Improvement in tech, backend processes & team strength needed to achieve IRDA objective: Shweta Rajani
It is welcoming move what IRDA has done because it now means that one within three hours in a normal case the insurance company has to authorize the entire documentation and the claim approval has to go through, not only that they are also emphasising that there should be a 100% claim and any claim […]
Travel demand to outpace supply for next decade: Yezdi Nagporewalla
But you will always have a mismatch between demand and supply and it is largely because the hospitality sector is interdependent on other aspects like infrastructure, like hygiene, like safety, and those aspects. So, the entire ecosystem actually has to fall into play to make it comparable with developed places.
Asia stocks gain, dollar drifts as inflation tests await
Asian stocks rose for the fourth month, while the dollar drifted lower. Investors await inflation readings from Europe and the U.S. for interest rate guidance.
ETMarkets PMS Talk: We will see a strong build up for India as a single-country destination for FII flows: Tridib Pathak
India’s growth gap over the rest of the world is widening and India will be the fastest-growing major economy in the world over the next 5 years at least.
RBI to speed up rupee globalisation, roll out series of reforms this fiscal
The Reserve Bank of India (RBI) is intensifying efforts to internationalize the Indian Rupee (INR) by making regulatory changes for non-residents and enhancing the appeal of the GIFT City as an international financial center. The RBI plans to liberalize regulations related to INR accounts for non-residents and allow them to open rupee accounts outside India.
RBI fires on double engines in poll year
The Reserve Bank of India’s income rose 15% last fiscal due to higher interest income from bond holdings and a sharp drop in provisions transferred to the Contingency Fund, enabling a record dividend payment to the central government.
Banks need to look beyond bulk deposits to fund loans: RBI
The Reserve Bank of India (RBI) Thursday said that banks must reduce their reliance on wholesale deposits to fund loans and be watchful of the risks associated with their advances and trading exposures amid interest rate fluctuations.
Sebi launches beta version of settlement calculator
It also enables the applicant to select the appropriate options with respect to their past regulatory track record on the basis of actions of Sebi as well as the details of other ongoing proceedings, if any, as on date of filing the settlement application, the regulator said in a release.
Govt bond buybacks continue to face weak participation
At Thursday’s buyback auction of government bonds, the RBI accepted bids worth Rs 5,111.29 crore versus the notified amount of Rs 40,000 crore worth of securities that the Centre had offered to repurchase, latest central bank data showed.
MFs line up 12 new offers with investor interest still strong
Motilal Oswal launched a multicap fund and JM Financial has started a small-cap fund to complete their product basket in the diversified fund space. Many fund houses are launching thematic funds that include the likes of financial services, manufacturing and special opportunities.