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Securitisation sees 80% drop in H1FY21 due to Covid-19, moratorium: Crisil

However, there are signs of recovery as September saw a rebound in securitisation transactions to Rs 10,000 crore

Double-digit surge in insurance sector by FY21-end: LIC MD Raj Kumar

Growth of the industry had fallen by 19 per cent in April

Non-life insurers see a 4.41% drop in premium collection in September

Standalone health insurers, however, see a 38% spike in collections on the back of heavy demand for health covers

Indiabulls housing fin sells some more stake in OakNorth Bank for Rs 441 cr

The proceeds will be used to bolster the capital adequacy ratio of the lender

RBI to conduct on-tap TLTRO worth Rs 1 trillion to nudge credit growth

The TLTRO will be for tenors of up to three years and for a total amount of up to Rs 1 trillion at a floating rate linked to the policy repo rate for banks

Now, RTGS payment system to be available around the clock, says RBI

While NEFT was made a 24x7 system in December, 2019, RTGS will also become one in December, 2020

Early Diwali for homebuyers: RBI move to reduce rates, boost realty demand

The decision to rationalise risk weights woule particularly benefit borrowers of higher value loans

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