The biggest opportunity for a non-banking financial company (NBFC) currently is in the small and medium enterprise (SME) sector as the typical banking structure has always under served SMEs, says Ajay Srinivasan, CEO, Aditya
UTI Mutual Fund has investments of around Rs 1,540 crore in various group companies of DHFL across 36 debt schemes, while Reliance Mutual fund has an exposure of Rs 1,436 crore, data available till March 31, 2019, from Value
Industry players estimate that debt mutual funds have an exposure of Rs 6,000-7,000 crore to debt instruments of Essel Group companies. The debt papers of Essel Group are secured by shares of Zee Entertainment and Dish TV.
Flows into debt funds were Rs 60,628 crore in January, compared with outflows to the tune of Rs 1.52 lakh crore in December, 2018 However, inflows in January were smaller than inflows Rs 1.29 lakh crore in November 2018.
A near five-fold increase in claims since the current phase of Rajasthan’s Bhamashah insurance scheme amid allegations of large-scale fraud by hospitals, has resulted in PSU insurance firm The New India Assurance (NIA) Comp
As floodwaters have started to recede in parts of Kerala, insurance companies expect claims from the affected people to cross Rs 1,000 crore. On Monday, the Centre declared the deluge as a ‘calamity of severe nature’. So
State Bank of India has fired a fresh salvo in the battle of control over UTI even as the government and UTI’s largest investor, US investment firm T Rowe Price (TRP), are trying to hammer out a peace settlement.