Apr 23, 2017 at 11:07 | Source: PTI
As per RBI norms, Payments banks have to focus on providing basic financial services, including social security and utility bill payments, remittance functions, and can mobilise deposits of up to Rs 1 lakh.
Apr 21, 2017 at 16:27 | Source: Moneycontrol.com
The regulator allows insurers to hold only up to 15 percent stake in one company. Earlier this year, the government divested 2 percent of its stake held in ITC held through the Specified Undertaking of the Unit Trust of India (SUUTI). LIC bought this 2 percent taking its overall shareholding to 16.32 percent.
Apr 20, 2017 at 08:36 | Source: PTI
Total FYP rose to Rs 1,24,396.27 crore in FY17 from Rs 97,777.47 crore in the previous year. It resulted in the insurance giant increasing its market share to 71.07 per cent from the last year's 70.61 per cent, the state-run corporation said in a statement.
Apr 18, 2017 at 11:55 | Source: Moneycontrol.com
According to data from the Life Insurance Council, life insurers collected Rs 1.75 lakh crore as new premium in FY17. Of this, LIC contributed Rs 1.24 lakh crore.
Apr 18, 2017 at 10:43 | Source: CNBC-TV18
Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal Securities recommends buying Reliance Industries, Indiabulls Housing Finance and GAIL India.
Apr 18, 2017 at 09:51 | Source: CNBC-TV18
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy, and Anuj Singhal, Prakash Diwan of Altamount Capital Management shared his readings and outlook on market and specific stocks.
Apr 18, 2017 at 07:53 | Source: CNBC-TV18
Sumeet Jain of Destimoney Securities is of the view that one may buy Gujrat Gas with a target of Rs 878.
Apr 15, 2017 at 14:01 | Source: Moneycontrol.com
The PIL names the government, state-run insurers, including LIC, and the insurance regulator, and says that the investment is contradictory to governments measures to tackle tobacco-related problems.
Apr 13, 2017 at 09:00 | Source: PTI
Total new business premium, including pension and group business, rose to Rs 1.22 trillion in FY17, a growth of 25.8 per cent from around Rs 97,000 crore a year ago, a senior LIC official told PTI here.
Apr 12, 2017 at 14:17 | Source: CNBC-TV18
Sudarshan Sukhani of s2analytics.com