Finance

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

ban on currency rs 500 1,000 1000 note modi rbi demonetization black money scrapped new notes 2000 new 500 coins legal tender rbi sit narendra atm cash counters banks queue rush cash mad

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

hannover reinsurance india irdai five companies swiss munich scor players insurance in india booming

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

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

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

Bajaj Finance sees near-term blip in credit growth

Demonetisation of high-value currencies by India is likely to drag many NBFCs' balance sheet.

Nov 15, 2016

Old Rs 500 and Rs 1,000 notes will continue to be accepted at vital places until November 14

The old notes will be accepted at crematoriums; petrol bunks operated by IOC, BP, and HP; and NHAI toll plazas until November 14.

Nov 12, 2016

New Rs 2,000 notes could take time to be issued by ATM machines; bank branches witness unprecedented rush

ATMs across the country should now be open. Check your nearest machine for new Rs 2000 notes.

Nov 11, 2016

Paytm lets you buy milk and vegetables using your debit/credit cards

Paytm fortifying its offline payment network, aims to hire over 10,000 agents

Paytm seeks to capitalise on rising demand following PM Modi's demonetisation decision.

Nov 10, 2016

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Finance

Demonetisation: New cash withdrawals, bank deposits rules

Cooperative banks severely hit due to demonetisation

LIC likely to improve market share by end of this fiscal

Global reinsurers likely to begin Indian operations soon

Are British telecoms a good investment?

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

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

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

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

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

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

Bajaj Finance sees near-term blip in credit growth

Old Rs 500 and Rs 1,000 notes will continue to be accepted at vital places until November 14

New Rs 2,000 notes could take time to be issued by ATM machines; bank branches witness unprecedented rush

Paytm fortifying its offline payment network, aims to hire over 10,000 agents

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