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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

Second Covid wave: Auto-debit payment bounce rate increases again in April

Experts say the rise may continue, given the lockdowns

Microfinance institutions want additional relief measures from RBI

In a letter to RBI Governor Shaktikanta Das, MFI association SaDhan has sought a special liquidity facility of at least Rs 15,000 crore to be provided by all-India financial institutions

Former Irdai chairman asks insurers to concentrate on prevention of risk

In the first two quarters after the onset of the Covid-19 pandemic, the insurance industry suffered negative growth. But, it bounced back as soon as the economy opened up post the lockdown

Bandhan Bank's Q4 net profit declines 80% due to higher provisioning

Provisions of the lender nearly doubled to 1,594 cr in Q4FY21 as compared to Rs 827 cr in Q4FY20

HDFC beats the Street, post 42% net profit surge to Rs 3,180 cr in Q4

Board okays re-appointment of Keki Mistry as vice-chairman, CEO for 3 more years

Life insurance companies' new premium business up 45% at Rs 9,739 crore

While the NBP of private insurers, 23 in total, grew 55.18 per cent over the same period last year, state-owned Life Insurance Corporation reported 35.6 per cent growth

Second month in row, Walmart's PhonePe logs over 1 billion transactions

Maintains top position in UPI apps, followed by Google Pay

RBI's Covid relief: SFB loans to MFIs get priority sector status

Special liquidity for SFBs to help low-income groups, say experts

Covid-19 second wave: Digital payments drop as state impose curbs

UPI saw a 4.3 per cent dip in transaction volume and a 2.22 per cent dip in transaction value

Covid-19 second wave: Digital payments drop as state impose curbs

UPI saw a 4.3 per cent dip in transaction volume and a 2.22 per cent dip in transaction value

Insurers see adverse impact of Covid-19 claims on their loss ratio

Indian insurers had not factored in the impact of Covid claims while underwriting their products