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The report said a total Rs 425.96 crore was collected from farmers under the Pradhan Mantri Fasal Bima Yojana from 13.69 lakh farmers for Kharif 2019 season, which covers a total 25.45 lakh hectare area.Gross NPAs of Gujarat banks have…

Lenders to an Indian shadow bank at the center of an industry crisis since it started defaulting three months ago have called for binding bids from potential rescuers by mid-January, people familiar with the matter said. Altico Capital…

The six principles laid down by Sebi are intended to strengthen the role of fund houses as stewards on behalf of the investors.The Securities and Exchange Board of India (Sebi) on Tuesday announced Stewardship Code for all mutual funds…

MARKETWATCH FRONT PAGEAt this time last year, the stock market was on the verge of putting in its worst decline on the last trading day before Christmas in history, with the S&P 500 index on…

In the Budget 2019-20, the government made a provision of Rs 70,000 crore for recapitalisation of public sector banks (PSBs) and has so far infused Rs 60,314 crore.The financial health of state-owned banks should be assessed by their…

Representational imageBharti AXA Life Insurance on Monday said its renewal premium income during April-September, 2019-20 rose 20 per cent to Rs 541 core. The private sector insurer had collected a renewal premium of Rs 453 crore in the…

Sebi said instances have come to light where client’s funds and securities were diverted by trading or clearing member towards margin obligations.With an aim to protect mutual fund investors against misuse of their investments, markets…

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The amount outstanding at any point of time in such PPIs should not exceed Rs 10,000, RBI saidThe Reserve Bank on Tuesday introduced a new semi-closed prepaid payment instrument (PPI) which can be used for transaction of goods and…

ESAF Small Finance Bank was incorporated on May 5, 2016, with its registered office in Thrissur.P R Ravi Mohan has been appointed as the new chairman of Kerala-based ESAF Small Finance Bank. He replaced R Prabha, who completed his tenure…