The Non-Banking Finance Companies (NBFC), especially asset financing NBFCs, are poised for growth as industry-wide auto volumes, especially passenger vehicles, tractors and low commercial vehicles
The country’s largest non-life insurer New India Assurance is all set to launch its mega initial public offering (IPO) of Rs 10,000 crore this week.
Driven by capital requirements to expand business and maintain solvency margins, the coming months may see some more non-life insurers launching their Initial Public Offering (IPO).
The banking sector is expected to report yet another quarter of subdued performance on both revenue and profitability fronts.
State-owned General Insurance Corporation of India, the country’s largest reinsurance company in terms of gross premium for FY17, will launch its Rs 11,370 crore mega initial public offering (IPO)
Listing of non-life insurance companies on the bourses has brought back the industry’s focus on profitability, which for the past decade was driven purely by topline.
Lamenting the arbitrariness of banks in pricing loans to borrowers and delaying monetary transmission, the Reserve Bank of India (RBI) is planning to bring a new external benchmark for lending rate
As widely expected, the Monetary Policy Committee (MPC) of the central bank decided to keep interest rates unchanged, shrugging off government pressure to cut rates to boost economic growth.
While the Monetary Policy Committee (MPC) of the central bank is likely to maintain a status quo on rates on Wednesday, the central bank may push banks to cut lending rates given the abundant liqui
The Monetary Policy Committee of the Reserve Bank of India (RBI) is caught in a bind as it meets over the next two days to announce the fourth bi-monthly monetary policy on Wednesday.