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LIC seeks Irda rethink on solvency margin

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 The communication was sent to Irda last month, LIC pointed out that the insurer had off-balance sheet reserves of Rs 50,000 crore by way of appreciation in government securities in addition to unrealised appreciation of Rs 10,000 crore, company executives said.

 Irda officials, however, said that LIC

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UBS posts quarterly loss

UBS AG, Switzerland’s biggest bank, posted a fourth-quarter loss after booking a fine for trying to rig global interest rates and costs tied to job ...

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Govt mulls reducing stake in PSBs to 52%

Expects to mobilise Rs 89,000 crore

Don't expect too many banks propping up immediately

Manojit Saha explains why RBI will remain 'conservative' in granting licences for payment banks and small banks

Govt plans to cut stake in PSBs to 52%; may get Rs 89,120 cr

There are about two dozen PSBs and government holding in them is between 56.26% and 88.63%

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