The Insurance Regulatory and Development Authority of India (IRDAI) recently issued draft guidelines for general insurance companies. The guidelines mainly focus on credit insurance products with customised covers...
HDFC ERGO General Insurance has launched the “Business Kisht Suraksha” cover. It is a unique cover which was launched with the aim of protecting the balance sheet of...
The Reserve Bank of India (RBI) has recently released its data on the Bank Credit and Deposits. Key findings The data shows that, the Bank credit grew by...
The Reserve Bank of India recently released draft framework for “Sale of Loan Exposures” and “Securitization of Standard Assets”. Highlights The guidelines issued are applicable to Scheduled Commercial...
The Supreme Court of India recently pronounced its judgement that cooperative banks shall be placed under SARFAESI Act. Highlights The Supreme court has upheld the GoI notification dated...
The Reserve Bank of India (RBI) has permitted Asset Reconstruction Companies (ARCs) to acquire financial assets from peers i.e. other such entities. However, RBI, the apex banking regulator...
The proceeds from the disinvestments have exceeded the disinvestment target for the fiscal 2018-19 by Rs 5,000 crore taking the total proceeds to Rs 85,000 crore against the...
Banks and Financial Institutions (FIs) have signed Inter-Creditor Agreement (ICA) aimed at faster resolution of stressed assets of Rs. 50 crore or more which are under consortium lending....
NITI Aayog’s Women Entrepreneurs Platform (WEP) has signed five separate Statement of Intent (SoIs) with Financial Institutions & Social Organisations to create opportunities and support women entrepreneurs. These...
Bancassurance, a term coined in the early 1990s, refers to the practice of financial institutions integrating the selling of banking and insurance products through a common distribution channel....
