The four PSU general insurance companies have a cumulative asset base of over Rs 1 lakh crore.
Kicking off the exercise, govt has brought former SBI MD Hemant Contractor as the chairman of PFRDA.
Govt is aiming to lend Rs 165K crore to poor and unbanked population through overdraft facility.
Uttar Pradesh, WBengal, Bihar – together got measly Rs 3,216 cr.
Reserve Bank of India has said that banks sold stressed assets worth Rs 16,960 crore in 2013-14.
Govt will tighten the selection process of chairmen and managing director positions in PSU banks.
Leo Puri questions current practice of industry houses and banks running asset management business.
Homegrown payments network set up by NPCI to get a leg-up with govt’s financial inclusion plan.
LIC has booked a profit Rs 21,257 crore from the capital market in the year ended March 2014.
DoPT asks FinMin to stick to the rules for LIC MD appointment.
The issue of listing of LIC had come up during a meeting of financial sector chiefs with Jaitley last week.
RBI’s monetary policy will be scrutinised by Narendra Modi govt much more closely than borrowers.
Reserve Bank’s push for forex chest lowers debt cost for the government.
Banking sector will need a close look by new govt in the wake of ballooning bad loans and falling profits.
Like RBI, most of the top banks are also not happy about govt plan on selling insurance policies.
Group health insurance premium may see rise as Irda is cracking down on heavy discounts.
Out of 25 applications that included top industrial groups, only IDFC, Bandhan were selected by RBI.
India Inc’s Q4 results have coincided with general elections and resulting rally on stock markets.
