Category: Banking & Financial Services

Provisioning impact of draft project finance norms seen at 10-20 bps for banks

Mumbai The impact of RBI’s draft project finance norms on incremental provisioning for public sector banks is estimated to be up

Bank credit growth is expected to moderate 200 basis points (100 basis points is equal to 1 percentage point) to

TATA AIG General Insurance, a private general insurer, has rolled out Surety Insurance Bonds to support the government’s ambitious agenda

The Reserve Bank of India, on May 21, imposed a penalty of ₹1 crore on ICICI Bank for non-compliance with certain directions

Goldman Sachs has pushed back its RBI rate cut call by one quarter to October-December 2024 from an earlier predicted

CoverSure, a consumer-focussed insur-tech start-up has raised $4 million in pre-series A funding round led by Enam Holdings. The company

Life Insurance Corporation of India posted a net profit of 13,763 crore in Q4, up only 2.5 per cent year-on-year,

Incofin India Progress Fund (IPF), a private equity fund, has invested of $10 million into SaGgraha Management Services, a wholly-owned

Airtel Payments Bank has recorded 60 per cent increase in net profit for fiscal year 2023-24 at ₹ 34.5 crore,

L&T Finance aims to be among the top-three players in the electric two-wheeler financing segment as it seeks to grow