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Hela August 6, 2019

Indian equity markets have no friend left either domestic or foreign. Domestic investors are miffed about the tax rules, while foreign investors are worried that the latest move on Article 370 will stoke tensions with neighbouring countries. The ongoing trade war between the US and China is making things worse. On Monday, the Nifty index declined 134.75 […]

Hela July 30, 2019

Small businesses and MSMEs form the backbone of India’s economy and may hold the key to solving India’s unemployment crisis. To sustain operations and eventually expand, these small businesses require large amounts of capital. However, the sector is facing a working capital crunch, and there is a lack of access to affordable credit. To account […]

Hela July 24, 2019

Mumbai: Buying cheap stocks isn’t rewarding as some bargains may be too good to be true, according to a unit of India’s second-largest private bank. There’s a very low probability for a stock to reclaim its previous high if it has slumped more than 75% from its peak, analysts led by Vinod Karki at ICICI Securities […]

Hela July 15, 2019

LIC recorded two-fold rise in its new premium collection to ₹ 26,030.16 crore Led by LIC, life insurers’ collective new premium income jumped 94 per cent to ₹32,241.33 crore in June this year, according to data from Insurance Regulatory and Development Authority. All the 24 life insurers had written new gross premium of ₹16,611.57 in the same month a […]

Hela July 13, 2019

Life insurance companies have clocked 65 percent year-on-year (YoY) growth in the first year premiums in Q1. Data from the Insurance Regulatory and Development Authority of India (IRDAI) showed that life insurers collected new premiums of Rs 60,637.22 crore for the quarter ended June 30. Among the companies, Life Insurance Corporation of India (LIC) posted […]

Hela July 3, 2019

Whatever could be the reason, if ever an urgent requirement of funds come up, a personal loan in UAE can be quite a viable option. Generally, the personal loans offered by financial institutions or banks are unsecured loans as do not involve any collateral. You must be wondering: How can you get a personal loan […]

Hela June 8, 2019

NEW DELHI: The microfinance industry’s gross loan portfolio (GLP) stood at ₹1,87,386 crore at the end of March, up 38 per cent year-on-year, said a MFIN report Monday. The total number of microfinance accounts was 9.33 crore at the end of March 2019, showing a growth of 21.9 per cent, said Microfinance Institutions Network (MFIN), an RBI-recognised […]

Hela June 2, 2019

Kerala-based ESAF Small Finance Bank Ltd has recorded a 234 per cent increase in its net profits for the FY19, in its second year of operation. The increase in net profits is largely led by its higher interest income and efficient NPA management, a press release said. According to the audited results for the year […]