All stories by Subrata Panda
Finally, some signs of economic revival
Rediff.com2 Jun 2020With vehicular activity picking pace in May, toll collection also saw a huge uptick. Fastags posted an impressive jump of more above 400 per cent in transaction count at 55.17 million, and an over-300 per cent jump in value at Rs 1,142 crore.
HDFC urged to reduce stake in insurance arms
Rediff.com19 May 2020In HDFC Life, the company has to pare 1.43 per cent, and in HDFC Ergo, it has to pare only 0.58 per cent.
Why health insurance premiums are set to rise
Rediff.com13 Apr 2020The rise in premiums could be in the range of 5-25 per cent, depending on the features that each insurance company adds on its products. Insurance firms have been given time till September 30 to include modifications mandated by the regulator.
Renewal norms for health, auto insurance eased
Rediff.com3 Apr 2020Payments can be made till April 21; for motor the relaxation is only for third-party insurance.
'Number of deaths in India is not alarming so far'
Rediff.com2 Apr 2020'Unless it becomes really a big epidemic in India where a huge number of people are getting sick and lakhs of people dying, I do not see a major impact on the insurance sector.'
NCLT grants 90-day extension to Jet
Rediff.com19 Mar 2020This is an exceptional case of extension beyond the 330-day limit under the insolvency and bankruptcy code.
How much is YES Bank stock worth?
Rediff.com6 Mar 2020Foreign brokerages said if SBI decide to buy stake in the bank, they should buy it at Rs 1 per share as the net worth is hugely impaired.
LIC's gross NPA ratio in debt portfolio rises to 7.5% in Dec
Rediff.com18 Feb 2020In absolute terms, the outstanding book value of NPAs of LIC in the debt portfolio across life, pension and unit-linked funds is to the tune of Rs 32,685.39 crore at the end of December 2019.
LIC's exposure to default debt instruments tops Rs 20,000 crore
Rediff.com23 Jan 2020The exposure, which is for the period ended September 2019, is across various platforms such as life funds, pension funds, and unit-linked funds.
Jet Air lenders to submit EoIs on January 15
Rediff.com3 Jan 2020Resolution professional, Ashish Chhawchharia, had informed the bankruptcy tribunal that two new investors had shown early interest for investing in Jet. One of them is a foreign investor from West Asia and the other is an Indian-entity-backed by a UK investor.
Creditors of cash-strapped DHFL claim dues worth Rs 87,905.6 crore
Rediff.com31 Dec 2019Of the total, the financial creditors - banks, bond holders and other financial institutions - have claimed Rs 86,892 crore.
Former IL&FS directors got lucrative paychecks even as firm collapsed
Rediff.com21 Dec 2019Even erstwhile independent directors were being paid substantial remuneration including commission. The median annual salary of IL&FS employees was Rs 13.1 lakh.
Why RBI did not cut rates in December
Rediff.com20 Dec 2019The minutes of the December MPC meet reveal members felt the current spike in the headline inflation rate was due to a temporary supply shock on the food front, expected to moderate by the second quarter of 2020-21.
RBI mulls placing NBFCs under bank-like vigil
Rediff.com14 Dec 2019If the policy is extended to NBFCs and co-operative banks, they will have to disclose divergence in asset classification and provisioning during RBI inspections in their audited financial reports. Till now, these entities have been exempted from this. At present, there are more than 98,000 co-operative banks and 10,000 NBFCs. Sources said the RBI would concentrate on the top 50 co-operative banks and NBFCs.
Chanda Kochhar seeks time to make RBI party in ICICI Bank case
Rediff.com3 Dec 2019Kochhar's counsel argued that according to Section 35B (b) of the Banking Regulation Act, prior approval of the RBI is required to terminate the contract of a bank's chairman or managing director. But in this case, the RBI approval came after the termination letter was served.
NCLT asks telecom department not to terminate Aircel's license and spectrum
Rediff.com29 Nov 2019The tribunal accepted the government's argument that licence or spectrum is a state asset over which Aircel had no right of ownership.
What next for Anil Ambani?
Rediff.com25 Nov 2019Resignations of Anil Ambani and four other directors were conveyed to the CoC of RCom in its meeting on November 20 and were unanimously rejected.
PMC: Withdrawal limit hiked to Rs 40,000
Rediff.com15 Oct 2019With this relaxation more than 77 per cent of the depositors will be able to withdraw their entire account balance.
RBI officers have FD of Rs 105 cr in PMC Bank
Rediff.com27 Sep 2019The Reserve Bank Officers Cooperative Credit Society, which caters to the credit needs of RBI officers posted all over India, has a fixed deposit of Rs 105 crore in the bank on which the RBI has placed various curbs for six months following revelations of irregularities.
As revival hopes fade, Jet creditors' claims zoom
Rediff.com19 Aug 2019Naresh Goyal-owned group companies, including the airline's general sales agent in India and abroad, and a car rental firm, are among those who have filed claims.