Top officials said asking employees other than the fund management team to mandatorily invest a fifth of their salary goes against the principle of natural justice.
'We will see a kind of disaster which the country has not seen in the last 100 years.'
Because of the slowdown, GIC's housing loan disbursement had been 'static', but it would pick up by the second half of this fiscal. Till september this year, the disbursal was Rs 290 crore (Rs 2.9 billion), M Sivaraman, managing director, told reporters in Kochi on Monday night.
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
The country's largest life insurer has been inundated with applications from companies, including heavyweights such as Reliance, as the deepening credit crisis forces India Inc to look for new sources of funds. Many companies are issuing NCDs largely to meet their working capital requirements as well as long-term capital expenditure plans.
The government today expanded the three-member Satyam board to six to include S Balakrishnan of Life Insurance Corporation, Tarun Das, chief mentor of the Confederation of Indian Industry and T N Manoharan, former president of the Institute of Chartered Accountants of India.
The government must expand the farm insurance cover and advice banks and financial institutions to settle crop insurance claims in the drought-hit areas without delay.
'Mr Modi has inherited a system that taxes businessmen and fritters the money away over ministries.'
SBI, LIC and HDFC, have showed double digit growth.
Instead of being carried away by Friday's historic election verdict, savvy investors were seen taking money off the table, after the benchmark Sensex rallied about 1,500 points in intra-day trade.
Before considering reducing the freedom of private investors in the derivatives market, we need to check if the maladies in markets elsewhere exist in India, says Susan Thomas.
The current valuation is 38 per cent higher than the 10-year average of 22x and over 50 per cent higher than the 20-year average of around 20x.
Insurer likely to support Ratan Tata; reduction in stake might have been profit booking.
Earlier norms on para-banking activities stated that investment by a bank in a subsidiary company, financial services company, financial institutions and stock and other exchanges could not exceed 10 per cent of its paid-up share capital and reserves. On a cumulative basis, the limit was fixed at 20 per cent of the bank's paid-up capital and reserves.
Sebi to fix promoters' side deals with PE investors
Many people struggle to claim or liquidate investments and insurance policies due to procedural issues.
Check out the new schedule for the CA exams held by the Institute of Chartered Accountants of India.
Mop-up misses target as big FIIs skip issue.
Belying all expectations, the Trinamool Congress registreted a landslide victory in West Bengal assembly elections, overcoming the might of the Bharatiya Janata Party after a bitter campaign that had turned into a virtual duel between Chief Minister Mamata Banerjee and Prime Minister Narendra Modi.
Retail investors usually get caught up in the frenzy of a bull market and burn their fingers in IPOs, warns Tinesh Bhasin.
'One thing I've learned about nuclear power is that these are not fast kind of time-lines.'
Be well prepared. Support your argument clearly, precisely.
Share prices of the two top stock exchanges - the Bombay Stock Exchange and the National Stock Exchange - are expected to rise after the Securities and Exchange Board of India proposed to allow domestic institutional investors, insurance firms and banks to hold up to 15 per cent stake in these exchanges as against the current limit of 5 per cent.
'We have great demographics, and are the fastest growing large economy. And we save.' 'All of which is great for financial services,' Aditya Birla Capital CEO Ajay Srinivasan tells Niraj Bhatt.
While no exact dates have been announced yet, the flights could take off from San Francisco, New York, Chicago and Washington DC, the officials said.
Most farmers depend on rainwater for farming.
The banking regulator is seeking an early exit mechanism for private banks under Prompt Corrective Action.
The Institute of Chartered Financial Analysts of India University, Tripura has announced admission to various degree and post degree programmes.
'Everyone wants that doctors should fight from the frontlines of the pandemic, but there's no reaction from the government when they fall ill or even die because of it.'
The employees associations of Industrial Finance Corporation of India have requested the government to merge it with a strong bank or financial institution.
Sebi has amended the regulations on foreign institutional investors to treat overseas-registered or incorporated pension funds, mutual funds, investment trusts, insurance companies as FIIs.
The budgetary allocation for the sector is Rs 60,908.22 crore, with Rs 6,400 crore earmarked for the centre's flagship health insurance scheme Ayushman Bharat- Pradhan Mantri Jan Arogya Yojna (AB-PMJAY).
The size of the banking software application market globally is estimated to be at about $75 billion in 2007. The market is growing at about 5 per cent a year.
It has so far managed to raise only Rs 1,700 crore (Rs 17 billion), by divesting a 5% stake in Steel Authority of India.
The Institute of Chartered Accountants of India's Professional Education-I, Professional Education-II and Final examination will be held from November 1.
Satellite analysis can assess vegetation cover down to field level.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
According to a senior official, Sebi has written to various stakeholders under its jurisdiction with regard to the requirement of FIs to report under CRS.
