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![LIC’s tepid show pulls life insurers’ new business premium down 5% in Oct](https://szeneputzen.de/wp-content/uploads/2022/03/money-6947204.png)
Private life insurers total APE and individual APE up 19% and 23% respectively After recording impressive growth in September, new business premiums (NBP) of 24 life insurance companies degrew 5 per cent year-on-year (YoY) in October, mainly due to Life Insurance Corporation (LIC) of India’s muted performance. In October, the[...]
![Banks hire scores of oversight agencies to keep tabs on end-use of loans](https://szeneputzen.de/wp-content/uploads/2022/03/target-6727011.png)
On the tepid credit growth, Kumar said he expects some pick up during the second half With increasing cases of fund diversions, banks have come together and empanelled as many as 83 oversight agencies to keep a tab on the end-use of loans, State Bank chairman Rajnish Kumar said Thursday. The chairm of the[...]
![Banks hire scores of oversight agencies to keep tabs on end-use of loans](https://szeneputzen.de/wp-content/uploads/2022/03/payment-5695697.png)
On the tepid credit growth, Kumar said he expects some pick up during the second half With increasing cases of fund diversions, banks have come together and empanelled as many as 83 oversight agencies to keep a tab on the end-use of loans, State Bank chairman Rajnish Kumar said Thursday. The chairm of the[...]
![After rising 1,500%, IndusInd bets on microfinance firm buy to extend gains](https://szeneputzen.de/wp-content/uploads/2022/03/money-29047.png)
Acquiring India's largest micro financier gives the bank presence in more than 115,000 villages that will increase its cross-sell, lending and low-cost deposit mobilisation efforts IndusInd Bank Ltd, India's best performing lender in the past decade, is counting on its acquisition of a microfinance firm to help it improve profitability,[...]
![Govt’s steps to ease NBFC liquidity crisis too short-term: Fitch report](https://szeneputzen.de/wp-content/uploads/2022/03/man-5800290.png)
The report, however, said NBFCs will benefit more from the Rs 70,000 crore recapitalisation of state-owned banks, which will increase their capacity to lend more The government measures to provide partial credit guarantee to public sector bank on their asset purchases from NBFCs can ease funding pressure only for the short-term, says[...]
![Inflationary fears: Rupee hits record low at over 77 against Dollar](https://szeneputzen.de/wp-content/uploads/2022/03/money-1574450.png)
High commodity prices as well as outflow of foreign funds from equity markets dragged Indian rupee to a new record low against the US Dollar. Accordingly, rising prices of crude oil along with other commodities triggered by the Russia-Ukraine war had kept a weak pressure on the rupee. The Ukraine crisis pushed Brent[...]
![Richard Turrin on China’s official digital currency](https://szeneputzen.de/wp-content/uploads/2022/03/chart-6164414.png)
In a chat with Business Standard's Vikram Gopal, author and fintech expert Richard Turrin tells about how China is moving ahead with its digital currency. He also clears some air on its Indian version Q1: Richard, why don’t you start off by sharing what does China’s fintech landscape looks like?[...]