Page 58 - Subrata Panda

HDFC Bank's prospects for MSCI, FTSE light up as overseas holdings dip

If FPI holdings decline further in the two firms, it could lead to good buying opportunities: Analysts.

A 'no-brainer': RBI governor Shaktikanta Das on expected rate hike in June

Says have entered another phase of 'coordinated action' between fiscal and monetary authorities

Share of term products will rise this yr: Bajaj Allianz Life Insurance CEO

Currently, the growth trend has not stalled but it may going forward, but life insurance as a sector will be one of the fastest growing sectors, says Bajaj Allianz Life Insurance CEO Tarun Chugh

IDBI Bank to sell 25% stake in Ageas Federal Life Insurance for Rs 580 cr

The transaction is expected to be completed in Q2FY23, subject to regulatory approvals and satisfaction of the terms and conditions set out in the share purchase agreement.

RBI to transfer Rs 30K cr surplus to govt for FY22; lowest amount in 8 yrs

Last year, the transfer of Rs 99,126 crore was for a nine-month period ended March 2021

Apple to stop storing card information on file for Indian customers

This decision of not storing card information on file has been taken by the US tech giant Apple in light of the card data storage norms of the Reserve Bank of India (RBI) that will kick in shortly

Outward remittances through RBI's LRS hit an all-time high in FY22

In FY22, outflows under the LRS scheme was to the tune of $19.61 billion, up 54.6 per cent from FY21, data released by the RBI showed

LIC shares drop 8% below issue price on debut, end at Rs 873 apiece

The insurance behemoth's shares hit an intra-day low of Rs 860 and a high of Rs 920, not coming closer to the issue price but providing small investors an opportunity to exit with nominal gains.

Policyholders who missed out on allotment will pick up LIC shares: MR Kumar

We will ramp up digital channels and make tactical tweaks on equity investments to please policyholders, said M R Kumar

EV fire incidents 'not a concern', insurers unlikely to hike premiums

The vehicle owner will be eligible for claims from an insurance company in the event of a two-wheeler EV catching fire, only if he/she has a comprehensive motor insurance policy

Bandhan Bank Q4 net soars to Rs 1,902 crore; NII up 45% to Rs 2,539.8 cr

In the previous quarter, it had earned net profit worth Rs 859 crore

NCLT allows Future Retail more time to file reply to insolvency plea

Amazon moves application, says Future Retail and banks are colluding to deny its rights.

No RBI directive that goes against Supreme Court ruling on cryptos

In a circular issued last May, RBI asked banks and other regulated entities to not cite its April 2018 circular that imposed restrictions in dealing with virtual currencies

Coinbase admits RBI's use of informal pressure prompted halting of trade

The comments by Coinbase's Armstrong bring forth the challenges that the crypto industry is facing

Focus is to increase health book faster: ICICI Lombard Gen Insurance CEO

Bhargav Dasgupta spoke about the company's plan in the health, motor and surety bonds business

SBI hikes bulk deposits rates by 40-90 bps, with immediate effect

All deposits more than 3 years to earn 4.5% rate of interest;m Bajaj Finance increases FD rates by 10 bps

LIC IPO subscribed 2.95 times, generates bids worth Rs 43,933 crore

Receives record 7.33 million applications from retail investors

Recoveries by financial creditors under IBC shrink to 33%, shows data

It was 39.3 per cent as of March 2021, and as high as 46 per cent till March 2020, according to the Insolvency and Bankruptcy Board of India (IBBI) data

Life insurers' new business premiums zooms 84% in April, thanks to LIC

In April, the industry earned NBP to the tune of Rs 17,939 crore, compared with Rs 9,739 crore in the year-ago period

Private bank profits rise, thanks to higher NII and low provisions

Witness robust loan growth and higher operating expenses in March quarter