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In its order, the insurance regulator also said insurance intermediaries have created a panel of insurers which is in violation of the guidelines on the MISP.The Insurance Regulatory and Development Authority of India (Irdai) has imposed…

While top-rated NBFCs have been able to tap the CP market, others had to look for other avenues to raise funds, including bank credit and overseas markets.By Hariprasad RadhakrishnanEven as the commercial paper (CP) market veered towards…

The Indian rupee on Tuesday had closed at 71.36 against the dollar.The Indian rupeestarted the New Year on a positive note and rose 7 paise to 71.29 against the US dollar in early trade on Wednesday as optimism over the US-China trade…

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The data show that the reluctance of banks in lending to NBFCs in the aftermath of the IL&FS crisis continued in November as well.The growth in bank credit to the services sector slid to 4.8% year-on-year in November against 28.1% a…

The bank had seen a significant deterioration in its asset quality in Q2FY20, with its gross NPA rising to 2.6% from 1.4%.RBL Bankon Tuesday announced it had raised Rs 675.8 crore via preferential allotment of 1.98 crore equity shares…

On the NSE, it went up 4.87 per cent to Rs 29.05 – its highest trading permissible limit for the day.Jet Airways shares on Tuesday gained five per cent to touch its highest trading permissible limit amid reports that Hinduja Group is…

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This was also reflected in the data for the first half of 2019-20 where domestic passenger traffic growth was a mere 2 per cent, she added. (Representational image)Non-revival of Jet Airways, coupled with grounding of the Boeing 737 Max…

RBI governor Shaktikanta Das said at the December monetary policy review that credit flow to the NBFC sector is gradually reviving.The Reserve Bank of India (RBI) on Tuesday extended the availability of relaxed terms for sale of assets…