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Jet Airways gets two suitors as EoI deadline ends, Hindujas back out

This is the second time that the lenders to Jet called for EoIs. The first round of bidding did not result in any resolution plan for the revival of the airline.

Need cost-effective products for lower-middle class: LIC chairman

LIC chairman said although life insurance had been one of the fastest-growing sectors in India, the vast uninsured population and market potential put the achievement of insurance players in the shade

Insurers stay on sidelines as Mutual Funds step up purchase of shares

Insurers bought shares worth Rs 42,000 cr in 2019, while MFs spent Rs 53,000 cr

Jet gets second EoI after South America-based Synergy group, stocks gain

It was earlier supposed to end on January 6, however, the lenders decided to extend the deadline if anyone wants to submit an EoI for the defunct airline

After standardising health insurance, Irdai looks at rating of hospitals

Under the rating mechanism, insurers can charge on the basis of grades based on facilities like number of doctors or equipment in the hospital

Jet Airways lenders give time till January 15 for submission of EoIs

Jet has completed 180 days of its insolvency proceedings and has extended the corporate insolvency process by another 90 days.

Enforcement of share pledging in Reliance General null & void: Irdai

Reliance Capital believes that the order by Irdai will protect the interest of all lenders and debenture holders of the company.

Slowdown effect on the credit growth of lenders: Explained in seven charts

On the profitability front, public sector banks profitability ratios were muted because of weak credit growth as well as slow resolution of bad assets.

Frauds reported in H1 rise to Rs 1.13 trillion, 97% happened earlier

Also, during the first half of FY20, banks reported 398 cases of large-value frauds (above Rs 50 crore) worth Rs 1.05 trillion and 21 cases of frauds above Rs 1,000 cr, worth a cumulative Rs 44,951 cr

Insured deposits constitute 28.1% of assessable deposit base at March-end

As of 2018-19, the premium collected from member banks was Rs 12,040 crore, of which commercial banks contributed 93 per cent while cooperative banks accounted for the remaining 7 per cent

Slowdown blues: Bank credit growth may fall to 6.5-7% in FY20, says Icra

According to ICRA, even in a high-growth scenario, wherein the second half of FY20 sees the incremental bank credit rise to Rs 6.5-7 trillion, there will still be a 40-45% year-on-year (YoY) decline

Recovery of stressed assets improved marginally in FY19 driven by IBC: RBI

The amount involved under IBC was Rs 1.66 trillion and more than Rs 70,819 crore was recovered, with a recovery rate of 42.5%

Former IL&FS directors got lucrative paychecks even as firm collapsed

Arun K Saha, erstwhile joint MD & chief executive officer (CEO), took home a hefty remuneration of Rs 6.88 crore for FY19. He was also a whole-time director of the subsidiaries and group companies.

Women's share in life insurance policies is 36% in FY19: Irdai report

The share of women in terms of number of policies is 36%, higher than what it was in FY18 at 32%

RBI MPC minutes: Rising inflation, lack of rate transmission led to pause

Members will look for growth initiatives in Union Budget

RBI defends its nod for sacking Kochhar; matter to be heard on January 13

The RBI said while approving Kochhar's termination, it acted in accordance with the statutory provisions

Jet lenders to invite fresh bids as parties are willing to revive airline

The CoC will vote on restarting the bid process on Friday and the results will be out on Saturday

YES Bank share sale: Erwin Singh Braich, family offices may not be included

Bank plans to raise $1.75 billion; in talks with five European institutions: Ravneet Gill

Das meets heads of PSBs, discusses transmission of rates, stressed assets

The meeting focused on credit flow to the 'productive sectors' which include micro, small and medium enterprises and non-banking financial companies

Anil Ambani-backed Reliance Capital delays interest payment obligation

The demand for immediate payments for the facilities availed by the firm from various lenders