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SoftBank invests Rs 2,800 cr in IndiaBulls Housing-backed OakNorth Bank

With this, total equity capital of Oak North bank, a British banking start-up, will rise to Rs 7,000 crore

RBI monetary policy review: Risk weights eased for bank loans to NBFCs

The relaxation in risks weights is expected to make credit cheaper for better rated NBFCs

Indian Gas fails to furnish files, NCLT orders liquidation of Reid & Taylor

The tribunal also asked the registrar and the resolution professional to put in their best efforts to ensure that the company is sold as a going concern to protect the interest of the workers.

Irdai permits testing of products under regulatory sandbox approach

Irdai has also said that there would be defined entry and eligibility criteria as well as exit parameters for the applicants

Realty, construction, power may spell more trouble to banks: India Ratings

However, lenders will be better equipped to provide for these loans as they are mainly medium-sized, up to Rs 2,000 crore per account

NCLAT asks govt for list of IL&FS firms categorised by financial position

Appoints former SC judge D K Jain as supervisor of resolution process

IRDAI asks insurers to provide for IL&FS exposure, wants mis-selling curbed

Regulator to approach GST council on reducing tax on property insurance, is upbeat about cybersecurity business

Easier norms for foreign players to up competition in reinsurance market

The sector has seen the entry of nine foreign players as well as a domestic private sector company

Piramal Enterprises has Rs 225-crore exposure to Essel Infraprojects

Issues related to the debt burden of some Essel Group companies triggered a sharp fall in the share price of Zee and Dish TV

Piramal Enterprises to reduce its exposure to realty developers

Housing finance loans to constitute 10% of the loan book by March 2019

DHFL Q3 net down 37% to Rs 314 crore due to surge in provisions

Net interest income surges 20%; return on assets halves to 1.21%

Non-life insurers see 13.14% rise in gross premium underwritten in Apr-Dec

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

Moody's upgrades IDBI's foreign currency rating; outlook labeled positive

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

ICICI Prudential Q3 profit falls 34% despite a rise in premium earnings

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

HDFC Life reports 20% rise in net profit at Rs 913 cr in 9 months of FY19

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

Tata Capital eyes 25-30% credit growth in FY20 amid ongoing NBFC crisis

The company is now focusing on newer avenues to grow

SBI Life posts Rs 870 crore profit in 9 months of FY19, up 13%

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

ICICI Lombard registers 25.9% growth in gross direct premiums in Q3FY19

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 groups meet Shaktikanta Das, seek 50-bps cut in repo rate, CRR

Industry bodies want RBI to have a relook at its Feb 12 circular on the restructuring of stressed loans

Bombay High Court defers Kotak Mahindra Bank vs RBI matter to March 12

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