AUTHOR

SUBRATA PANDA

All stories by SUBRATA PANDA

Remittances decline 23% sequentially to $2.1 billion in February
Rediff.com30 Apr 2023

Outward remittances in February under the Reserve Bank of India's (RBI's) liberalised...

LIC's knock-on effect: New business premium of insurers drops 12%
Rediff.com21 Apr 2023

Contrary to expectations, the new business premium (NBP) of life insurance companies...

Market share of PSU general insurers shrinks 800 bps in 5 years: Irdai
Rediff.com12 Apr 2023

The four public sector general insurance companies -- New India Assurance, United India...

Life insurers' new biz premium down 17% in Feb, LIC collections shrink 32%
Rediff.com17 Mar 2023

Life insurance companies reported a 17 per cent year-on-year (YoY) drop in new...

REVEALED: How RBI Operated During Covid
Rediff.com10 Mar 2023

200 staffers, consisting of RBI officials and support teams, who are essential to...

Insurance companies yet to see fire sale of high-value life policies
Rediff.com8 Mar 2023

Many life insurance companies are yet to see a sharp spike in the sale of high-value...

Credit card spends in Dec cross Rs 1 trillion for 10th month in a row
Rediff.com26 Jan 2023

After a sequential fall in November, due to high base and waning of the festival season...

Indians remitted nearly $2 bn in Nov under Reserve Bank's LRS scheme
Rediff.com20 Jan 2023

Indians remitted close to $2 billion in November under the Reserve Bank of India's...

Budget 2023 wish list: Insurers bat for hike in tax deduction limit
Rediff.com19 Jan 2023

Ahead of the Union Budget 2023, insurers are hoping that the Centre will act on their...

Headcount in public sector banks has fallen 8.72% in 8 years
Rediff.com16 Jan 2023

Public-sector banks, which are the largest employers in the banking space, have seen a...

Be Competitive: Bank Union Tells Management
Rediff.com11 Jan 2023

'It is observed that some of our branches are already losing good balances in their...

LIC may look at entering health, non-life insurance businesses
Rediff.com5 Jan 2023

The Life Insurance Corporation of India has the wherewithal to acquire a composite...

UPI processes record 7.82 bn transactions in December, ends 2022 on a high
Rediff.com2 Jan 2023

India's flagship payment platform, the Unified Payments Interface (UPI), ended the 2022...

Credit card spends fall 11% in Nov
Rediff.com27 Dec 2022

Credit card spending dropped 11 per cent sequentially in November at Rs 1.15 trillion,...

Banks increase deposit rates on tight liquidity, high credit
Rediff.com27 Dec 2022

Even as competition to garner deposits is intensifying into a tight liquidity and high...

Regulatory changes may usher new dawn for insurers
Rediff.com24 Dec 2022

The regulatory changes brought in by the insurance regulator and the amendments...

'India needs insurers catering to niche sectors like NBFCs, MFIs'
Rediff.com23 Dec 2022

India has a huge untapped population which doesn't have facilities for financial aid...

Health premiums on the mend: Non-life insurance in double digits
Rediff.com22 Dec 2022

Health premiums have picked up again after a slight moderation in growth, taking the...

HDFC Bank credit card to levy forex markup fee on use in India with overseas merchant
Rediff.com3 Dec 2022

The bank has said rent payments will not earn reward points, and redemption of reward...

Credit card base of major issuers erodes in Q2 over RBI's norms
Rediff.com31 Oct 2022

Credit card issuers saw significant erosion of their card base during the...