Digital platform will allow consumers to compare, purchase and manage life, health, general insurance products
Stable inflation is foundation for sustained growth, says Das
India Inc. will likely continue to tap the dollar bond market in the long run, given the strong demand for high-yield papers
Hitendra Dave spoke about the London-based bank's plans for India and how it aims to capitalize on the opportunities the country has to offer
Rupee depreciated by 7.8 per cent during FY23 and by 1.4 per cent in FY24. And so far in FY25, it has depreciated by 1.5 per cent
In FY25 so far, banks have raised Rs 8,000 crore through perpetual bonds. In comparison, banks raised Rs 20,706 crore in FY24 and Rs 31,394 crore in FY23
Both issuances had a base size of Rs 250 crore and a green shoe option of another Rs 250 crore. The NCDs have been rated AA+ by domestic rating agencies CRISIL and ICRA
Says need to curb unethical practices such as mis-selling of products
State-owned lender also raises Rs 10K cr through 15-yr infra bonds at 7.23%
Counterbids for the two pools of bad loans are being invited separately by the non-banking finance company, with the condition that all bids must be on a "full cash" basis
The accounts were reported as "fraud" by the lender to the Reserve Bank of India (RBI) on September 18
Despite the fall in number of policies, the new business premiums of life insurers grew in double digits
Credit growth has exceeded deposit growth since the fortnight ended March 25, 2022, leading to a widening gap that reached as much as 700 basis points
The coupon rate is the rate of interest that the entity will pay to investors
NHB received bids worth Rs 4,950 crore at a coupon of 7.16 per cent and Rs 4,310 crore at a coupon of 7.15 per cent
Inflation hit a 14-mth high of 6.2% in Oct, breaching MPC's upper tolerance band
SBI has previously raised Rs 20,000 crore in infrastructure bonds in the current financial year FY25
Xpress Credit portfolio, which declined in Q2, also expected to rebound
India's 10-year government security (g-sec) yield closed at 6.82 per cent on Monday
Out of the nine accounts put up for sale by the lender, two accounts - Diksha Greens and Star Bazar Group - have been classified as "fraud" accounts, and only ARCs can bid for these accounts