LIC earned a total premium of Rs 37,545 crore on an APE (annualised premium equivalent) basis for the nine months ended December 31
Exposure of domestic banks to the shares of Adani Group is insignificant: DG Jain
The RBI launched the pilot project for retail CBDC on December 1 last year
Says central bank merely provided ministry a list of apps operated by regulated entities, had not suggested any ban
UPI transactions touched a record high of 8.03 billion transactions in January, adding up to Rs 12.98 trillion
Loans are not given considering a company's market capitalisation, he says about Adani Group crisis
They want the threshold of premiums beyond which the income from these policies is taxed raised to Rs 10 lakh per year from the current Rs 5 lakh
Companies approach MeitY for answers and report cloned platforms on red list; Google reviewing directive to restrict apps on Play Store
'We have made investments in terms of making sure our savings banks franchise is strengthened'
Banks have an exposure of Rs 80,000 crore to the conglomerate, with the SBI leading the pack with Rs 27,000 crore
'Central bank maintains constant vigil on sector, individual banks'
Bank management says, exposure to Adani Group well below the ceiling prescribed by RBI under large exposure framework
The stocks of life insurance companies reacted sharply to the announcement of the finance minister on Wednesday, with most scrip witnessing around 10 per cent fall in a day
Govt aims to curb misuse of Section 10(10D) of I-T Act with this proposal; new rule applicable on policies issued on or after April 1, 2023
The Survey points out that the highly competitive sector is already witnessing M&As as insurers have huge opportunities and volume to co-exist in the space
However, concerns have lately been raised over declining rates of recovery in comparison to their claims admitted through the IBC mechanism, resulting in large haircuts for lenders
Survey says with Ukraine war weighing on Europe, insurance industry growth in emerging markets is likely to outpace that in the developed markets this year, with emerging Asia in the lead
Will engage with Adani management for clarifications Hindenburg charges
Deposit growth has gathered pace to 10.6%
Performance was aided by healthy rise in net interest income, drop in provisions and contingencies