Solvency ratio dips to 63% against norm of 150%.
08 Nov 2019 6:26 AM
The RBI has also allowed PMC Bank account holders to withdraw money from the bank's own ATMs within the prescribed limit of Rs 50,000.
06 Nov 2019 1:25 AM
LIC’s insurance agents are pushing the existing products hard, asking customers to buy them before they close on November 30.
04 Nov 2019 1:49 AM
Among the retail products that would be closed are some of LIC’s best sellers such as Jeevan Anand, Jeevan Umang, Jeevan Lakshya and Jeevan Labh.
04 Nov 2019 1:03 AM
The development follows the RBI’s central board decision to create separate supervisory and regulatory cadre.
02 Nov 2019 1:29 AM
While the bank did not name the investor, according to reports, it was Hong Kong-based SPGP Holdings.
01 Nov 2019 1:56 AM
Growth in credit cards and personal loans significantly outpaced growth witnessed in auto loans, home loans and loans against property.
31 Oct 2019 12:53 AM
Asset quality improved sequentially as well as year-on-year.
26 Oct 2019 1:25 AM
The bank’s operating profit grew 45 per cent YoY to Rs 5,952 crore from Rs 4,094 crore in Q2FY19.
23 Oct 2019 2:45 AM
A bigger boost, however, is expected from regulatory interventions, say analysts.
22 Oct 2019 1:31 AM
Crop insurance had constituted 17 per cent of the total business last year.
19 Oct 2019 2:12 AM
All the six members of the MPC had voted in favour of a rate cut.
19 Oct 2019 2:12 AM
ICICI Prudential Life Insurance reported APE growth of 5.2 per cent YoY to Rs 700 crore on a received premium basis in Sept.
16 Oct 2019 12:52 AM
The RBI and the government have announced several measures to boost liquidity for NBFCs.
08 Oct 2019 1:30 AM
NCDs are a debt instrument with a fixed tenure and people who invest in these receive regular interest at a certain rate.
07 Oct 2019 4:56 AM
The reverse repo and marginal standing facility rates are now at 4.90 per cent and 5.40 per cent, respectively.
05 Oct 2019 1:48 AM
The bank has sizable exposure to cash-strapped NBFCs, which has created a fear among investors.
03 Oct 2019 1:23 AM
Declining profitability and stretch in working capital cycles also were reasons for the downgrades.
02 Oct 2019 1:57 AM
However, economists differ on the quantum of the rate cut ranging from 15 basis points to 50 basis points.
30 Sep 2019 1:38 AM
Cash withdrawal limit raised to Rs 10,000.
27 Sep 2019 1:34 AM