Favourable seasonality and tax-rule changes pertaining to high-ticket, non-unit-linked savings products from April 1 would have ensured robust sales for Indian insurers in the March […]
Category: BFSI
Insurers seek sops to cover specially abled
General insurance companies will seek tax exemptions or direct subsidy to provide full coverage to specially abled people through new product offerings, said industry executives. […]
PTC Financial Services raises Rs 275 crore from IIFCL in its first ever borrowing since crisis
PTC India Financial Services (PFS), accused of corporate misgovernance, managed to raise Rs 275 crore from a state-owned financial institution as it looks to grow […]
Bank of Maharashtra hikes lending rates
State-owned Bank of Maharashtra (BoM) on Monday announced increase in the marginal cost of funds based lending rates (MCLR) by 10 basis points across tenors. […]
Godrej Capital aims to double loan book this year
Godrej Capital, the financial services arm of the furniture to aviation group, expects to more than double its loan book to Rs 12000 crore by […]
FM Sitharaman backs ‘holistic’ approach to multilateral development bank reforms
India backed a “holistic” approach to multilateral development bank reforms while pitching a staggered timeline for a capital increase to make it more acceptable to […]
CBIC may soon introduce automated system of publishing daily exchange rates for 22 currencies
New Delhi, The CBIC is likely to soon introduce a system of publishing daily currency exchange rates on the integrated customs portal, replacing the existing […]
PSU banks set target for selling flagship government insurance schemes in FY24
Public sector banks (PSBs) have set a target for the sale of flagship government insurance schemes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan […]
Funding constraints may hamper NBFCs’ loan growth this fiscal: Report
With most non-bankers reaching the maximum funding cap from banks, their projected 16 per cent loan growth may be impacted, leading to margin compression for […]
Vedanta in talks with Barclays to raise Rs 1,500cr loan
Resources conglomerate Vedanta is in talks with Barclays Bank PLC to syndicate a ₹1,500-crore loan that will be used for repayment of existing debt and […]