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RBI report on demonetisation: Financial savings in insurance, shares rise

Demonetisation reduced the currency in circulation by 2.1%, but deposits rose from 4.8% to 7.3%

State Bank of India to raise $1 billion through bond sale

The bank will raise about $ 700 million through five- year bonds and $300 million through three-year bonds

Life insurers see marginal growth in first-year premium collection of FY19

The private insurers reported a steady growth of 23.33% with their first-year business premium

Reid & Taylor insolvency: CFM hired as new investor; SPGP shunted

The tribunal has asked CFM to deposit Rs 2 crore in the next 48 hours to go ahead with the process

IDBI Federal Life expects flat growth as stake-sale uncertainties fade

In the last fiscal (FY18), the life insurance company saw a growth of 18 per cent in the new business premium

Reid & Taylor insolvency: NCLT asks staffers to prove net worth by Thursday

Australia-based Silverdale Services, a financial services company is backing the bid made by the employee association to take over the company.

RP of Reid & Taylor moves NCLT, files criminal case against promoters

IDBI bank had initiated the insolvency proceeding against the promoters of the company nationwide over the nonpayment of dues to the tune of Rs 4100 crore to banks and other lenders

Regulation is critical, but shouldn't throttle NBFCs: Economic Affairs Secy

Subhash Chandra Garg says govt doesn't even know whom to approach in order to address NBFC issues as there are no organisations representing the sector

Disbursement by HFCs, NBFCs to slow down in H2FY19, says Icra

As for NBFCs, the retail credit stood at Rs 8.3 trillion as on September 2018

RBI MSME loan restructuring plan to help borrowers, state-owned banks

With the high NPAs, the MSME sector has been facing difficulty in raising funds

NCLT allows govt to reopen IL&FS Group's books for the last 5 years

The tribunal gave temporary relief to IL&FS auditors; ICAI proceedings will continue

LIC's gross NPAs rise to 6.23% in FY18, cover for bad loans improves

It earned Rs 1.55 trillion as interest and Rs 97.68 billion as dividend, returning a yield of 7.71% for the year

Banks at 'poverty line' of capital will stay poor: RBI executive director

The 12-minute speech by Sudarshan Sen focused on why all banks, not merely internationally active ones, should maintain a higher minimum capital than what is prescribed under the Basel framework

Irdai questions TTK group's stake sale to Manipal Group

Cigna TTK had filed an application with the insurance regulator on September 1, 2017, for a change in the partnership from the TTK Group to the Manipal Group

Publish annual figures of death claims paid data: Irdai

The figures should reflect the entire financial year and shall be based upon latest Irdai annual report

LIC to invest in GIC IPO but will stay away from SBI Life IPO

NPAs of the public insurer was to the tune of Rs 18,000 cr

Max India calls off Max Life-HDFC Life merger of insurance business

The deal had run into troubles with Irdai rejecting the structure for the merger

HDFC, Standard Life to sell 15% stake in HDFC Life via IPO

Last week, HDFC Standard Life Insurance Company decided to list its shares through an IPO

ICICI Lombard files for first IPO by non-life insurer, to dilute 19% equity

To offer 19% shares held by ICICI Bank & Fairfax, 5% kept for individual, HUF shareholders of parent

Irdai defers IndAS execution by 2 yrs

Corporate Affairs ministry laid down the road map for implementation of IndAS for insurance sector