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RBI keeps repo rate at 6%, flags inflation risks

by AIP Online Bureau | Feb 7, 2018 | Indian News

Mumbai: The Reserve Bank kept the repo rate- the rate at which the central bank lends to banks – unchanged at 6 per cent for the third consecutive time today in view of firming inflation.   The reverse repo rate, the rate it pays banks for parking surplus...

Competitive climate broadly remains unchanged across Asia-Pacific markets:Hannover Re

by AIP Online Bureau | Feb 7, 2018 | International News

Hannover: Hannover, world’s third largest reinsurer, has said all in all, 1 January the renewal season passed off successfully for the company   The treaty renewals as at 1 January 2018 were shaped by the very substantial natural catastrophe losses of 2017,...

Private sector is committed to engaging with the Government on NHPC

by AIP Online Bureau | Feb 7, 2018 | Health, Indian News

  Leading healthcare providers Apollo Hospitals and Fortis Healthcare have said private sector can play a key role in ensuring quality healthcare in the country as it lauded the National Health Protection Scheme announced by the government.   "In my...

Government admits to Aadhaar’s misuse for committing banking frauds

by AIP Online Bureau | Feb 6, 2018 | Indian News, Risk Management

  NEW DELHI:  The government on Tuesday admitted that there had been incidents of money being fraudulently withdrawn from bank accounts using the customers' Aadhaar number.  As per the information, at least six such cases had been reported by four...

Stock market plunge washes away nearly Rs 5 trillion investor wealth

by AIP Online Bureau | Feb 6, 2018 | Indian News

Mumbai: Benchmark indice pared losses after sliding more than 3% in intra-day trade a global market rout whacked sentiment, adding to existing investor concerns ahead of Reserve Bank of India (RBI) meeting this week to review key rates.   Investors lost...
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