Mahindra Insurance Brokers Ltd. (MIBL), the insurance arm & subsidiary of Mahindra Finance is embarking on a major digitisation drive within three business modules, Motor, Health & commercial lines to enhance growth. This even as the pandemic seems to have fast-tracked the health insurance industry growth over the last couple of years and is expected to overtake motor insurance by 2025.
If Vijaykumar gets items (computers, furniture, AC, etc) worth Rs 60,000 in a year, her tax will reduce by around Rs 11,200. Vijaykumar has group medical cover, but her parents are not included. If she buys a medical plan for them for Rs 40,000, she can save Rs 8,300 in tax.
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) is the world's main banking messaging service which links around 11,000 banks and institutions in more than 200 countries, including India. Based in Belgium, the SWIFT system is considered central to the smooth functioning of global finances and Russia's exclusion from it would hit the country hard.
The nine-month Directors' Development Programme (DDP) is designed for the directors of the PSBs and financial institutions with the key objective of enhancing director effectiveness to increase their impact on the boards, the BBB said in a statement.
Prior to this appointment, Chugh was CEO and managing director of Ujjivan Small Finance Bank. He joined there from HDFC Bank where he served as the Group Head of Digital Banking.
Last month, HDIL had informed that its resolution professional has received 16 bids from nine applicants to acquire the company.
At a high-powered meeting with select banks, the RBI sought suggestions from top executives on conducting payment settlements with Russian lenders in the current scenario, sources familiar with the development told ET. Bankers attending the meeting could not come up with an immediate solution, they said. The RBI did not respond to ET's queries. The US has put fresh sanctions on Russia's VTB Banking, snapping the lender's access to the global financial payments system.
While the central bank may be keeping policy rates unchanged, lenders have to lure depositors with higher rates from real assets such as gold and real estate, considered natural stores of value to beat inflationary pressures.
SBI Capital Markets and BoB Capital Markets are locked in a tough battle to be a process advisor to the committee of creditors (CoC). This is a crucial role in the resolution process as it involves setting the rules, timelines and important decisions like evaluation of bids.
"Consequently, he has stepped down as the CEO of the Company and ceases to be a Key Managerial Personnel of the Company from the close of business hours of 4 March 2022," the company said in a regulatory filing.
The GNPAs for the NBFCs (non-banking finance companies) are, however, expected to reduce going ahead as the players have bolstered their collection processes and economic activity is also improving, Crisil said in a note.
``Recent geo-political developments have further aggravated the challenges and dilemmas for the central banks. Amidst these uncertainties, central banks have to find the optimal grounds with attendant communication challenges'' Das said at a conference speaking on "Monetary Policy and Central Bank Communication " at the National Defence College, New Delhi.
If the income from your investment exceeds the government's set threshold, it will be taxed. However, you must first understand how interest income is taxed.