Mutual Fund or Bank deposit ?
Digital small money lending apps backed by financial professionals are using dubious means in their business with borrowers bearing the brunt, experts have flagged. These mobile apps offer loan of a few hundred rupees to about Rs 10,000. "However, they hold back at least 25 per cent of the
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Abu Dhabi Investment Authority (ADIA), the sovereign wealth fund of the emirate state will invest Rs 665 crore in Aditya Birla Health Insurance (ABHI), for a 9.99% stake valuing the company at Rs 6650 crore. The transaction has been approved by the board of directors of (ABCL), the
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Axis Bank is avoiding large-value corporate loans as it believes there is heavy mispricing in that segment due to low interest rates and excess liquidity of the past few years, says deputy managing director Rajiv Anand. The bank will concentrate on growing retail, MSME and mid-corporate loans as they
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India’s largest mortgage financier used an unusual trade to hedge some of its borrowings against interest rate volatility as it sought to expand its range of tools to manage risk, according to people familiar with the matter. Housing Development Finance Corp., the nation’s biggest rupee-bond issuer this year, used a
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() has dragged to bankruptcy over a ₹395 crore loan, according to people briefed on the matter. The company markets sugar under the Trust brand and has a pan-India distribution set up. It also exports its products to the Middle East, Southeast Asia and Africa. SBI has claimed at
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New business premium income of life insurance companies witnessed a surge by 91 percent to Rs 39,078.91 crore in July as against Rs 20,434.72 crore during the corresponding period of last year. , which is India's largest life insurer and claims nearly 68.6 percent share life insurance segment, has
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Demand for home loans from India’s tier 3 and tier 4 districts have been growing at a faster pace than the top two tier districts, including Mumbai and Delhi (NCR), while the country’s home loan market is likely to double in five years, according to a study by SBI
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DBS Group CEO Piyush Gupta is bullish on commercial potential in India and has utilised a "phygital" strategy to grow in the country, giving best-in-class digital capabilities to consumers complemented by a robust physical network. The organisation sees an opportunity to broaden its business profile, which is dominated by major
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All four public sector general insurers posted an aggregate loss of ₹26,364 crore between 2016-17 and 2020-21, according to an audit report by the Comptroller and Auditor General of India (CAG). The losses of health insurance business of PSU insurers either wiped out or decreased profits of other lines of
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India's third largest private lender is winding up its subsidiary in Britain after a deal with financial firm OpenPayd failed, it said in a regulatory filing on Thursday. Axis Bank first said in 2020 that it will be winding down its UK operations. Currently, the bank's international strategy
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