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RBI creates liquidity window of Rs 15,000 crore to help hotels, tourism

Relief meant for 'contact-intensive sectors' that have been pulled down due to coronavirus

Can't have auto-restoration of slots to Jet Airways: Centre tells NCLT

The Kalrock - Jalan consortium, who are successful resolution applicants of Jet Airways, said they were under the impression that slots and traffic rights held by Jet will revert to it

Second wave of Covid-19: Rising death claims keep insurers on tenterhooks

Most life insurance companies have set aside provisions for such claims, over and above what they had set aside during the first wave.

Covid-related death claims have become a concern: Bajaj Allianz Life CEO

The experience in group term has been worsening because group term is more efficient in reporting claims, says MD Chugh

Digital Payment transactions decline in May from March-April levels

Cash withdrawal through ATMs, transactions through NEFT and RTGS also decline

Kapil Wadhawan moves SC over NCLAT stay against his Rs 91,000-cr DHFL offer

NCLAT was scheduled to hear the reply of Wadhawan on June 25, but he moved SC before that

PSU banks to follow template with three loan buckets for recast 2.0

Lenders come out with standardised products to help mitigate Covid crisis

Every third banknote in circulation is a Rs 500: RBI annual report

The share of Rs 2,000 notes, however, has been declining both in value and volume terms.

In pandemic year, bank frauds down 25% by value: RBI annual report

In terms of number, fall is 15%; share of PSBs in cases declines

Premiums for staff insurance may rise amid second wave of Covid-19

Insurers say the second wave impact is more than first as normal claims and Covid ones are running parallel this time

State Bank of India Q4 profit up 80% at Rs 6,451 crore, beats estimates

Lender posts highest-ever full year net profit of over Rs 20,000 crore

South Indian Bank reports Rs 7 crore net profit in March quarter

The bank reported a net interest income of Rs 561 crore, down 6 per cent year-on-year (YoY)

Kapil Wadhawan's 2nd proposal must be tested on merit, put to vote: NCLT

Directs administrator to place proposal before the CoC and inform the outcome within 10 days

DHFL resolution: Lenders weigh options after NCLT's surprise call

Tribunal gave direction to have a look at offer by Kapil Wadhawan

Second Covid-19 wave: NBFCs brace for defaults, grim business prospects

The collections are down as staff is not able to reach out to customers.

NCLT asks DHFL administrator to place Kapil Wadhawan's offer before CoC

The tribunal has asked CoC to convene within 10 days; DHFL's former promoter had earlier proposed to repay Rs 91,158 cr to lenders

Full KYC PPIs have to enable interoperability by March 31, 2022: RBI

Customers of full KYC-compliant PPIs issued by non-bank PPI issuers can withdraw a maximum of Rs 2,000 per transaction and Rs 10,000 per month per PPI

Life insurers get tough on risk assessment as second Covid-19 wave bites

Impose 'postponement period' for recovered Covid patients, tighten underwriting standards

Federal Bank posts best ever quarterly net profit, up 59% at Rs 477 cr

Lower provisioning boosts bottom line; operating profit down 7.74% in Q4FY21 to Rs 885 cr

Insurers see huge spike in Covid-19 claims as second wave sweeps India

In absolute numbers, over 83 per cent of claims have been settled, while in value terms, just 51.38 per cent of claims have been closed