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Need to further strengthen financial inclusion initiatives: FM Sitharaman
Finance Minister Nirmala Sitharaman As of March 19, PMJJBY has...
PMJJBY’s cumulative enrollments surge to 23.64 cr till Apr,25: Centre
“PMJJBY cumulative enrolments surged by 699 per cent, from 2.96 Cr...
No deviation in inviting ‘challenge mechanism’, RCap lender to NCLAT
The Mumbai bench of NCLT on February 2, ruled against holding a fresh round of auction for the takeover of Anil Ambani-promoted Reliance Capital and said the challenge mechanism for financial bids has already concluded New Delhi: Lenders of Reliance Capital on Friday...
LIC’s net profit jumps manifold to Rs 6,334.2 crore in December quarter
"We continue to remain focussed on creating a portfolio mix to optimise value for all stakeholders, and in that context, increasing the proportion of Non-par business in a consistent and profitable manner,'' said M R Kumar, chairperson, LIC Mumbai: Public sector...
RBI hikes rates 25 bps as expected, hints more could come
Shaktikanta Das,governor,RBI RBI projects India's GDP growth at 6.4 per cent for 2023-24 Average retail inflation in India is projected to be at 5.3 during the next financial year "The global economic outlook does not look as grim now as it did a few months ago....
RCap resolution: NCLAT issues notices to Torrent Investments, others
On February 2, the Mumbai bench of National Company Law Tribunal (NCLT) had ruled against holding a fresh round of auction for the takeover of Anil Ambani-promoted Reliance Capital (RCap) and said the challenge mechanism for financial bids has already concluded....
Budget 2023-24:Taxing Time for Life Insurers
Government aims to plug the arbitrage which HNIs and other wealthy individuals are employing to get healthy tax-free returns on their lumpy Non-Par insurancepurchases The cap of Rs5 lakh will be applicable for all policies bought across insurers. Thus, as the policy...
Adani Enterprises calls off fully subscribed FPO, to return money to investors
Gautam Adani, Chairman, Adani Enterprises Adani Enterprises nosedived 28.45 per cent to settle at Rs 2,128.70 on the exchange. Adani Group stocks have taken a beating on the bourses after Hindenburg Research made a litany of allegations in its report, including...
47.8 cr Jan Dhan accounts opened: FM
Pradhan Mantri Jan Dhan Yojana (PMJDY) is the national mission for financial inclusion to ensure access to financial services -- savings and deposit accounts, remittance, credit, insurance and pension in an affordable manner. New Delhi: As many as 47.8 crore Jan Dhan...
LIC says it has exposure of Rs 36,474.78 crore to Adani group
''Our total holding in the Adani group companies under equity and debt a on date is Rs 36,474.78 crore. This was Rs 35,917.31 crore as of December 31, 2022. Total purchase value of these equities of the group companies, bought over the past many years, is Rs 30,127...
Bajaj Finserv net income jumps 42 pc to Rs 1,782 crore
The general insurance arm's net profit declined 9 per cent to 278 crore from Rs 304 crore and that of life insurance arm's too declined 8 per cent to Rs 81 crore from Rs 88 crore. Mumbai:Bajaj Finserv, holding company of Bajaj Group's financial services businesses, on...
FSIB recommends M Jaggannath and Tablesh Pandya for 2 posts of LIC MDs
Jagannath, currently zonal manager, South Central Zone, LIC will be succeeding Raj Kumar who will be retiring tomorrow while Pandya will replace Vishnu Pattnaik who will be retiring in March end Year 2023 will see complete change of LIC’s top management, as starting...