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Here is a masonry blog layout with no sidebarSBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI
SIBs are perceived as banks that are 'too big to fail (TBTF)'. This perception of TBTF creates an expectation of government support for these banks in times of distress. Due to this perception, these lenders enjoy certain advantages in the funding markets. Mumbai: The...
Assets under management of NPS, APY cross Rs 6.99 lakh cr: PFRDA
NPS, which mainly caters to organised sector employees, is segmented into central government, state government, corporate sector employees, all citizens model and NPS Lite New Delhi: Total assets managed under NPS and APY, the two flagship pension schemes of the...
COVID-19 insured loss of $44 bln is third largest catastrophe loss -Howden
"There's only so much event cancellation coverage out there, there’s only so much civil action coverage out there, and when you get to $40 billion, that's pretty much exhausting what was underwritten,” said David Flandro, head of analytics at Howden London: Insured...
Jan 1 Renewals: Late placements and nat cat losses see mixed outcomes, Gallagher Re
The market appears to have moved on from the Covid-19 claims of 2020 as primary companies’ claims reserves stabilise and reinsurance recoveries start to move through the market with an increasing number being settled Reinsurers have managed to achieve further...
Devas case: AAI taking legal recourse against Canadian court’s order to seize USD 30 million
In a statement on Monday, a spokesperson of Devas Multimedia said an amount of over USD 30 million, which was held by global airlines body IATA on behalf of the AAI, has been seized by Devas Multimedia's shareholders following a Canadian court order New Delhi: The...
Surge in cases indicative of third Covid wave in India: Expert
Noting that in the major metro centres and the surrounding regions, the new variant of the virus is accounting for over 50 per cent of the fresh cases. The galloping increase in the number of Covid cases over the last one week is indicative of the third wave, as is...
Equity investors’ wealth jumps by Rs 4.76 trillion in first 2 trading days of 2022
"If the FII buying yesterday is an indication of their renewed interest in India, financials particularly the leading banks, are likely to continue the momentum witnessed yesterday," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services In...
Omicron cases are hitting record highs, but now may have a silver lining
The data, some scientists say, signal a new, less worrying chapter of the pandemic Several factors appear to have made the omicron variant less virulent, or severe, than previous waves of Covid-19. One factor is the virus’ ability to infect the lungs A string of new...
Jan 1 renewals: majority of placements were orderly,Guy Carpenter
Capacity was ample for many lines but more constrained for retrocession and some components of property, including loss-impacted lower catastrophe layers and aggregates.Capacity for cyber aggregates was also limited Emerging risk factors, including climate change,...
Investors want $2.5 bln in class action over Bayer’s Monsanto deal
The law firm said that as of Dec. 30, the sum covered lawsuits from about 320 investors, both institutional and retail, that had been filed with the district court in Cologne. This represents a significant jump from the 250-plus investors demanding damages of more...
Apple becomes first company to hit $3 trillion market value
The world's most valuable company is the first to reach the milestone as investors bet that consumers will continue to shell out top dollar for iPhones, MacBooks and services such as Apple TV and Apple Music. Apple's march from $2 trillion to $3 trillion in market...
RBI releases framework for offline digital payments
The acquirer should incur all liabilities arising out of technical or transaction security issues at the merchant's end. The RBI emphasised that offline payments will be covered under the provisions of its limited customer liability circulars Mumbai: To push digital...
Census unlikely anytime soon as fear of 3rd wave of Covid looms large
The total number of districts in the country in 2011, when the last census was conducted, was around 640. India now has about 100 more districts The number of statutory towns stands at 4,657 -- up from 4,041 in 2011 and the number of census towns is 5,050 -- up from...
Covid-19: Centre allows WFH for 50% of its staff below under secretary-level
Central government officers/staff will have to follow staggered timing to avoid overcrowding in the offices, the order said New Delhi: The Centre has allowed 50 per cent of its employees below the level of Under Secretary to work from home amid rising coronavirus...
IRDA proposes pay cut for insurance CEOs in case company underperforms financially, mulls tenure limit at15 yrs and age limit at 70 yrs
The variable remuneration should be reduced where there is deterioration in the financial performance of the insurer. The deterioration in the financial performance should generally lead to a contraction in the total amount of variable remuneration, which can even be...
Insurers have to pay claims for treatment of Covid -19 cases with Omicron variant :IRDAI
The insurance companies have put in place effective coordination mechanism with all their network providers (hospitals) for the purpose of making available seamless cashless facility to all policyholders in case of hospitalisation if any and render speedy services to...
Study examines best time to make your investment decisions
"What we found was when individuals evaluated an investment opportunity at a time that conflicted with their body's natural internal clock -- for example, a morning person or lark making a decision late in the day or evening -- they tended to make poor choices," said...
India reports 33,750 new COVID-19 cases in last 24 hrs, Omicron tally rises to 1,700
India reported 33,750 new COVID-19 cases and 123 deaths in the last 24 hours, informed the Ministry of Health and Family Welfare on Monday. According to the ministry, the number of Omicron infections stands at 1,700 and it has spread to 23 states. Maharashtra is the...