ICICI Lombard General Insurance profit rises 40% as premiums climb ICICI Lombard Q2 net up 32% to Rs 591 cr on reversal of tax provision ICICI Lombard’s net profit rises 11% in Q3 on strong premium income LIC may turn into composite insurer; likely to merge 4 PSU general firms 2023 may see an M&A surge in insurance sector: Shriram ...

Public sector Indian Bank signs MoU with Tamil Nadu e-Governance agency Public sector Indian Bank has signed a memorandum of understanding with the Tamil Nadu e-Governance Agency, the city-headquartered bank said on Tuesday. The agreement is to integrate the Indian Bank Payment Aggregator platform with the e-Governance Applications of various departments in Tamil Nadu. “With this MoU, ...

Bank of India looking to raise Rs 4,500 cr via equity issue in Q1FY24 What are AT1 bonds, and why are Credit Suisse’s worth $17 bn now wiped out? Banks tier II bond issuance surges 3.5 times in FY23, shows data SBI board approves Rs 10,000-cr AT1 bonds offering to support biz growth After Credit Suisse wipeout, AT1 bonds make ...

After insurance firms, now private banks under income tax scanner I-T Dept sends 8,000 notices to taxpayers who claimed exemption for charity New tax norm to hurt insurers; stocks attractive for the long run: Analysts Irdai approves amendments, simplifies rules to set up insurance firms Top Bollywood celebrities under CBIC scanner over alleged GST evasion CBIC detects Rs 62K-crore GST ...

RBI grants AU Small Finance Bank permission to deal with foreign exchange AU Small Finance Bank on Wednesday said it has received permission from Reserve Bank of India to deal in foreign exchange. Reserve Bank of India vide its letter dated April 19, 2023 has granted Licence to act as Authorized Dealer Category-I (AD-I) under section 10 of ...

Karur Vysya Bank hands over EVs, RO plant to TTD under ESG initiative Private sector bank Karur Vysya Bank has handed over five electric vehicles and three reverse osmosis water plants worth Rs 70.73 lakh to Sri Venkateswara Institute of Medical Sciences, Tirupati, the Tamil Nadu based bank said on Wednesday. The Bank’s chairperson Meena Hemchandra, managing director ...

IndusInd Bank signs $100 mn loan deal with JBIC to push Japanese equipment Analysts cautious on IndusInd Bank despite all-round beat in Q3; here’s why IndusInd Bank slips 7% as RBI reappoints MD & CEO for shorter tenure Reserve Bank of India, IFSCA likely to frame fresh norms for GIFT City IndusInd Bank gains 5% as Hinduja looks to raise ...

Home loan demand declines, special interest rates to continue In a relief to prospective home loan buyers, large mortgage players, such as State Bank of India, ICICI Bank, and HDFC, have extended their special home loan rates for new customers. These rates are slightly lower than those for existing customers. The move comes after the Reserve Bank of India ...

Amazon Pay: These customers can now repay loans on Amazon Pay using Bharat BillPay; here’s how [ad_1] Amazon Pay has strengthened its loan repayment category in partnership with Bharat BillPay as part of its ongoing efforts to improve user experience and safety. Among other alternatives for paying bills, such as electricity and municipal taxes, the Loan Repayment category is one ...

On eve of Supreme Court hearing, EPFO’s higher pension form ‘missing’ [ad_1] (This story originally appeared in on Mar 22, 2023) NEW DELHI: Registration forms on the Employees’ Provident Fund Organisation’s unified portal for subscribers to sign up for pension on higher salaries went missing for at least a few hours on Tuesday. The landing page of the EPFO’s unified ...