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Home, farm loan borrowers get 60 days extra to repay as RBI eases norms

The relaxation is applicable on dues worth up to Rs 1 crore payable between November 1 and December 31 2016, says RBI.

Nov 22, 2016

Debt funds turn attractive as returns soar after demonetisation

With falling bond yields after the demonetisation, debt funds in mutual fund space have witnessed a surge in returns recently.

Nov 21, 2016

Loan defaults in tractor, construction equipment space remain high: India Ratings

However, recovery in commercial vehicle space has improved in recent months on rising economic activity, the agency noted in a report.

Nov 21, 2016

RBI proposes Sharia-compliant 'Islamic window' in banks

The RBI said given the challenges involved in Islamic banking, it may be introduced in India in a gradual manner.

Nov 20, 2016

Demonetisation: New cash withdrawals, bank deposits rules

Here are the top six new rules, which will be applicable following the move on demonetisation.

Nov 20, 2016

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Cooperative banks severely hit due to demonetisation

With restriction on deposits and replacement of old currencies, banking operations at rural cooperative banks have come to a grinding halt.

Nov 19, 2016

Life Insurance Corporation LIC premium insurance bima diamond plan money back

LIC likely to improve market share by end of this fiscal

With 31 percent rise in premium collections in April-October period, LIC is likely to surpass last fiscal's growth figures.

Nov 18, 2016

Play

Are British telecoms a good investment?

Despite recent strong results for both Vodafone and TalkTalk, there are reasons to be cautious before investing in British telecoms companies.

Nov 17, 2016

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Global reinsurers likely to begin Indian operations soon

Insurance regulator IRDA has asked five global insurers along with one Indian private insurer to bring in capital before giving its final nod for starting Indian operations.

Nov 17, 2016

SBI Life Insurance posts 5% rise in net profit at Rs 428 crore in H1 of FY17

Currently, India's life insurance market is dominated by public sector life insurer Life Insurance Corporation of India (LIC) with around 48 percent market share.

Nov 17, 2016

Demonetisation: Families can now withdraw up to Rs 2.5 lakh for weddings; Rs 2,000 limit on old notes' exchange

Farmers can withdraw upto Rs 25,000 per week against the crop loans sanctioned and credited to their accounts.

Nov 17, 2016

Mutual fund industry clocks 3% rise in AUM in October on higher inflows

Apart from income funds, equity funds and equity-linked savings scheme (ELSS) also saw good inflows in October.

Nov 16, 2016

SBI writes off Kingfisher Airlines' loans from balance sheet; transfers loan to another account

This write-off will allow the public sector lender to take out the loan from the balance sheet with an option to pursue recovery from the promoter.

Nov 16, 2016

Don't see bad loans rising in current fiscal: Bank of Baroda

The public sector lender plans to recalibrate all its ATMs by November 25 for dispensing new Rs 500 and Rs 2,000 notes.

Nov 16, 2016

Premium collection of general insurers jumps 32% on healthy motor insurance growth

The rise in gross written premium collections during April-October period for private sector firms was higher than the public sector firms.

Nov 15, 2016

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