State-run banks likely to launch special drive to recover written-off loans After being prodded by the Centre to expedite proceedings against defaulting borrowers, state-run banks are likely to launch a special drive to recover written-off loans, Economic Times reported. The government has instructed public sector banks (PSBs) to focus on written-off loans and try to recover at least Rs ...

As risks loom, RBI asks banks not to increase exposure to unsecured loans to avoid banking sector crisis The Reserve Bank of India (RBI) is urging domestic banks to keep a close eye on their retail portfolios, especially unsecured loans, as part of increased caution in the face of growing macro-economic uncertainties and bank collapses in the US and Europe, the ...

higher eps pension: Will EPFO extend deadline to apply for higher pension from EPS? [ad_1] The last date to apply for higher pension from the Employees’ Pension Scheme (EPS) is May 3, 2023. This deadline was extended by the Employees’ Provident Fund Organisation (EPFO) by two months from the earlier deadline of March 3, 2023. The extended deadline provided more ...

Irdai asks insurance cos to lay down social media guidelines for employees Regulator Irdai has asked insurance companies to lay down social media guidelines for their employees to ensure that no unverified or confidential information relating to the organisation is disseminated to the public through these platforms. An organisation’s reputation is closely linked to the behaviour of its ...

Tata Capital in talks with lenders to raise Rs 10,000 crore via debt Tata Capital, a subsidiary of Tata Sons, is in talks with lenders to raise Rs 10,000 crore by way of debt for its on-lending purposes. The Board of Directors of Tata Capital Financial Services Limited (TCFSL) has approved the merger of TCFSL, a wholly owned subsidiary ...

Rupee continues to make gains against dollar for 2nd consecutive month Rupee registers biggest weekly gain against US dollar in two months Softer US dollar, better risk appetite push rupee to two-month high What pictures can be used on currency notes After breaching 81 vs USD, rupee weakens as importers purchase greenback Rupee logs best single-day gain since September 30 ...

India’s foreign exchange reserves decline by $2.1 billion to $584.2 billion RBI hikes repo rate by 35 bps to 6.25%, cuts FY23 GDP forecast to 6.8% RBI MPC: Here is what experts have to say about the policy announcement RBI’s forex reserves rise for fifth straight week to $564.07 billion India’s forex reserves up $1.65 bn to $586.4 bn, shows ...

A snapshot of term insurance offered by various firms 2023 may see an M&A surge in insurance sector: Shriram General Insurance MD Structure of insurance laws to be altered with proposed amendments: Experts LIC may turn into composite insurer; likely to merge 4 PSU general firms Composite insurance licence regime may trigger M&A activity: HDFC Life CFO LIC may look ...

Aditya Birla Sun Life Corporate Bond Fund Fund Pick: SBI Conservative Hybrid Fund is a consistent outperformer Fund Pick: Aditya Birla Sun Life Short Term Fund a consistent outperformer Fund pick: SBI Focused Equity Fund Fund pick: Nippon India Tax Saver Fund Fund pick: DSP Midcap Fund Summer scoop: how to get yourself a healthy ice cream treat I-T dept ...

Bajaj Allianz declares bonus worth Rs 1,201 cr for policyholders Bajaj Allianz Life, a private life insurer has declared a bonus of Rs 1,201 crores for its policyholders. It includes a regular reversionary bonus of Rs 872 crore and a terminal and cash bonus of Rs 329 crore. The bonus will benefit 1.14 million eligible policyholders who have remained ...