Page 81 - Subrata Panda/workspace/business Standard Web/video

Bajaj Finance to continue Covid provisioning, strengthen its balance sheet

The lender, in Q1FY21, took an additional contingency provision of Rs 1,450 crore for the pandemic, taking the total amount to Rs 2,350 crore as of June 30

We expect Q3 to be better than Q1 and as good as Q2: Bajaj Allianz Life CEO

In the segment, life insurers are able to give better post-tax returns than fixed deposits, Chugh said

LIC Housing Finance biz back to pre-Covid levels: MD Siddhartha Mohanty

The business done by the company in September is not only better than the previous year but also the best for the company in the same period, he said.

Life insurers see 16% growth in new business premiums in September quarter

New business premiums of life companies rose 26% in September, with LIC leading the way

India leads world, processes 41 mn real-time transactions a day: Report

Real-time payments doubled this year and transaction value increased by 80 per cent, says FIS Global.

SBI biz at 80% of pre-Covid level, says new chairman Dinesh Kumar Khara

Khara's appointment as chairman of SBI was made official by the ministry of finance on Tuesday

DHFL case: Bogus transactions of Rs 1,864 crore unearthed, says report

According to the report by the transaction auditor, the concerned transactions occurred between FY17 and FY19

Irdai to start colour coding of individual health plans based on complexity

The regulator has sought comments from all stakeholders on the matter by October 15

Few takers for special liquidity scheme due to stringent eligibility rules

The use of liquidity facility remains low due to factors such as consolidation of business, stringent eligibility rules and short tenure

NBFCs pin hope on festive season for revival in credit disbursals

Collection efficiency of non-banking lenders and housing finance companies picks up

Make officials well-versed in local languages, FM Sitharaman tells banks

The minister also suggested to the Indian Banks' Association to roll out a similar training exercise for their clerical staff.

UPI hits Rs 3.3-trillion transactions in September, shows RBI data

The value of transactions reached Rs 3.3 trillion, from Rs 2.98 trillion a month ago

Retail customers yet to approach us in big numbers for loan recast: SBI MD

SBI has launched a portal for retail customers to check eligibility for personal loan restructuring

As Covid-19 upends traditional functioning, insurance goes digital

With the Covid-19 pandemic having upended traditional ways of functioning, insurers are going the extra mile to adopt paperless processes, writes Subrata Panda

Delinquencies in NBFCs may rise by 50-250 bps in FY21: Crisil

RBI's loan restructuring will soften the blow on reported GNPAs but the underlying challenges will continue

Resolution applicants to come up with final offer for Jet early next week

Sources say bidders are seeking clarity from govt on the carrier's airport slots and traffic rights, which have been given to other carriers temporarily

Irdai to develop standardised products for bridging protection gap

Life Insurers must aim to achieve a 13th month persistency of 90% within a year, says Irdai chairman

Irdai panel recommends forming Rs 75,000 cr pandemic pool under PPP model

The group has recommended coverage for 40-50 million MSME workers initially

Covid-19 impact: Life insurers lose 4 mn policies, Rs 45,000 cr in premiums

Traditionally, the second fortnight of March is the most productive period for the life insurance business as around 15-18 per cent of the entire business comes during this period

Major defaults in our corp bond holdings due to Covid unlikely: LIC chief

In a Q&A, chairman M R Kumar says the insurance behemoth isn't considering scaling down targets and hopes to reach its budgeted figures at the end of FY21