Despite life insurers’ premium growth of 6% in August, policy sales drop 9%
Premium income for private insurers climbed 10.84 percent to Rs 65,410.42 crore during the period under review, up from Rs 59,013.14 crore last year. LIC, on the other hand, posted a modest 3.02 percent growth, collecting Rs 98,051.09 crore compared to Rs 95,180.63 crore a year ago
Currency in circulation set to rise during festive season, bolstered by GST cuts and Bihar election
Traditionally, the demand for currency in hand increases during the festival season between September and November, when India celebrates Ganesh Chaturthi, Navratri, Dussehra, and Diwali. Additionally, election-related spending also pushes up cash withdrawals in states heading to polls.
Rupee opens 26 paise up at 88 on easing dollar index
The rupee is expected to remain in the 87.80-88.30 range against the dollar
Data Story: How credit to small businesses has big overlaps with retail
Small businesses not only borrow on the strength of their balance sheet but also on their owner's personal capacity
Insurance forum likely to seek clarity on input tax credit and GST exemption from IRDAI, Centre
Sources say, insurers may be fearing the possibility of customer grievances if refunds are delayed or denied, while actuarial teams face the challenge of recalculating projections for policies spanning across the transition period
India is Asia’s 3rd largest, fastest growing market for sustainability finance, says DBS Bank’s Chief sustainability officer Helge Muenkel
Businesses waiting to shift from being fossil fuels guzzlers to green units would be the focus and the sweet spot for DBS Bank's 'transition finance', says Helge Muenkel
Ujjivan Small Finance targets Rs 1 trillion loan book by FY30, stocks soar 3 percent
This growth will be supported by an expansion of the bank's branch network from 752 to nearly 1,150 branches, Ujjivan said, adding that it aims to increase cross-selling to its customer base, including offerings such as IPO-ASBA, insurance, mutual fund distribution, remittances and co-branded credit cards.
Emirates NBD, Fairfax, Kotak Bank, Oaktree likely to bid for IDBI Bank
According to sources, financial bids for IDBI Bank is likely to be sought in October. Kotak Mahindra Bank said to have renewed its interest in the bidding process, extensive diligence underway.
Bank holiday today: Are banks closed in your city on September 8 for Eid-e-Milad?
The Reserve Bank of India (RBI) declared September 8 (Monday) as a public holiday, instead of the earlier declared September 5 (Friday).
IDBI Bank divestment is moving fast, will likely conclude by FY26: FM Nirmala Sitharaman
During an interview with Network 18 Group Editor-In-Chief Rahul Joshi, the finance minister hinted that more such stake sales can happen in the future.
Indian rupee slips to fresh low of 88.3613 against dollar on likely foreign selling, tariff pressure
Year-to-date, the rupee has lagged its Asian peers, weakening by about 2.85 percent in 2025.
Indian rupee opens 5 paise higher at 88.10/USD as Dollar Index eases
The dollar index, which measures the greenback's strength against a basket of six major currencies, fell to 98.112 in the morning from the previous close of 98.347.
Chart of the Day: It is not banks but shadow banks that power India’s MSMEs
India’s MSMEs approach NBFCs more than banks for loans, given the latter’s nimbler credit underwriting approach
GST cuts to boost demand but won’t trigger credit growth as banks remain cautious over tariffs
Despite the GST relief and the upcoming festive season, lenders are exercising caution, with analysts expecting credit growth to remain largely unchanged amid trade-related uncertainties.
GST relief on health premiums may nudge insurers, companies to revisit India Inc’s employee benefits
With the GST Council continuing to levy 18 percent tax on group health policies, employers may scale back group coverage and shift toward allowances for individual insurance coverage plans.
Credit growth stands at 10.03 %, deposits outpace at 10.22%
The investment of banks in the central and state government securities grew 2.4 percent year-on-year to Rs 65.17 lakh crore as on August 22.
GST reform a timely stimulus, may pave way for further RBI easing, say economists
Experts believe the GST reform will act as a cushion against tariff-related uncertainties, and should the US levies ease, the combined tailwind along with Centre's fiscal support and easier monetary conditions could lift confidence across manufacturing supply chains.
Insurers expect surge in small-ticket policies after GST cut, bet on higher adoption with affordable premiums
Lower entry costs will encourage first-time buyers to consider insurance policies both in life and general plans, and wider adoption and a large customer base is where we see real growth and potential, say industry leaders.
Ex-IndusInd CFO seeks removal of board Chairman, says report; stock falls 1%
In his letter to PM Modi, cited by the Economic Times, Gobind Jain said he was the only executive to detect the lapses and had fought a "lone battle" to highlight them.
Bond yields drop at the open after GST council adopts two-slab structure, slashes prices
The cut in GST is aimed at spurring consumption ahead of the festive season, even as Trump's tariffs threaten the country's exports
Indian rupee faces sharper decline against Euro, Pound, and Yen in 2025 amid global and domestic pressures
According to Bloomberg data, the rupee has weakened by 13.6 percent against the Euro, 9.3 percent against the Pound, and 8.4 percent against the Yen. In contrast, it has declined only 2.73 percent against the US dollar year-to-date.
Rupee opens flat at 88.16 against dollar as tariff uncertainty continues
The dollar index, which measures the greenback's strength against a basket of six major currencies, rose to 98.485 in the morning trade after ending the previous session at 98.397
JPMorgan to boost corporate banking in India on investment jump
JPMorgan, which counts India and Japan as its two fastest-growing Asian markets in terms of revenue from corporate banking, expects no let-up in growth despite Washington doubling tariffs on many Indian imports to 50%.
Indian bond yield ends 3 bps down amid short covering, FPI buying
Indian bond yield has been under pressure since last few weeks, especially after the announcement of the GST reforms by the government.
