In an interview with BW Businessworld, Sumit Rai, MD & CEO, Edelweiss Tokio Life Insurance, spoke about distribution network, business goals and more
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India’s largest online marketplace for loans and credit cards Paisabazaar.com Targets 33,000 credit cards in a month by March 2019
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Finance Minister Arun Jaitley today asked banks to ensure all steps to ensure clean lending & effective action in cases of frauds and wilful defaults to justify the trust reposed in banks
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In a media release yesterday, DHFL (Dewan Housing Finance Limited) announced that ICRA Limited, one of the country’s leading credit rating agencies, has reaffirmed its A1+ rating on its commercial paper program. This announcement comes in the wake of Friday’s baffling selloff in the housing finance bellwether, which saw its stock tumbling by over 42%. “A1+” is the highest possible credit rating that any issuer can achieve on its short-term borrowings.
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Friday, 21st September 2018, was dramatic in the Indian stock market. The BSE Sensex, which opened on a strong footing, suddenly tanked 1,127.58 points, or 3.03 per cent, to hit a low of 35,993.64 in afternoon trade, before staging an equally sharp recovery within minutes. It finally closed at 36,841.60, down 279.62 points. Shares of housing finance firms slumped, with Dewan Housing Finance tumbling up to 42 per cent on fears of a liquidity crisis. Reports of debt defaults by IL&FS also sparked concerns, which spilled over into other NBFC counters. Our Analysis.
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The Reserve Bank of India said late on Wednesday Kapoor can serve as the lender's chief executive only till Jan 31 next year. It did not give a reason
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According to an official order issued today, 14 general managers have been appointed as executive directors in different public sector banks
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"Yes Bank's profitability is strong, and Moody's expects that the bank can maintain low credit costs over the next 12-18 months," the global rating agency said in a note
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