Several businessmen and their accountants said refunds are taking time in cases where the amount is more than Rs 1 crore. This situation is pushing some businessmen to go for expensive loans, a chartered accountant said.
In response to a query from ET, a Srei Group spokesperson said the economic downturn and loan moratoriums provided by the regulator had affected operations. The group is now in discussions with banks to implement a restructuring scheme.In response to a query from ET, a Srei Group spokesperson said the economic downturn and loan moratoriums provided by the regulator had affected operations. The group is now in discussions with banks to implement a restructuring scheme.
A bench headed by Justice U U Lalit said the claim of insurance amount be dismissed if there is a fundamental breach of the terms and conditions of the policy.
This collaboration will facilitate capacity building in insurance and risk management space for participants in GIFT City, according to a statement on Thursday.
The private sector life insurer said it has witnessed a notable six-times growth in its annualised AUM over the past 11 financial years.
On December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domestic or cross-border) using cards or Prepaid Payment Instruments (PPIs) or Unified Payments Interface (UPI) under arrangements/practices not compliant with AFA would not be continued beyond March 31, 2021.On December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domestic or cross-border) using cards or Prepaid Payment Instruments (PPIs) or Unified Payments Interface (UPI) under arrangements/practices not compliant with AFA would not be continued beyond March 31, 2021.
"This can be leveraged to make fintech hub," he said addressing, Global FinTech Fest, on Thursday.
There was already a tendency to slow down before the pandemic; so having come to pre- pandemic is positive but it is not good enough, says Dinesh Khara
New Delhi's various incentive schemes to boost manufacturing in the country and spending by state-run companies in augmenting capacities could spill over to other segments, says the SBI boss.
Tata AIA Life Insurance has extended online medical consultation through Practo to new eligible consumers of specified products. As part of the alliance, Tata AIA consumers can avail themselves of online medical consultations from verified doctors anywhere, anytime. The life insurer said the tie-up goes far beyond the traditional insurance approach that is limited to efficient claim settlement.Tata AIA Life Insurance has extended online medical consultation through Practo to new eligible consumers of specified products. As part of the alliance, Tata AIA consumers can avail themselves of online medical consultations from verified doctors anywhere, anytime. The life insurer said the tie-up goes far beyond the traditional insurance approach that is limited to efficient claim settlement.
The funding will be used to expand the product suite and ramp up technology, CredAvenue founder Gaurav Kumar says.
The drop is sharper for women at 63.8% than men at 62.4%, as per the ICICI Lombard data.
"It's a defining milestone," Piramal group chairman Ajay Piramal said Wednesday. "This gives us the opportunity to address the financing needs of the under-served `Bharat' market in the affordable (housing) segment."
While IndusInd Bank will take into its book 80 per cent of the gold loan generated by the co-lending arrangement, the remaining 20 per cent will be funded by Indel Money, Mohanan said without disclosing how much incremental growth he expects in the AUM under this agreement.
After the embargo on HDFC Bank was lifted last month, they have issued over 400,000 credit cards. This signifies the aggressive growth that the private lender has made since then. This record issuance is as of September 21, 2021. HDFC Bank was looking to get back to its pre-embargo run rate of 300,000 credit cards per month, which they had planned to achieve in the next 2-3 months. After that, they expected to hit 500,000 credit cards per month from February 2022After the embargo on HDFC Bank was lifted last month, they have issued over 400,000 credit cards. This signifies the aggressive growth that the private lender has made since then. This record issuance is as of September 21, 2021. HDFC Bank was looking to get back to its pre-embargo run rate of 300,000 credit cards per month, which they had planned to achieve in the next 2-3 months. After that, they expected to hit 500,000 credit cards per month from February 2022
Lenders led by State Bank of India (SBI) are set to log recoveries of ?37,400 crore this week, as Piramal Capital and Housing Finance's (PCHF) acquisition of Dewan Housing Finance (DHFL) should be completed this month itself, multiple people aware of the deal told ET.Lenders led by State Bank of India (SBI) are set to log recoveries of ?37,400 crore this week, as Piramal Capital and Housing Finance's (PCHF) acquisition of Dewan Housing Finance (DHFL) should be completed this month itself, multiple people aware of the deal told ET.
RBI regional offices can hand out approvals for increasing the cash holding limits, the person said. The central bank has embarked on a 'clean note policy', which includes retrieval and processing of banknotes received from currency chests and destruction of soiled banknotes in an automated manner.RBI regional offices can hand out approvals for increasing the cash holding limits, the person said. The central bank has embarked on a 'clean note policy', which includes retrieval and processing of banknotes received from currency chests and destruction of soiled banknotes in an automated manner.
The small finance bank is now formulating a strategy where it would offer its customers 5-7 transactions free per month when they use the ATM network of other banks to withdraw cash.
UPI platforms saw a 109% jump as consumers took to digital payments for daily essentials at local stores as well as premium purchases.
