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RBI report on demonetisation: Financial savings in insurance, shares rise

Demonetisation reduced the currency in circulation by 2.1%, but deposits rose from 4.8% to 7.3%

RBI MSME loan restructuring plan to help borrowers, state-owned banks

With the high NPAs, the MSME sector has been facing difficulty in raising funds

NCLT allows govt to reopen IL&FS Group's books for the last 5 years

The tribunal gave temporary relief to IL&FS auditors; ICAI proceedings will continue

LIC's gross NPAs rise to 6.23% in FY18, cover for bad loans improves

It earned Rs 1.55 trillion as interest and Rs 97.68 billion as dividend, returning a yield of 7.71% for the year

Banks at 'poverty line' of capital will stay poor: RBI executive director

The 12-minute speech by Sudarshan Sen focused on why all banks, not merely internationally active ones, should maintain a higher minimum capital than what is prescribed under the Basel framework

Irdai questions TTK group's stake sale to Manipal Group

Cigna TTK had filed an application with the insurance regulator on September 1, 2017, for a change in the partnership from the TTK Group to the Manipal Group

Publish annual figures of death claims paid data: Irdai

The figures should reflect the entire financial year and shall be based upon latest Irdai annual report

LIC to invest in GIC IPO but will stay away from SBI Life IPO

NPAs of the public insurer was to the tune of Rs 18,000 cr

Max India calls off Max Life-HDFC Life merger of insurance business

The deal had run into troubles with Irdai rejecting the structure for the merger

HDFC, Standard Life to sell 15% stake in HDFC Life via IPO

Last week, HDFC Standard Life Insurance Company decided to list its shares through an IPO

ICICI Lombard files for first IPO by non-life insurer, to dilute 19% equity

To offer 19% shares held by ICICI Bank & Fairfax, 5% kept for individual, HUF shareholders of parent

Irdai defers IndAS execution by 2 yrs

Corporate Affairs ministry laid down the road map for implementation of IndAS for insurance sector

Private insurers' individual, group single premiums for May 2017 see a drop

Life insurers saw a 24% decline in lives covered under group scheme for May 2017

Irdai appoints administrator for Sahara Life Insurance

The action was taken under Section 52 A of the Insurance Act

Reliance General Insurance IPO by FY18-end

Reliance Capital to dilute 10% stake