BUSINESS
Bank of Maharashtra pegs expected credit loss provisions at Rs 125-150 cr per quarter: Sources
The RBI, had in March 2020, rolled out regulatory guidelines for the implementation of Indian Accounting Standards (Ind AS) by non-banking financial companies (NBFCs)
BUSINESS
6.5-7% GDP growth, 100% credit-to-GDP ratio required to become $30 trillion economy: PNB CEO
India, with a GDP of roughly $3.4 trillion, is currently the fifth largest economy in the world, after the US, China, Japan and Germany
BUSINESS
Loans worth Rs 38,000 crore disbursed on ULI platform
Thirty-six lenders, including various banks and NBFCs have been onboarded, the RBI said in a report
BUSINESS
Need another aggregator to protect financial institutions against fraud, says DFS secretary
In FY24, bank frauds went up 166 percent from the previous year to 36,075, RBI’s annual report has said
BUSINESS
Union Budget 2025: LIC MD expects tax incentives and subsidies to boost insurance penetration
On January 29, Moneycontrol reported that India’s insurance sector is expecting some key announcements in the Budget such as tax incentives for policyholders, reduction of goods and services tax (GST), and implementation of mandatory basic term life insurance coverage for formal employment
BUSINESS
Ex-IRDAI member calls for removal of GST on premiums to make it affordable
Instead of imposing restrictions on the bancassurance channel, there should be an internal assessment to ensure proper and seamless sales, which is fundamentally the role of the regulator, says Sathe
BUSINESS
Restrictions on bancassurance might not be a great step, says HDFC Life's Vibha Padalkar
Talks about the restrictions on bancassurance has surfaced after Finance Minister and IRDAI Chairman spoke about the banks selling insurance more than their core banking products.
BUSINESS
Tailored insurance products needed to bridge middle-class coverage gap, says NIACL Actuary
The middle class represents a vast untapped market needing innovative, tailored insurance solutions to bridge the gap between existing products, and their lifestyle and financial aspirations, says Ramnarayanan
BUSINESS
'Insurance for all' by 2047 challenging at current industry pace, says expert
Speaking at the 18th IR India Rendezvous on January 22, 2025, T L Alamelu noted that while there is a readiness in terms of distribution and ecosystem, the actual implementation has been slow.
BUSINESS
Indian Overseas Bank targets Rs 2,500 crore recovery in Q4, expects major recovery from key accounts
In the period between April and December 2024, the recoveries reached Rs. 1,855 crores, which is a 30.92% increase compared to Rs. 1,417 crores in the same period last fiscal year.
POLITICS
Tamil Nadu's mid-day meal: A recap of the 100-year-old scheme
The state has a long history of providing food to the school children — an initiative that improved the attendance and reduced malnutrition among socially struggling children.
POLITICS
Karnataka Elections 2023: Will BJP retain its position in Shivamogga with Yediyurappa, Eshwarappa out of electoral politics?
The winning party requires 113 seats to form the Government in Karnataka out of 224 seats.
POLITICS
Karnataka Polls 2023: Here's why ex-Bengaluru Police Chief sought aid from rowdy sheeter 'Silent Sunil' during Karnataka Polls 2023
On April 11, 2023, Bhaskar Rao was given the ticket from the Chamrajpet constituency, while 'Silent Sunil' was expecting it.
TRENDS
Three years after COVID-19 shut down the world, we still don't know its origins. Here is what we know so far
Three years and 7 million deaths later, the question of how the pandemic began is still a mystery.
BUSINESS
OpenAI rolls out an API for business users; early adopters include Romania's PM
Snapchat, Shopify, Instacart, Quizlet, Speak and Ford are some of the other takers of the API.
ECONOMY
Eutelsat and Bharti-backed OneWeb’s merger: What lies ahead in the satellite connectivity market?
The MoU was signed to address the potential satellite connectivity market for both B2B and B2C segments for reliable connectivity
BUSINESS
IIBX will enable India to influence global bullion prices, says CEO
Prime Minister Narendra Modi to inaugurate India's first bullion exchange at Gujarat's GIFT City on July 29.
BUSINESS
Companies are spending more to manage business risks as keeping up is a challenge: PwC report
Regardless of industry sector, risks such as talent management, supply chain, regulatory compliance, cyber threats and ESG are likely to impact organisations’ strategies and operations.
ECONOMY
Jobs for 18-21 age group hard to come by, EPF data shows
Data shows the share of the 18-21 age group in the net EPF accounts created fell from 37.9 percent in 2018-19 to 24.1 percent in 2021-22
ECONOMY
Windfall tax 'is a very heavy amount imposed': ex-CMD of ONGC
The government has imposed Rs 23,230 per tonne additional tax on domestically produced crude oil to take away windfall gains accruing to producers from high international oil prices.
BUSINESS
IN-SPACe hopes to bump up India's space economy to $40 billion: Chairman Pawan Kumar Goenka
India can tap into the space market if more startups demonstrate the nation's ability to succeed in the space industry, which would attract more investors
BUSINESS
Space industry likely to reach $1trillion by 2040: Pawan Kumar Goenka
At present, India constitutes less than 2 percent of the global space economy
