New Delhi, May 25 (KNN) The Insurance Regulatory and Development Authority of India (IRDAI) has directed the non-life insurance industry to arrive at a standard definition of a ‘claim’ and a uniform methodology for calculating claim settlement ratios across various lines of business — a move aimed at ending aContinue Reading
New Delhi, Jun 19 (KNN) India’s net direct tax collections rose 14.64 per cent year-on-year (YoY) to Rs 5.21 trillion during April 1 to June 17 of the current financial year (FY27), up from Rs 4.5 trillion in the corresponding period of FY26, according to data released by the IncomeContinue Reading
New Delhi, Jul 2 (KNN) The Reserve Bank of India’s (RBI) concessional forex swap facility will reduce funding costs for government-owned financial institutions and is likely to prompt an increase in their external borrowings, S&P Global Ratings said in a report on Thursday. The RBI announced the facility last monthContinue Reading
New Delhi, Jul 22 (KNN) The Reserve Bank of India (RBI) on Tuesday released draft ‘Foreign Exchange Management (Foreign Investment) Rules, 2026’, proposing a simplified and principle-based framework to govern foreign direct investment (FDI) in India. The central bank has invited comments from stakeholders by August 31. The draft rulesContinue Reading
New Delhi, Aug 1 (KNN) The Reserve Bank of India (RBI) has issued revised guidelines allowing banks to offer different interest rates on bulk deposits based on their liquidity risk. At the same time, the central bank has strengthened disclosure requirements to improve transparency in deposit pricing. The new rulesContinue Reading
New Delhi, Apr 8 (KNN) Women borrowers in India now hold a credit portfolio of Rs 76 lakh crore or nearly 26 per cent of the total system credit, a NITI Aayog report has said. The report highlighted that women’s credit exposure has expanded 4.8 times since 2017, reflecting aContinue Reading
New Delhi, Apr 21 (KNN) Significant foreign ownership can support the credit profiles of Indian financial institutions by providing long-term capital, funding flexibility, and, in some cases, improved governance standards, Fitch Ratings said on Tuesday. However, the agency cautioned that foreign shareholding alone is not a reliable indicator of strongerContinue Reading
