by AIP Online Bureau | Dec 17, 2021 | Indian News, Life
“It has also come to our notice that certain unscrupulous service providers and agents have created websites and Apps whereby they are attempting to provide various services such as ‘Insurance and Insurance Advisory Services’ to customers using our...
by AIP Online Bureau | Dec 5, 2021 | Indian News, Life
The percentage of gross NPA is 7.78 percent while the net NPA is 0.05 percent at the end of March 2021. This is lower than gross NPA of 8.17 percent (as a percentage of its debt portfolio) and net NPA of 0.79 percent in the previous year Mumbai:Ahead of its proposed...
by AIP Online Bureau | Dec 1, 2021 | Indian News, Life, Policy
The 10 underwriters will reach out to as many as 40 global firms about two weeks later than planned, the people said, asking not to be identified discussing private details. That’s because several of these firms were key investors in the IPO of fintech giant Paytm,...
by AIP Online Bureau | Nov 29, 2021 | Banking & Bancassurance, Indian News, Life, Policy, Regulation
”Kotak Mahindra Bank has received an intimation from Life Insurance Corporation of India (LIC) stating that the Reserve Bank of India had granted its approval to LIC, for increasing its holding in the bank up to 9.99 per cent of the paid-up equity share capital...
by AIP Online Bureau | Nov 16, 2021 | Eco/Invest/Demography, Indian News, Life
Banks plan to file the draft IPO prospectus with the markets regulator by the first week of December, once the embedded value of the firm is finalised, the people said. The government may also allow foreign direct investment in LIC to ensure a diversified and strong...
