McKinsey & Co pegged the size of India’s capital market at $140 billion but termed India’s ability to funding at scale as moderate with shallow pricing efficiency.
IRDA does not allow insurance companies to sell complex products like unit-linked insurance plans and deferred annuity plans through this channel.
India Ratings was without a CEO after Atul Joshi left the company in January 2016. Rajesh Patel, the chief operating officer, was officiating as CEO in this interim period.
It said that about 92% of credit card holders often pay a greater amount than the minimum due, following its survey of 1,100 consumers across eight metro cities.
LeapFrog Emerging Consumer Fund III, a 10-year closed-end private equity fund that focus on the emerging consumer.
The central bank raises reverse repo rate by 25 basis points to 6%, a measure to reward banks for parking excess fund with it.
With this new plan, Bajaj Finance is looking to double its outstanding deposit base to about Rs 8000 crore a year from Rs 4,100 crore at the end of March.
An India-UK working group has suggested that the govt should think of providing tax incentives to mutual funds and their investors for investing in local green bonds.
There are repayment concerns also in some smaller pockets of Tamil Nadu, said sources.
The focus would remain on asset quality even as the bank grew advances by 9% to Rs 3 lakh crore at the end of March, said chairman Arun Tiwari.
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