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BusinessToday.In
November 20, 2019
Catch the top stories from the world of business and economy with BusinessToday.In's end of day (EOD) report


PTI
November 20, 2019
The Chit Funds (Amendment) Bill, 2019 also introduces words such as \"fraternity fund\", \"rotating savings\" and \"credit institution\" to make chit funds more respectable, said Minister of State for Finance Anurag Thakur


BusinessToday.In
New Delhi, November 20, 2019
The Reserve Bank of India said that it also intends to soon initiate the resolution of DHFL under the newly approved Insolvency and Bankruptcy Rules for financial services providers


BusinessToday.In
New Delhi, November 20, 2019
Formerly known as Catholic Syrian Bank, the private sector bank aims to raise Rs 410 crore by issuing fresh equity shares and offer for sale of shares by existing shareholders


Anand Adhikari
Mumbai, November 19, 2019
The lure for people to use Jan Dhan Yojana accounts is the attached benefits, which includes no requirement to maintain any minimum balance, a RuPay debit card with overdraft of Rs 10,000 and accident insurance


PTI
November 19, 2019
Over the weekend, FM Nirmala Sitharaman had said government would bring in a legislation during the ongoing Winter session to increase the deposit insurance cover from Rs 1, but did not specify a number


BusinessToday.In
New Delhi, November 19, 2019
IDBI Bank sold its stake in IDBI Asset Management (IAML) and IDBI MF Trustee Company (IMTL) to Muthoot Finance


BusinessToday.In
November 19, 2019
Around 3.3 crore shares of SBI Life Insurance (representing 3.4 percent of the total paid-up equity) were transacted in several block deals on BSE and NSE.


PTI
New Delhi, November 19, 2019
LIC had repudiated two of Thakre's claims in 2003, saying he had suppressed information about treatment undergone for asthma prior to taking the policy


BusinessToday.In
November 19, 2019
The primary agenda of the meeting was to discuss the disposal of attached assets and associated legal procedure to raise funds for repaying the depositors and reconstructing the crisis-hit PMC Bank


Naveen Kumar
New Delhi, November 18, 2019
Insurance sector is buzzing with new innovation to cater to such micro demands


Anand Adhikari
New Delhi, November 18, 2019
The IADI recommends a minimum deposit insurance coverage of 80 per cent of the total deposit accounts and 20-30 per cent in value terms in a member country


BusinessToday.In
November 18, 2019
The last revision in the current limit of deposit insurance was effected on May 1, 1993, after the Bank of Karad collapsed in the securities scam of 1992


PTI
November 17, 2019
The bureaucrat-turned-politician said the country was in a \"mess\", which was far more serious than what was imagined six months ago, and extended beyond the economy


BusinessToday.In
November 16, 2019
With regard to deposit guarantee insurance limit hike, Sitharaman said it may not be part of cooperative bank legislation but part of some other laws


Dipak Mondal
November 15, 2019
While the basic character of the insolvency law for FSPs will remain the same, respective regulators will have a significant say in the overall process including the final approval of the resolution process


Anand Adhikari
Mumbai, November 14, 2019
Government of Singapore, which is already a shareholder in Bajaj Finance, will now have close to 4 per cent equity shareholding in the company


Sumant Banerji
New Delhi, November 14, 2019
Honda said it saw double-digit growth in retail sales during this year's festive season over last year, but it was too early to say whether the momentum would carry over the rest of this fiscal


Anup Jayaram
November 14, 2019
Corporate India strengthened its resolve and tightened its belt, but slowdown hit market capitalisation of BT 500 companies for the first time in seven years.


BusinessToday.In
New Delhi, November 14, 2019
Notably, the Supreme Court-mandated anti-pollution authority Environment Pollution (Prevention and Control) Authority, or EPCA, has ordered schools in Delhi-NCR to be closed for the next two days due to worsening air quality


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