USAA Q&A On Required Minimum Distributions (RMD)
As part of the new CARES Act, required minimum distributions (RMDs) are suspended for this year (2020) from retirement ... Read more
Home, Auto Loan Borrowers Topbeneficiaries Of Moratorium Relief
SurabhiEven as the Reserve Bank of India announced extension of the moratorium on term loans by another three months til... Read more
LIC Launches Modified PM Vaya Vandana Yojana
Life Insurance Corporation of India (LIC) on Monday announced the launch of the Pradhan Mantri Vaya Vandana Yojana (Modi... Read more
HDFC Reports 22% Fall In Q4 Net Profit
Housing Development Finance Corporation (HDFC) standalone net profit fell 22 per cent in the fourth quarter of 2019-20 t... Read more
Kotak Mahindra Bank Cuts Interest Rate By 0.50% On Savings Deposits
Private sector lender Kotak Mahindra Bank (KMB) on Monday slashed the interest rate on savings deposits by a further 0.5... Read more
HDFC Reports 22% Fall In Q4 Net Profit
Housing Development Finance Corporation Ltd’s standalone net profit fell 22 per cent in the fourth quarter of FY20 to ... Read more
Kotak Mahindra Bank Shareholders Approve Plan To Raise Capital
Kotak Mahindra Bank on Monday said it has received shareholder approval for its capital raising plans.“We would like t... Read more
IDFC First Banks Senior Management Takes 10 Per Cent Pay Cut In FY21
With economic uncertainty due the national lockdown, IDFC First Bank announced on Monday that its senior management has ... Read more
Amphan Cyclone: IRDAI Asks Insurers To Hasten Settlement Of Claims
The Insurance Regulatory and Development Authority of India (IRDAI) has directed insurers to hasten settlement of claims... Read more
Conversion Of G-Secs Into Longer-dated Securities Gets Tepid Response
The government, on Monday, got tepid response to the conversion of the 8.27 per cent 2020 government security (G-Sec) in... Read more
Nabard Extends ₹20,500-cr Special Liquidity Facility To Co-op Banks, RRBs
Our BureauThe National Bank for Agriculture and Rural Development (Nabard), on Monday, said it has extended ₹20,500-cr... Read more
DoT Plans To Finalise Agency For 4G Spectrum Auction This Week
Wireless Planning Finance Wing finds four firms technically sound to conduct e-bids Read more
Kotak Bank Launches Video KYC For Opening 811 Savings Account
Our Bureau Kotak Mahindra Bank, on Monday, announced the introduction of video KYC to open a full-fledged Kotak 811 savi... Read more
IndiaFirst Life Insurance Says No News Yet On Stake Sale By Union Bank
SurabhiGearing up for a post-Covid world, IndiaFirst Life Insurance remains upbeat about the demand for insurance and sa... Read more
Blanket One-year Ban On Fresh Insolvency Under IBC: A Boon For Corporates, But Huge Burden For Banks
Unless the RBI offers dispensation on recognition of defaults or one-time restructuring, banks could face immense pressu... Read more