The loan book of REC stands at Rs 4.54 lakh crore, ending the first quarter of the current financial year
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The two entities will jointly service the self-employed customers as per the co-lending model (CLM) of the Reserve Bank of India
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Several critical issues having implications for the general insurance sector were discussed in detail
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Consolidated net interest income (NII) grew 26 per cent to Rs 8,845 crore
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The Indian insurance sector is growing as consumers shift focus from tax-saving to risk management. Regulatory reforms, digital technology and collaborative partnerships are driving this change
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The company posted a revenues from operations at Rs 881.7 crore, which is 3.7 per cent higher at quarter-on-quarter(QoQ) and 15.5 per cent higher on year-on-year (YoY) basis.
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"This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," RBI in a press release said Tuesday
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The borrowers are under fear and pressure to repay loans to banks so clearly there is a behavioural change amongst borrowers, says Ravi Mittal
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