Manipal Group takes a stake in Cigna TTK

Cigna has received regulatory nod from IRDAI to partner with Manipal Group.

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View: India shoots wrong general in lost war on cash

Recent RBI data showed that 99.3% of the currency made worthless was eventually returned to banks.

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Banks ask RBI to ease ATM cash management rules

The forced stocktaking of demonetised notes revealed that there were several instances of discrepancies between cash in ATMs and what was shown in the books of banks.

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SBI may kickstart setting up asset management company for loan resolution

According to the committee report, the exposure of banks towards loans of Rs 500 crore and above would be around Rs 3.6 lakh crore, of which PSBs would have an exposure of Rs 3.1lakh crore.

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Banks may face 60% haircut on power loans

Of the 34 stressed plants, it is estimated that around 10 units with a net loan of Rs 39,400 crore have been referred to the NCLT.

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Allahabad Bank hikes deposit rates by up to 50 bps

State-run Allahabad Bank announced up to 50 basis points rise in deposit rates from September in short and medium term maturities.

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Banks with over 10 branches to have internal ombudsman: RBI

The internal ombudsman scheme was introduced by the RBI to strengthen the internal grievance of banks and to ensure that the complaints of the customers are redressed.

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Home Credit campaign focuses on easy loans

The campaign communicates relatable instances from daily lives of customers and reinforces Home Credit’s positioning as a responsible lender and an active participant in the communities where it operates, the release said.

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Muthoot HomeFin announces Punarnirman Kerala

The scheme is valid till December, 31, 2018. The maximum loan term shall be for a period of 20 years. PMAY subsidy is also available for eligible cases.

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SBI responds to Singapore government initiative with remittance centre

Rupee remittance was about SGD856 million as end of last year. Thirty-five per cent of the 285,000 construction workers in Singapore are from India.

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All property dealings by Kochhars under probe

Srikrishna panel to look into dealings by Chanda Kochhar’s family after she became ICICI CEO.

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Government may give extension to Bank of Baroda chief P S Jayakumar

Jayakumar was one of the two selected from the private sector and joined the state-owned bank in October 2015.

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The mother of all banks is coming today: 10 things to know

IPPB is a public sector company under the Department of Posts and the Ministry of Communication.

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