IRDAI may soon link motor insurance premium with traffic violations; pilot project in DelhiBad drivers may face a double whammy as penalties for traffic violations have already gone up sharply.
Third-party motor insurance premiums set to riseOwners of cars with engine capacities between 1,000cc and 1,500cc will have to brace themselves for a 15.26% rise, with premiums going up f...
Irdai proposes to increase third-party insurance premium for cars, two-wheelersNormally, the TP rates are revised from April 1. However, this time, the Irdai had decided to continue with the old rates until further ord...
Motor vehicle 3rd-party cover premiums to become cheaperIrdai has released exposure draft on premium rates for motor third-party (TP) insurance covers for 2018-19 fiscal and has invited stakehold...
Third party car insurance premium may jump 50%IRDA has not proposed increase in 3rd party insurance premium only for a few categories of vehicles such as Maruti Alto, Tata Nano as well ...
IRDAI forms panel on seamless transfer of automobile dataIRDAI today said it has constituted a four-member committee to work on developing a revenue-sharing model in relation to motor vehicle data...
Eye on Funds Cost Benefit, IFCI Pushes for DFI StatusIFCI working on a plan to improve its rating by bringing down its stressed assets.
Ailing IFCI pushes for DFI status to lower cost of fundsThe company has also proposed that a portion of the bonds issued by IFCI should be classified as SLR bonds – a status equivalent to governm...
IFCI Ltd seeks government nod for development financial institution statusThe company will place a proposal with the government seeking the tag of a `developmental financial institution’ which could raise its cred...
- Brokers seen pushing zero-coupon bonds to retirement funds
Zero-coupon bonds, which were considered unsafe investments for banks by their regulator, are now being pushed on to retirement funds by bo...
- IIBI on its last legs, assets go under the hammer
Kolkata based term lending institution, IIBI, has reached its last lap of being wound up following the board’s decision to auction most of ...
- Year-end blues: Banks rush to sell bad loans
With the fiscal year coming to an end, several banks are looking to sell their bad loan portfolio to strengthen their balance sheets.
- Death of a bank: IIBI to sell its loan portfolio
In a move towards winding up of Industrial Investment Bank of India (IIBI), its board has decided to sell the entire loan book at one go.
- Govt to lose Rs 500 cr with IIBI closure
The government has decided to close down ailing Industrial Investment Bank of India (IIBI) in Kolkatta, which had become unviable. It would...
- Govt revives proposal to merge IFCI, IDBI & IIBI
The government seems to be reviving the old proposal of a mega merger between leading financial institutions. Minister of state for finance...
- FI & Ice
The queue is longer this time. Three financial institutions (FI) have lined up for budgetary support. These are the country’s biggest term ...
- Govt to throw a lifeline for IDBI, IIBI
NEW DELHI: After IDFC, IFCI and Indian Bank, the government has decided to bailout the country's largest and smallest development finance i...