Overall transaction values reach pre-Covid levels
NBFCs likely to face heightened pressure with NPAs touching 7-9.5%; HFCs will be better off with NPAs expected to touch 3.4-4.8%
Experts say comfortable capital levels, strong market position positive for both
Following the Punjab and Maharashtra Co-operative Bank crisis, there has been a growing call to give more teeth to RBI in regulating such banks
It will also include the cost of treatment for any other co-morbidities, including pre-existing comorbid conditions along with the treatment for Covid-19
With the spread of coronavirus and the subsequent lockdown imposed by the government, LIC saw its new business premium (NBP) fall 31 per cent year-on-year (YoY) in March
Govt likely to issue clarification to add more borrowers under ECLGS
In a Q&A, the lender's MD & CEO, Amitabh Chaudhry, also dwells on the stimulus package announced by the government, and risk aversion by banks
This is an extension of its budget announcement, where it had said it would compensate them to the extent of 10% of the losses banks incur on their NBFC bond portfolio
Enquiries for fresh loans see uptick
NBFCs cry foul as they were expecting a two-three year support
The attrition is in line with the process we follow every year, says company
HDFC's share price were down almost 8 per cent to Rs 1,512
Market leader LIC's new business premium down 32% to Rs 3,582 cr from Rs 5,268 cr a year ago; HDFC Life, ICICI Pru among top losers in private space
Coronavirus pandemic will bring a 'paradigm shift in how people view insurance in India', says Vibha Padalkar in an interview.
At the end of March quarter, the financial services arm had Rs 8,900 crore in the form of cash and undrawn bank lines but it has drawn down Rs 4,000 crore of long term bank lines since the beginning o
Excluding covid-19 related provisions, the profit after tax of the bank would have been Rs 3,260 crore
Had it not been for Covid-19 impact, the company would have reported a sharp 80 per cent year-on-year jump in its pre-tax profit to Rs 692 core.
NPA level of public sector banks has increased from 18 per cent in December 2018 to 19 per cent in December 2019
The bank saw a healthy growth of 37 per cent in its operating profit at Rs 765 crore compared to Rs 560 crore a year ago.