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Synergy Group in talks with lenders, govt on grounded Jet Airways revival

A source privy to the development said the group's representatives were planning to meet aviation ministry officials this week before taking a call on whether to send a team for detailed due diligence

On-tap licence regime: RBI doubles SFB net worth floor to Rs 200 crore

RBI has stated that the key criteria for licences will be the entity's ability to serve smaller customers

A regulatory sandbox a win-win for all stakeholders, says Irdai

Irdai will start receiving application from insurance companies such as InsurTech and others from September 15 on product ideas under the sandbox approach

NBFCs with exposure to realty developers stare at fresh trouble

India Ratings revises outlook for NBFC sector to negative; growth to be 10-12%

Insurance companies report boom in business after new, strict traffic rules

Insurance companies expect the new regulations to bridge the gap between insured and un-insured vehicles significantly

IL&FS board files affidavit with NCLAT; 3 amber entities may become green

The total debt of three entities that may be reclassified as green is around Rs 5,071 crore - Rs 3,242 crore from secured lenders and Rs 1,829 crore from the unsecured ones

Holding in insurance firms: What to pick? PSBs in a dilemma after merger

After mergers, banks will have to decide whether to reduce their stakes in insurance companies or exit them

ICRA downgrades Indiabulls Housing long-term ratings to AA+ from AAA

The realty sector has been hit by subdued sales and rising challenges on the funding front, said ICRA

IL&FS receives 14 binding bids from multiple bidders for 10 road assets

Jharkhand Infrastructure Implementation Company is the only green asset that has received a binding bid

FM Sitharaman's bank mergers step will make resolution process easier

Often the resolution process gets stuck with many smaller players not agreeing with the majority view

Currency in circulation increases 17% in FY19 to Rs 21.1 trillion: RBI

The Rs 500 and Rs 2,000 bank notes constituted 82.2% of the total value of bank notes in circulation at the end of March 2019

RBI says bank frauds rose 15% in 2018-19, pegs amount at Rs 71,543 cr

The average time gap in the date of occurrence of fraud and its detection was 22 months, the RBI said in its annual report

Sitharaman's sops for NBFCs may perk up lending, ease liquidity stress

The government has provided additional support of Rs 20,000 crore to the stressed housing finance companies from National Housing Bank (NHB)

RP of Jet Airways wants NCLT to ask lenders for interim financing

The second CoC meeting will be held next week wherein the settlement proposal will be presented for approval

Irdai partnering states to contact those with uninsured vehicles

Under the Motor Vehicles Act, it is mandatory for all vehicles to have a third-party insurance cover

Jet Airways creditors' claims balloon to Rs 30,558 cr as revival hopes fade

So far as the operational creditors are concerned (excluding the employees), the RP has admitted Rs 3,321 crore of claims

YES Bank mops up Rs 1,930 crore through qualified institutional placement

YES Bank needs funds to meet Basel-III capital requirements norms

IL&FS board submits progress report on group's asset monetisation process

Another eight business verticals have been identified where the group can do away with redundant roles

Leela standoff: Securities Appellate Tribunal to hear ITC plea on Aug 29

In April, the board of debt-ridden Leela had floated an ordinary resolution for sale of its assets

Jet gets three EoIs, Etihad backs out; applicants to be named on Tuesday

Panama-based fund Avantulo Group is one of the three entities to have expressed an interest