George Mathew

Articles By George Mathew

75 Articles

Insurance FDI hike has to be at fair, reasonable price: Rahul Bajaj

Bajaj group chairman Rahul Bajaj has indicated his desire to allow the insurance partner Allianz of Germany to hike stake in their joint ventures at a “fair and reasonable price” as per the Reserve Bank guidelines and Ins

Rahul Bajaj

Big consulting firms’ role in stressed assets under RBI scanner

The role of big consulting firms — even with foreign parentage — in creating sick and stressed assets has come under fire of the regulator Reserve Bank of India (RBI) and public sector banks.


Lodha scions to split business responsibilities

The total land reserves of the Lodha group, which is building 117-storied World One, tallest residential tower in the country, add up to over 5,800 acres.

real estate

Lodha scions to split responsibilities

Abhishek Lodha to run vast real estate business; Abhinandan Lodha to handle financial services arm

Lodha scions to split responsibilities

Small banks: All you need to know about 10 new players

There will not be any restriction in the area of operations of small finance banks.

small bank license rbi

Corporate funds in projects decline 27%: RBI

RBI study on corporate investments released on Thursday estimates that a total capital expenditure of Rs 1,93,300 crore would have been incurred by the companies in 2014-15, reflecting a reduction of 27 per cent over the prev


Aug 24 market crash: Is there a lesson for retail investors?

Last Monday, when panicky foreign investors were dumping stocks, domestic institutions went on a buying spree and bought stocks worth Rs 4,000 crore. Is there a lesson for retail investors?

century plyboards shares

LIC funding of Indian Railways projects slowly taking shape

The mega plan of the Indian Railways to tap funds from India’s largest financial entity, Life Insurance Corporation (LIC), is slowly taking off.

indian railways funding

Investment challenge: Smart cities need smart funding options

One of the biggest challenges on the growth front for successive governments in India has been infrastructure development.

smart cities fund

Govt set to unveil farm, health insurance for masses

Centre is planning to come out with a universal health scheme and an exclusive all-in-one insurance product for farmers as part of its ongoing efforts to bring people under the social security net.

Budget 2016, Budget news, Budget latest news, subsidy, food subsidy, fertiliser subsidy, lpg subsidy, budget subsidy allocation, arun jaitley, jaitley food subsidy, budget session 2016, budget 2016 date, Union Budget 2016-17, Narendra Modi, business news

LIC is market leader in Bahrain, No 3 in the UAE

Besides Bahrain, LIC has overseas operations in 13 countries, including Fiji, Mauritius, the UK, Singapore, Nepal, Sri Lanka, Kenya and Saudi Arabia.

lic bahrain

General insurers agree to retain 5% compulsory cession

Public sector insurance companies, including New India Assurance, have suggested retention of the five per cent compulsory reinsurance business with state-owned GIC Re.

Insurance bill

Foreign fund flow: China, Greece loss is India’s gain

The two ongoing global crises Greece debt woes and the China’s market meltdown have not led to a sell-off by foreign investors in India.


How China’s loss may become India’s gain

The two ongoing global crises -- Greece debt woes and the China's market meltdown -- have not led to a sell-off by foreign investors in India, at least till July 8.

china stock market news

Recruitment drive: LIC to hire 2 lakh new agents

LIC chairman SK Roy said the corporation is set to regain the market share in premium income.

Life Insurance Corporation

Steel companies with Rs 1,96,000 crore debt stare at default

Banks’ exposures to stressed domestic steel companies are at 10-30% of net worth.

steel companies stocks

Banks seek new strategy to tackle stressed assets

With bad loans rising and big corporates, including the Reliance Group, GMR, Essar and Adani, rushing for debt bailouts, banks have told the Ministry of Finance, in their latest round of meeting, to change the existing strate

Banks, sbi bank, icici bank, rbi rate cut

Finance Ministry calls meet of ARCs, banks to tackle bad loans

The Reserve Bank of India has estimated that the gross NPAs of banks rose to Rs 3,03,380 crore as on December 2014.

ARUN jaitley finance ministry

Debt recasts: Not just small firms, big ones use them too

While Essar Steel has approached banks for a recast of loans worth close to Rs 12,000 crore, Essar Port has also sought a Rs 6,000 crore recast, bankers say.

Reliance Industries

Bad Debt: Wilful defaults on a rise, up 90% in ’14 to ‘44,465’ crore

From Vindhyavasini group to Winsome, Forever Precious Jewellery, Yash Birla’s Zenith Birla and NAFED, the list of wilful defaulters is growing at a fast pace.


Centre keen to get more banks, insurers in IFSC

Financial services secretary has urged chiefs of banks and insurance firms to use facilities in GIFT City.

GIFT city investment

Global reinsurers firm up plans, appoint India CEOs

Global reinsurance giants are in the process of setting up their top team in a bid to kickstart their India operations.

Life insurance - NPS

Centre goes on overdrive to sell insurance cover

Banks and firms are scrambling to provide 40 cr people with access to schemes by May 9

Narendra Modi

Expectations were for a rocket, now there’s tempering: Uday Kotak

We need to fundamentally correct the balance sheets of some section of corporate India says says Uday Kotak.

Uday Kotak, Kotak Mahindra Bank, Uday Kotak Kotak mahindra, NDA government, kotak on nda govt, kotak on stock market, business news

RBI, lenders huffing & puffing over interest rate cuts

Even after two interest rate cuts by the Raghuram Rajan-led RBI, except for State Bank of India, other state owned banks are yet to announce any reduction in their lending rates.

Raghuram Rajan

HDFC Bank, ICICI Bank, State Bank of India cut lending rates after RBI Guv Raghuram Rajan’s tough talk

SBI, HDFC Bank cut lending rates by 15 bps each; ICICI slashes by 25 bps.


10 months after taking charge, Narendra Modi govt yet to make headway in salvaging stalled projects

As of March 2015, 299 mega projects involving an outlay of Rs 18.13 lakh cr still remain stalled with Project Management Group, which is under direct control of PM Narendra Modi.

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