We persist in ways we deal with our wealth, not checking if it can be made better [ad_1] Every time the year draws to a close we like to review what worked and what did not. Sometimes we indulge in forecasts based on trends we have seen. We also use the opportunity to list out the surprises and the unexpected ...

LIC may look at composite licence post amendment in Insurance Laws The country’s largest insurer LIC may take a call on composite licence clause after the passage of Insurance Laws (Amendment) Bill in Parliament, sources said. As per the proposed Bill, an applicant may apply for registration of one or more classes/sub-classes of insurance business ...

ICICI Bank’s ex-CEO Chanda Kochhar, husband sent to CBI custody till Dec 26 A special court in Mumbai on Saturday remanded ICICI Bank’s former CEO and MD Chanda Kochhar and her husband Deepak Kochhar in the custody of the Central Bureau of Investigation (CBI) till December 26 in connection with alleged cheating and irregularities in loans sanctioned ...

pnb one: Now use Aadhaar-OTP authentication to register for PNB ONE app [ad_1] Punjab National Bank (PNB) will now allow customers to register on its application PNB ONE by using their Aadhaar credentials and OTP-based authentication. In Aadhaar-OTP authentication, a one-time PIN is sent to the registered mobile number of the Aadhaar card holder. Do remember the OTP is valid ...

Pension of armed forces/family pensioners revised under OROP: Check rank-wise hike in monthly pensions, arrears [ad_1] The Union Cabinet, headed by Prime Minister Narendra Modi, approved the revision of the pension of armed forces pensioners and family pensioners under One Rank One Pension (OROP). the revision will benefit over 25 lakh pensioners. Take a look at how this revision will ...

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Higher claims pushed up non-life insurers’ underwriting losses: Report General and health insurers’ underwriting losses widened in FY22 when their incurred claims ratio worsened on account of higher claims paid because of Covid-19. Insurers reported underwriting losses of Rs 31,810 crore, an increase of 59 per cent from the year-ago period. The incurred claims ratio ...

Union Bank of India raises Rs 663 cr from AT-1 bonds under Basel-III norms State-owned Union Bank of India on Friday said it has raised Rs 663 crore from Tier I bonds to fund business growth. “…the bank has allotted unsecured, subordinated, non-convertible, perpetual, taxable, fully paid-up Basel III compliant Additional Tier 1 bonds (AT-1) ...

Bandhan Bank to sell stressed loans to ARC for the first time: Source Bandhan Bank’s announcement of sale of stressed loans to an asset reconstruction company (ARC) will be the first such instance for the private lender, a source in the bank said. The lender had on Wednesday said it will sell stressed loans to ...

PNB raises Rs 582 cr through Basel III compliant Additional Tier-I bonds Public sector lender Punjab National Bank (PNB) has raised Rs 582 crore by issuing bonds on a private placement basis. The bank has issued and allotted Basel III compliant Additional Tier I bonds at a coupon of 8.40 per cent per annum, aggregating ...