Finance News

Higher surrender value to badly hit life insurers margins: Report The recent regulatory push to increase the surrender value of a life policy through the revised concept of threshold limit and adjusted guaranteed surrender value for all non-linked policies, if implemented, will hit the margins of the insurers, warns a report. The Insurance Regulatory and Development Authority (Irdai) earlier this ...

RBI announces 7-day repo, raises quantum in comparision to last week India’s central bank will conduct a variable rate repo (VRR) auction for a second straight week on Dec. 22, this time with a higher quantum of infusion

Employer sponsored health insurance cost to rise 11% in 2024: Report The report is based on responses from 223 insurers across 58 countries, analysing the key trends that are shaping the future of health care provided by employers

Investment funds managers face tougher rules on investor cash calls Global regulators published tougher rules for managers of open-ended investment funds to ensure they can meet investor cash calls in a crisis without need for emergency liquidity from central banks

Only 18% digital loan borrowers understand data privacy rules: Study 60% of them are worried about how personal data is collected and used by lending apps

Banks seek RBI's nod to defer penal interest guideline by 3 months The RBI issued guidelines instructing banks to levy charges rather than increase the interest rate for borrowers who fail to meet the terms and conditions of a loan contract starting January 1, 2024

Liquidity deficit widens to Rs 2 trn, on back of advance tax outflows CD issuances in December highest in this financial year

Centre, Asian Development Bank sign two loan pacts worth $250 million Manila-based Asian Development Bank (ADB) on Monday said it has approved two loans, including funding for the construction of an 82-km Delhi-Meerut Regional Rapid Transit System (RRTS) corridor, of USD 250 million each. The other loan of USD 250 million towards continued support to industrial corridor development to make ...

Bank NIMs may dip further by 30 bps over few quarters: CARE Ratings Banks are still grappling with policy rate hikes on deposits, along with regulatory actions on unsecured lending

Lawmakers to hold discussions with select banks, insurance cos next year Indian government, in 2019, announced the merger of 10 state-owned banks into four lenders