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Cash supply to impact asset classes

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

After banks, govt looks at merging insurance PSUs

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

Rupee rally could be short-lived: experts

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.

Rupee surges by 78 paise

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

DeMo has reinforced faith in gold: WGC

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

SBI unyielding on minimum balance fine

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

LIC’s bad loans mount in Apr-Dec 16 Rs 18,221 crore

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

Centre asks SBI to review minimum balance penalty

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

FinMin nod to ESOPs by PSBs

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

Third party premium for small cars may not rise

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

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