Private life insurance companies paid more benefits than LIC in FY23 Life Insurance Corporation of India paid out 4 per cent fewer benefits at Rs 3.39 trillion from Rs 3.53 trillion in FY22

Reserve Bank of India proposes to tighten banks' dividend payout norms Furthermore, banks were required to meet the applicable regulatory capital requirement for each of the last three financial years including the financial year for which the dividend is proposed

RBI proposes banks with less than 6% net NPAs to declare dividends The Reserve Bank on Tuesday proposed allowing banks having net non-performing assets (NPAs) ratio of less than 6 per cent to declare dividends. As per the prevailing norms last updated in 2005, banks need to have a NNPA ratio of up to 7 per cent to become eligible ...

Federal Bank's advances increase 18% to Rs 2.02 trillion in Q3 FY24 On a segmental basis, the bank said that as per its internal classification, its retail credit book grew by 20 per cent year-on-year, and its wholesale credit book grew by 17 per cent

Rupee dwindles 3 paise, reaches 83.19 against US dollar in early trade The rupee started the new year on a flat note and depreciated 3 paise to 83.19 against the US dollar in the morning session, amid a negative trend in domestic equities and dollar demand from importers. Forex traders said the rupee is trading in a narrow range as ...

SCBs well capitalised, capable of absorbing macroeconomic shocks: RBI All banks would be able to meet the minimum regulatory common equity tier 1 (CET1) ratio of 5.5 per cent even under severe stress scenario

NPAs: Amount recovery via debt recovery tribunal falls to 9.2% in FY23 Recoveries via IBC were back to over 40% in FY23 after two lackluster years

SJVN secures Rs 10,000 cr construction finance facility from banks State-owned SJVN Ltd has secured Rs 10,000 crore construction finance facility to fund its upcoming renewable energy projects from a group of leading domestic and international lenders. The construction finance facility is a unique and first-of-its-kind transaction undertaken by a PSU entity and Public Sector Banks, a company statement said ...

Bank credit growth to industry decelerates to 6.1% in Nov: RBI data Growth of bank credit to industry decelerated to 6.1 per cent in November as against 13 per cent recorded in the same month last year, according to data released by the Reserve Bank of India (RBI) on Friday. Among major industries, year-on-year credit growth to basic metal & ...

RBI extends Payments Infrastructure Development Fund scheme till 2025 Apart from physical and digital devices, Soundbox devices and Aadhaar-enabled biometric devices have been made eligible for subsidy under the PIDF scheme