CII-IBA Financial Conditions Index Tanks On Bank, NBFC Pessimism
The CII-IBA Financial Conditions Index (FCI) for Q1 (April-June) FY 2020-21 recorded a steep drop to below 50 for the fi... Read more
IRDAI Extends Grace Period For Paying Life Insurance Policy Premiums Till May 31
The Insurance regulator Insurance Regulatory and Development Authority of India (IRDAI) has extended the grace period fo... Read more
Pepper Farmers Sell Stocks To Settle Gold Loans
A section of pepper farmers are seen liquidating their stock to ensure a cash flow following the directive from PSU bank... Read more
Atal Pension Yojana Turns 5; E-APY To Become Reality This Year, Says PFRDA Chief
With 2.23 crore customers, the pension scheme’s corpus stood at ₹11,000 crore as of March 31, 2020 Read more
Finance Minster's Meeting With Public Sector Bank Chiefs Deferred
The Finance Minister Nirmala Sitharaman’s meeting with chief executives (CEOs) of State-owned banks slated for this af... Read more
Rural Customers Will Bounce Back Faster: MFIs
Speakers at webinar favour extension of moratorium on loan payments Read more
Covid-19: Banks Look To Float AMC To Deal With Bad Loans
Fearing a spurt in bad loans due to the impact of the Covid-19 pandemic, banks are looking to revive a two-year old prop... Read more
Sindhuja Microcredit Raises $8.7 Million In Series B Round
Sindhuja Microcredit, a rural-focussed micro finance institution, has raised $8.7 million from Norway-based Nordic Micro... Read more
80% Of Older Consumers To Adopt Digital Payment In Next 6 Months: Study
Capgemini Research Institute has come up with a study on Covid-19 and the financial services consumer analysing on how t... Read more
BFIL Facilitates ₹100 Cr Of Transactions Through Rural Distribution Service Points
These service points, or Bharat Money Stores, have made banking services available to over 5,000 villages Read more
IDBI Federal Life Insurance Net Rises 22 Per Cent To ₹162 Crore In FY20
IDBI Federal Life Insurance reported a 22 per cent increase in its net profit to ₹162 crore in 2019-20.“This is the ... Read more
SBI General Insurance Net Profit Up 23.4 Per Cent At Rs 412 Crore In FY20
Private sector SBI General Insurance reported a net profit of Rs 412 crore in 2019-20, which was a 23.4 per cent increas... Read more
RBIs Top Brass Takes Stock Of The Liquidity Situation Of NBFCs, MFs
Reserve Bank of India (RBI) Governor Shaktikanta Das, on Monday, took stock of the liquidity situation of Non-Banking Fi... Read more
American Dream: H1-B Visa Applications At A Three-year High In First Half Of FY20
Amid immigration suspension and high rejection rates in the last few years, H1-B visa applications in the first half of ... Read more
Govt Job Aspirants Face Uncertain Future As Recruitments Get Delayed Due To Covid
The Covid-19 pandemic and lockdown have pushed lakhs of aspirants of government jobs into a state of uncertainty.The Uni... Read more