Tuesday, May 18, 2021

RBI Appeals To Supreme Court To Allow Banks To Classify Bad Loans

The Reserve Bank of India has appealed to the country's top court to let banks classify loans as nonperforming, saying a ban imposed to...

Atal Beemit Vyakti Kalyan Yojana Extended; Relief Enhanced To 50% Of Average Daily Earning

The beneficiaries of the Atal Beemit Vyakti Kalyan Yojana can heave a sigh of relief as the Employee State Insurance Corporation (ESIC) has announced...

LIC Pradhan Mantri Vaya Vandana Yojana: Pensions, Premiums

Life Insurance Corporation (LIC) of India, which offers various insurance plans like endowment plans, money back plans, term insurance plans, also offers pension plans....

Equity Mutual Funds See Outflows Of ₹ 734 Crore In September

Equity mutual funds witnessed an outflow of ₹ 734 crore in September, making it the third consecutive monthly withdrawal, mainly due to pull-out from...

Banks Show Revival In Loan Growth Amid Concerns

Indian banks are loosening their purse strings and lending more as pent-up demand surfaces in the Indian festive season, though growth is still nearly...

Paying 1% GST Liability Will Affect Less Than Half Assessees: Finance Ministry

With apprehensions being raised in social and print media about the requirement of a mandatory cash payment of at least one per cent of...

LIC New Jeevan Anand Plan: Premium, Sum Assured,Eligibility

Life Insurance Corporation (LIC)'s New Jeevan Anand plan comes with a dual benefit of protection and savings. The plan pays the surviving policyholder a...

Banks Told To Credit ”Interest On Interest” To Borrowers, RBI Tells Supreme Court

Banks, financial and non-banking financial institutions have been asked to take "necessary actions" to credit into the accounts of eligible borrowers by November 5...

Government Issues Guidelines On Loan Relief, To Implement Scheme By November 5

The government has said that it will implement a loan relief scheme by November 5, aimed at helping borrowers during the coronavirus pandemic, and...

Government Likely To Report Current Account Surplus For Current Fiscal Year: Chief Economic Adviser

The government is likely to report a current account surplus at the end of the current financial year ending in March 2021, mainly led...

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Warren Buffett’s Berkshire Hathaway breaks up with 32-year long holding Wells Fargo

Berkshire Hathaway Inc has sold nearly all of its holdings in Wells Fargo & Co, as Warren Buffett abandoned a more than 31-year-old investment...

Edelweiss General Insurance launches IPOS, an end to end partner onboarding solution

InsurTech start-up Edelweiss General Insurance (EGI), has launched yet another industry first digital offering, IPOS (Integrated Partner On-boarding Solution). This is a fully automated onboarding solution for...

Migsun beats lockdown, achieves sales amounting to Rs 80 crore in 21 days

Migsun Group, one of the leading real estate developers of NCR, has announced that it has sold over 150 units amounting to approximately Rs...