Demonetisation disrupted the cash ecosystem in which some of the niche Non-Banking Finance Companies (NBFCs) operate. While the third quarter ended December 16 results was a mixed bag for
The government’s plan to list four state-owned insurers and one reinsurer might have to wait as it looks at the possibility of consolidation. Sources in department of investment and
The rupee strengthened for the second consecutive session to hit a fresh 16-month high against the US dollar on the eve of a widely anticipated US Federal Reserve rate hike.
In sync with a surge in stocks the rupee on Tuesday appreciated by 78 paise against the US dollar. The domestic currency closed at 16-month high of 65
Demonetisation has tested people’s faith in fiat currencies and in turn reinforced their faith in gold finds World Gold Council.
Fiat currencies are those not backed by a physical
There seems to be no respite for crores of savings bank account holders of State Bank of India (SBI), as the lender remains firm on its decision to levy penalties
While bad loans of banks have attracted much attention, not many are aware stressed assets of the Life Insurance Corporation of India (LIC), the public sector insurance behemoth, too are
Amidst public uproar against banks proposing steep increase in cash transaction charges, the government has asked the country’s largest lender SBI to reconsider its decision to levy penalty for non-maintenance
The Narendra Modi government has agreed in-principle to allow public sector banks to offer stock options to their employees from next financial year – a move that is aimed at
Regulator Irdai has proposed up to 50 per cent increase in insurance premium for cars, motor cycles and commercial vehicles from April 1.
However, there is no proposal to raise