LIC takes Rs.1,400 crore hit from loss of GST-linked input tax credit

Mumbai, Feb. 5 -- Life Insurance Corp. (LIC) has taken a hit of Rs.1,400 crore due to the loss of input tax credit after certain life and health plans were exempted from the goods and services tax (GS... Read More

Govt cuts outlay for UPI, RuPay incentive scheme by nearly 10%

Mumbai, Feb. 1 -- The central government has cut the outlay for an incentive scheme for transactions undertaken on the Unified Payments Interface (UPI) and homegrown card network RuPay platforms by ne... Read More

Economic Survey: Lower distribution and other costs are essential for affordable insurance

New Delhi, Jan. 29 -- India's insurance sector has been largely successful in deepening revenue from existing customers, but high distribution costs are preventing a 'widening' of the risk pool of cus... Read More

Economic Survey: UPI is expanded lending across the risk spectrum

Mumbai, Jan. 29 -- Investing in digital public infrastructure such as the Unified Payments Interface (UPI) is reshaping credit markets by allowing banks and fintech firms to expand lending across the ... Read More

Economic Survey: UPI is expanding lending across the risk spectrum

Mumbai, Jan. 29 -- Investing in digital public infrastructure such as the Unified Payments Interface (UPI) is reshaping credit markets by allowing banks and fintech firms to expand lending across the ... Read More

RBI preps Rs.1 L-cr bond, $10 bn swap stimulus

Mumbai, Jan. 24 -- Amid persistent tightness in liquidity conditions, the Reserve Bank of India (RBI) on Friday announced its third tranche of open market operations (OMOs) for the purchase of governm... Read More

RBI preps Rs.1 L-cr bond, $10 bn swap stimulus

Mumbai, Jan. 24 -- Amid persistent tightness in liquidity conditions, the Reserve Bank of India (RBI) on Friday announced its third tranche of open market operations (OMOs) for the purchase of governm... Read More

RBI announces third tranche of stimulus ahead of MPC as rupee hits new low

Mumbai, Jan. 23 -- Amid persistent tightness in liquidity conditions, the Reserve Bank of India (RBI) today announced its third tranche of open market operations (OMOs) for the purchase of government ... Read More

PNB Housing bets on emerging markets to boost margins as banks corner high-end loans

New Delhi, Jan. 23 -- PNB Housing Finance is targeting higher-than-industry growth in the affordable and emerging-market segments to support its margins amid stiff competition from banks in the prime ... Read More

Rate cuts pressure PNB, drive shift to cheaper deposits

mumbai, Jan. 21 -- Punjab National Bank, or PNB, is preparing the ground for further deposit rate cuts as pressure on margins intensifies, betting that cheaper deposits are now the best way to protect... Read More

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