LIC serves over 29 crore policies with an asset base of more than Rs 31 lakh crore and over 70 per cent of the market share

India coronavirus latest coverage live: According to Ministry of Health and Family Welfare, the total confirmed cases of coronavirus, as on April 1, 2020, 7:30 pm, stand at 1,834

Sensex, Nifty Live News Today: In March month, Sensex and Nifty have declined by 25%. The coronavirus is guaranteed to throw the world into recession, and economists are becoming less convinced about the potential for a strong snapback in growth.

LIC has relaxed the premium payment deadline to help its policyholders who are unable to pay the insurance premium on time due to COVID-19 outbreak

CII has written to Prime Minister Narendra Modi seeking a fiscal stimulus of 1 per cent of the GDP amounting to Rs 2 lakh crore to needy citizens through Aadhaar-based direct benefit transfer

BT-MT honours the best in India's financial services

According to respective regulatory filings, ICICI Bank will invest Rs 1,000 crore, Axis Bank will pump in Rs 600 crore, and Kotak Mahindra Bank will give Rs 500 crore to revive the cash-strapped Yes Bank

Yes Bank along with SBI is in discussions to raise capital, RBI-appointed administrator Prashant Kumar said while assuring that depositors' money is absolutely safe

The GST Council is likely to rationalise tax rates on mobile phones, footwear and textiles and two other sectors and defer implementation of the new return filing system and e-invoicing in its meeting on March 14.

SBI economists doubted the efficacy of rate cuts in invigorating demand and believe that a better tool can be reducing indirect taxes to lift consumer sentiment.

The finance ministry has flagged 17 'areas of dissatisfaction' with Infosys-designed GST Network like transition issues for taxpayers in Jammu and Kashmir, Aadhaar verification and lack of scalability of servers

Mega consolidation would help create banks with scale comparable to global banks and capable of competing effectively in India and globally

RBI guidelines prohibit any shareholders from owning more than 10 per cent stake in a private bank, and LIC already has 8.06 per cent in Yes Bank

While you will have to make alternative arrangements for the short-term, you must know your money in the YES Bank account is safe

The SBI and LIC together are likely to pick up a 49% stake in the private sector lender, where both will acquire a 24.5% stake each by procuring preferential shares at Rs 2 per share

Coronavirus live news update India: Both Egypt and South Africa reported their first cases of coronavirus infections, almost three month after the outbreak was first identified

HDFC Bank also bagged the 'Best Large Bank' and 'Best Fintech Engagement' award, whereas SBI won the award for 'Best in Rural Outreach'

Here are the winners of the BT-MT Financial Awards and how they made it to the top

Stocks to watch today on February 24: YES Bank, Cipla, Tech Mahindra, Escorts among others are the top stocks to watch out for in Monday's trading session

Share Market Update: BSE 30-share S&P Sensex ended 152 points lower at 41,170 and NSE 50-share index Nifty50 closed 45 points lower at 12,080.