Issues related to the debt burden of some Essel Group companies triggered a sharp fall in the share price of Zee and Dish TV
Housing finance loans to constitute 10% of the loan book by March 2019
Net interest income surges 20%; return on assets halves to 1.21%
The total gross premiums underwritten by the private insurers are to the tune of Rs 59, 513.59 crore in April-December 2018 against Rs 47,382.33 crore in the same period in 2017
This capital infusion will help the public sector lender to negotiate better terms on its foreign fund raising exercise, mainly from its branch in Dubai International Financial Center
In absolute numbers, PAT of the life insurer stood at Rs 297 crore in Q3 FY19 against Rs 301 crore in the third quarter of FY 18
In Q3 of FY19, the insurer posted profits to the tune of at Rs 245.63 crore, up 18.3 per cent. The company's profit stood at Rs 207.32 crore in the same quarter of 2017
The company is now focusing on newer avenues to grow
New business premium up 32 per cent to Rs 9,470 crore in the nine months of this fiscal; gross written premium was Rs 21,660 crore, up 34.5 per cent
Profit after tax of the company grew by 3.2 per cent in the third quarter of FY19 from Rs 232 crore to Rs 239 crore
Industry bodies want RBI to have a relook at its Feb 12 circular on the restructuring of stressed loans
The counsel representing the RBI sought more time from the court to file the affidavit in reply to the writ petition filed by the private lender in the HC
The bank will raise about $ 700 million through five- year bonds and $300 million through three-year bonds
The private insurers reported a steady growth of 23.33% with their first-year business premium
The tribunal has asked CFM to deposit Rs 2 crore in the next 48 hours to go ahead with the process
In the last fiscal (FY18), the life insurance company saw a growth of 18 per cent in the new business premium
Australia-based Silverdale Services, a financial services company is backing the bid made by the employee association to take over the company.
IDBI bank had initiated the insolvency proceeding against the promoters of the company nationwide over the nonpayment of dues to the tune of Rs 4100 crore to banks and other lenders
Subhash Chandra Garg says govt doesn't even know whom to approach in order to address NBFC issues as there are no organisations representing the sector
As for NBFCs, the retail credit stood at Rs 8.3 trillion as on September 2018