Indian insurers see steep rise in reinsurance rates in April renewals Although it was expected that Indian insurers would feel the heat of high reinsurance rates this renewal season, the quantum of a hike in rates has taken the industry by surprise. Sources said most Indian insurers have seen a steep rise in reinsurance rates this renewal season, with ...

Debt MF | Indexation Benefit: Invest in debt schemes before March 31 to enjoy indexation benefit: advisors [ad_1] Mutual fund distributors and advisors are asking their clients to invest in debt mutual funds before March 31 to enjoy the indexation benefit along with long term capital gains tax. Debt mutual fund investments made after April 1,2023 will only have short ...

Cube Highways and Infra InvIT raises Rs 5,226 cr from BCI, Mubadala Budget 2023 to increase capex for infra projects for growth: Experts India Inc leans on InvITs to reduce debt, generate returns for investors Cube Highways files document for privately placed Rs 5,226-crore InvIT NSE Indices launches India’s first REITs & InvITs index with six securities Tata Trusts CEO ...

Will govt hike PPF, Sukanya Samriddhi schemes’ interest rates in April 2023? [ad_1] Will the central government increase the interest rate of the Public Provident Fund (PPF) soon? Interest rates of small savings schemes are due for revision at the end of this month. The small savings scheme includes the PPF, Sukanya Samriddhi Yojana account (SSY), Senior Citizen Savings Scheme ...

RBI to come up with new rules on classification of accounts as fraudulent The Reserve Bank of India (RBI) will soon develop a set of rules that will govern the declaration of a bank account as fraudulent, a report by The Economic Times (ET) said. This comes nearly a month after the Supreme Court asked banks to hear the borrower ...

Mutual funds to invest Rs 50 lakh for five years [ad_1] I need investment advice on investing in mutual funds. I have a Rs 50 lakh corpus. I want a return of 12% per annum over a five-year period. My risk profile is moderately aggressive.–Nitin GirotraIt seems you are new to mutual funds. Don’t go by the past returns and ...

HDFC Capital to hike stake in proptech startup Reloy by up to 2.4% HDFC Capital Advisors will increase its stake in proptech startup Loyalie IT Solutions (now renamed as Reloy) to up to 9.6 per cent from 7.2 per cent currently, amid surge in adoption of technologies in Indian real estate market. According to a regulatory filing on ...

Rbi Gives Hdfc Bank Leeway In Loan Norms For Smooth Merger [ad_1] (This story originally appeared in on Apr 22, 2023) MUMBAI: The RBI has paved the way for the country’s largest banking merger by allowing some regulatory relief to HDFC and HDFC Bank. The main impact for HDFC customers is that home loans will have to be linked to ...

NBFC education loans to grow around 40% to Rs 35,000 crore in FY24: CRISIL Education loan assets under management (AUM) of non-banking financial companies (NBFCs) are projected to grow by 35-40 per cent to around Rs 35,000 crore in the financial year 2023–24, riding on specialised business models and an increase in the number of students travelling abroad, CRISIL Ratings ...

Merger with HDFC: A mixed bag for HDFC Bank from RBI on forbearance requests [ad_1] In a mixed bag for HDFC Bank ahead of the parent HDFC’s merger with itself, the Reserve Bank of India has declined to make exceptions on certain aspects, and has offered some leeway on others. The country’s largest private sector lender, which is aiming to ...