RBI allows LIC to raise holding in IndusInd Bank to 10%
Reserve Bank of India (RBI) has approved the largest insurer in India Life Insurance Corporation to raise its stake in Read more
RBI
LIC can hike Kotak stake to 10%: RBI
The RBI has allowed LIC to hike its stake in Kotak Mahindra Bank to up to 9.99% from the current Read more
LIC gets RBI approval to hike stake in KMB to 9.9%
Life Insurance Corporation of India has received approval from the RBI to raise its stake in Kotak Mahindra Bank to Read more
RBI refuses to consider Axis Bank-Max Life Insurance deal in current form, seeks restructuring
Reserve Bank of India has refused to consider the direct acquisition of a 17 percent stake in Max Life Read more
Household Savings in India – A Catalyst for the Growth of Bancassurance Channel
I. Introduction Savings play a pivotal role in the capital formation of any country. The gross domestic savings (GDS) of Read more
LIC holds strong banking linkages
Life Insurance Corp. of India or LIC is ranked as the country’s 11th largest insurer in terms of loans. Read more
Agriculture insurance coverage needs to improve: RBI
The insurance coverage in the agriculture sector needs to be enhanced to protect the interest of farmers as well as Read more
Pantaloon Retail gains on stake sale plan in general insurance business – Future Generali
Pantaloon Retail (India) is trading higher by 2.3% at Rs 189 after the debt-ridden company said that it is planning to sell its 22.5% stake in Future Generali Life Insurance to Mumbai-based non-banking finance company Industrial Investment Trust Ltd (IITL).
RBI bans gold purchase-loans by co-op banks
The Reserve Bank of India (RBI) recently directed state and central co-operative banks not to grant loans for purchase of gold in any form in order to check the significant rise in import of the precious metal in recent years. Read more
New bank licence guidelines very soon™: RBI deputy governor
Reserve Bank of India (RBI) is likely to “very soon†come out with the final guidelines on new bank licences as its consultation with the finance ministry on the issue is nearing an end, deputy governor Anand Sinha said. Read more
