India's huge digital prowess and potential will play a huge role in enabling digital lending, says Romita Majumdar.
'Those who come from outside are surprised at the relatively small strength of the RBI supervisory cadre, relative to the needs of the country and the needs of the financial sector.'
Sebi has long struggled with balancing the needs of small investors and those of the market.
Lending on peer-to-peer platforms is fraught with higher risks but investors can earn as much as 12% to 36%.
PM extended some old schemes and finally said yes to one that was legally mandated for past 2 years.
Mergers to create at most six state banks
This September, Sachin Bansal picked 94 per cent stake in microfinance company Chaitanya Rural Intermediation Development Services. His immediate plan is to scale up the company's operations as quickly as possible without making much investment in physical infrastructure and by leveraging technology.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
As part of a cost-cutting plan, the bank is now dismantling its stock broking, equity research, and equity listing desks worldwide.
Either you are buying insurance policy online or through an agent, getting a better understanding about it will always be beneficial for you, says Harjot Singh Narula
'In plain simple English, these practices amount to a looting of our country's future by some in the business community, in cahoots with some lenders,' says RBI Governor Dr Urjit R Patel.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
The clean-up process begun by the Reserve Bank of India runs the risk of spiralling out of control.
The patience, discipline, and resolve displayed by 125 crore Indians, will play a critical role in shaping the future of the nation for years to come, the PM said.
Raise the amount of life cover you own if your liabilities and responsibilities have increased during the year, says Arvind A Rao.
Experts suggest that it's best to go for the bundled product that has only one-year own damage cover.
The cover will pay only for the construction cost of the building.
The bank wanted to run a background check on some Indian promoters.
Despite the rating agency CARE withdrawing the ratings assigned to the bank facilities of FIPL "with immediate effect" following the receipt of a no-objection certificate (NOC) from the banks, Modi's company received uninterrupted letters of undertaking (LoUs) from PNB, which were honoured by other banks until a few weeks ago.
IRDA suggested that health insurance should cover alternative treatments.
Market leaders in this line of business - New India Assurance and Tata AIG - have begun to reassess the premium on risk exposure of their portfolio in the director's and officer's liability business.
Shikha Verma explains how child insurance plans can help you achieve your child's financial dreams.
The biggest surprise for customers, at the time of claiming, is the fact that they will get only depreciated value of the product.
Much of the tardy reaction to competition is the result of LIC's legacy.
