Aviva sells insurance policies through DBS and Bank of Maharashtra and through corporate agency tie-ups.
The govt may raise the FDI limit in insurance to 74% in the February budget, up from the present 49%.
Shriram Capital is the holding company for the financial services and insurance entities of the Shriram Group.
Banks must come up with a plan by January 7. It they fail, it would be the beginning of a difficult chapter.
Liquidity remains a worry for the NBFC sector; loan sanctions fall 34% in September quarter.
The DHFL promoters have approached the RBI to repay depositors in full.
The Insurance Regulatory and Development Authority has said that group insurance schemes should show collection of premium, issue of certificate of insurance and reimbursement of expenses. Also, interest rates declared under group savings products should be in such a way that there is no discrimination among identical policyholders on fund size.
Bajaj Finance is known in the nonbank lending industry for its customer-profiling algorithms.
There is a huge protection gap. It is only 2% and it has been operating only in savings.
The deposit holders with overall exposure of Rs 6,000 crore are at risk of losing their savings.
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