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Non-bank growth to fall to 6-8% in FY20; lowest in a decade: Crisil

Funding issues, rising borrowing costs, re-calibration and de-risking of loan portfolios and economic slowdown will weigh on AUM growth

Banks' FY19 retail loan growth slipped to 12%, slowest in 5 years: CRISIL

Adjusted for securitisation, loan book grows at 12% as against 16% in FY18

LIC woos millennials with upgraded website, better customer service

Online upgrade, push to agency and alternate channels has helped it increase market share

NCLT asks telecom department not to terminate Aircel's license and spectrum

The tribunal accepted the government's argument that licence or spectrum is a state asset over which Aircel had no right of ownership

Credit card spend expected to grow to Rs 15 trillion by FY24: Report

Moreover, the number of credit cards outstanding is also projected to grow at fast pace of 23 per cent CAGR in the next five years

Jet creditors seek 90-day extension in insolvency resolution process

Synergy Group is the only interested entity shortlisted by the Resolution Professional's team to file a plan for the defunct airlines

Irdai proposes to make calculation of motor cover simpler, more transparent

Customers will not have to buy add-ons like invoice cover in the new regime

Policyholders likely to gain as Irdai proposes changes to motor policy

For partial loss claims, age-wise depreciation has been recommended, wherein if the vehicle is less than a year old, the depreciation will be 10 per cent

RBI tells banks not to charge transaction fees for NEFT from Jan 2020

The RBI earlier this year had waived the charges it levied on banks for transactions routed through NEFT and RTGS

Irdai issues draft norms on wellness services in health insurance products

It said that the wellness and preventive features shall be designed only with the objective of maintaining good health

PNB Housing Finance raises Rs 2,500 cr from LIC via NCD, its 2nd this year

The first issuance of NCDs of Rs 500 crore was subscribed by a foreign bank

Irdai directs Reliance Health Insurance to stop selling new policies

The company will be merged into Reliance General

RBI panel for maximum of two-layered core investment companies by 2021

The RBI panel's advice to limit CIC to two levels is another reform for better financing arrangement

Indian firms in Fintech 100 list: Paytm, OlaMoney make it to top 10

Check which Indian firms made it to Fintech 100 list

YES Bank gets $3-bn offer from investors including PEs and domestic MFs

The bank is in dire need of capital to not only provide for bad assets but also for growth

Reserve Bank of India rejigs regulatory and supervision departments

The restructuring will give categorised supervisory approach to all the RBI supervised entities linked to their size, complexity.

Irdai asks insurers to give details on exposure to DHFL, IL&FS, ADAG

All the four entities, for which data was sought by Irdai on October 9, have been downgraded by credit rating agencies recently

YES Bank gets $1.2-bn binding offer from global investor, stock rallies 24%

This was the third-biggest single-day gain for the stock - it zoomed 33 per cent in early October and 30.7 per cent in mid-February

Yes Bank gets $1.2-bn binding offer from global investor; shares zoom 35%

The bank was said to have been in talks with global technology companies to become a strategic investor in the bank

Two years on, debt resolution of first dozen firms still not complete

The combined debt of these 12 large accounts was Rs 3.45 trillion; the amount realised so far is Rs 1.01 trillion. The liquidation value of these 12 large accounts was Rs 73,220 crore