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Irdai grants 3-month moratorium on term loans sanctioned by insurers

The RBI had issued directions on March 27, 2020 and asked banks, non-banks to provide moratorium on term loans for a period of three months starting from March 1, 2020

Insurers see rise in health claims; lockdown reduces motor segment demands

Fewer claims are supposed to improve the insurers' loss ratio in the motor segment, but the industry is divided on this

Life insurers will not invoke 'force majeure' clause for Covid-19 claims

This step was taken to reassure customers who had reached out to individual life insurance companies seeking clarity on this clause

Kotak Mahindra Bank deposits grow 20% YoY to Rs 2.59 trillion in Q4

On a sequential basis, the deposit base has grown 12 per cent over December 2019

NBFCs to use RBI's liquidity boost to focus on refinancing debt obligations

On Friday, the Reserve Bank of India (RBI) came up with policy measures to ensure there is enough liquidity in the system

With a new ad campaign, YES Bank aims to regain its lost credibility

The bank looks to reassure its depositors with a new print advertisement acknowledging the past and asking depositors to look ahead. Does this help rebuild credibility?

Coronavirus lockdown set to cost India $120 bn, forecast brokerages

Experts suggest a rate cut along with loan forbearance and a special liquidity window for banks and NBFCs

Non-life insurers register 14% premium collection growth in Apr-Feb FY20

The crop insurance segment has seen negative growth for the private insurers as many have stopped underwriting crop insurance policies

RBI names R Gandhi, Ananth Gopalkrishnan addl directors on YES Bank Board

Appointment is for two years; this is Gandhi's second stint in the same capacity

YES Bank crisis: Court sends Rana Kapoor to judicial custody till April 2

The former banker was arrested on March 8 by the ED under the provisions of Prevention of Money Laundering Act (PMLA) and was since in the probe agency's custody

Soon, pay less and get better health cover: IRDAI hints at new changes

The move is aimed at helping policyholders as the insured would pay less while getting better coverage

Insurance industry plans to sell more term products under new tax structure

In the past couple of years, life insurers, mainly private players, have been pushing protection products to improve margins as these term plans enjoy a higher margin

NCLT grants 90-day extension to Jet Airways for resolution process

This is an exceptional case of extension beyond the 330-day limit under the insolvency and bankruptcy code.

Yes Bank reports Rs 18,564.2-crore loss in Q3; NPAs saw a sharp rise

Gross NPAs gallop to Rs 40,709 crore in Dec 19

Govt notifies YES Bank rescue scheme; moratorium to be lifted on March 18

Three-year lock-in period for investors

YES Bank gets Rs 3,100-cr lifeline from pvt lenders; moratorium to go soon

The YES Bank reconstruction plan will include an equity investment of at least Rs 11,350 crore from various entities, including multiple private lenders.

Jet Airways lenders to seek 90-day extension for resolution process

An extension of up to 90 days may be sought from the National Company Law Tribunal

One rupee: The value that foreign brokerages attach to the YES Bank stock

Macquarie Capital Securities also said if State Bank of India (SBI) decided to buy stake in the bank, they should buy it at Rs 1 per share as the net worth is hugely impaired

ECL Finance puts stressed assets of Rs 2,393.4 crore on the block

March 23 is the last date to submit bids

Foreign exchange reserves a cushion for India against virus impact: RBI guv

He stressed that a swap line was critical from the point of view of preserving global financial stability