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Bharat bandh likely to hit transport, bank services on Wednesday

Ten trade unions to go on strike to protest against changes in labour laws, but government expects minimal impact The 10 unions claim that they have a combined membership of 15 crore workers.......

SBI to divest up to 10% stake in its life insurance venture

State Bank of India on Tuesday said it plans to divest up to 10 per cent stake in its life insurance arm SBI Life. "The executive committee of the central board on Tuesday authorised divestment of......

Australian insurer IAG to raise stake in SBI General to 49%

Within days of Parliament clearing the Insurance Bill, Insurance Australia Group  has decided to increase its stake in State Bank of India's general insurance arm from 26 per cent to 49 per......

Guaranteed plans will give lower returns than FDs, debt

Last month, two life insurance companies launched plans that offered guaranteed savings and income -- SBI Life Insurance's Smart Guaranteed Savings Plan and Max Life Insurance's Guaranteed Income......

Insurance cos join hands with Visa cards for

Visa and 20 insurance companies in India have joinedhands to make paying life and general insurance premiums "faster and easier" through a range of new payment options for Visa cardholders.......

IAG pays SBI Rs 500 cr premium for non-life JV

Insurance Australia Group will pay Rs 542 crore (Rs 5.42 billion) for a 26 per cent stake in its general insurance venture, SBI General Insurance Co. The amount includes around Rs 500 crore (Rs 5......
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States award contracts for crop insurance

Under the new scheme launched by the Modi government this January, the premia paid by farmers would be reduced to 2% of the insured value for the... ...

http://www.financialexpress.com/article/economy/states-award-contracts-for-crop-insurance/246523/
Do payments banks have a viable business model?

The much awaited payments banks, created to provide financial services to millions of unbanked mainstream consumers, are getting closer to a... ...

http://www.financialexpress.com/article/fe-columnist/do-payments-banks-have-a-viable-business-model/246508/
Microsoft keen to get bigger pie in payments bank segment

General view of Microsoft Corporation headquarters at Issy-les-Moulineaux, near Paris. Photo: Reuters To tap business opportunities that the... ...

http://smartinvestor.business-standard.com/market/Compnews-381290-Compnewsdet-Microsoft_keen_to_get_bigger_pie_in_payments_bank_segment.htm
ICICI net plunges 87% to over 11-yr low as NPA provision soars

ICICI Bank today reported its worst numbers in over a decade with consolidated net profit plunging 87 per cent in the March quarter at Rs 406.71... ...

http://www.deccanherald.com/content/543398/icici-net-plunges-87-over.html
Mosquitoes take the sting out of Modi's Gujarat

You can call this the Modi after-effect. Gujarat, which prime minister Narendra Modi left behind as one of the most industrialised states in the... ...

http://www.mydigitalfc.com/insurance/mosquitoes-take-sting-out-modis-gujarat-051

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