NIPPON LIFE INSURANCE
SBI Life and Apollo join the race for RCap assets
December 1 was earlier the deadline for the submission of EOIs. Over 60 different bids have been received with SBI Capital Markets Limited and JM Financial Services Limited, the advisors to the lenders. Later the date for submitting the bids was extended to December 17.
Canara Bank raises Rs 2,000 cr via QIP; LIC largest investor
LIC emerged as the largest investor in the bank's qualified institutional placem...
Reliance Capital: Deadline to bid for subsidiaries extended till December 17
The last date for submission of EoIs for the stake sale was Dece...
Insurers to soon offer e-KYC to make buying life insurance policies easier in lockdown
The latest circular by the regulator will help enable the policy purchase and KYC fulfillment process in a distance mode where customers can do it from the comfort of their houses just with the click of a button.
DHFL seeks intervention from SBI, Union Bank to repay depositors
In letters to the State Bank of India and Union Bank of India, DHFL has sought the lenders’ help to resume repayments to depositors, a process now on hold after a Bombay High Court order. The home financier has cited its adequate cash balance to repay its depositors. DHFL had written letters to SBI’s chairman Rajnish Kumar and Rajkiran Rai G, MD and CEO of UBI.
63 Moons moves High Court to recover Rs 200 crore from DHFL
Counsel for DHFL challenged the maintainability of the petition, arguing that the trustees of the bondholders had already moved an application in the Pune bench of the Debt Recovery Tribunal (DRT) for the recovery of dues on behalf of the debenture holders and hence this plea could not be entertained.
RNAM Q2 profit up 21% at Rs 137 crore on lower tax rate
Total income declined to Rs 322.60 crore in the second quarter of the ongoing fiscal from Rs 424 crore in the year-ago period.
Reliance Capital's OFS on RNAM oversubscribed 2.50 times
Nippon Life Insurance sold over 8 per cent of its shareholding in RNAM.
Nippon Life eyes RCap stake in AMC JV; Reliance Nippon, RCap rally up to 7%
Nippon Life will acquire a majority of Reliance Capital’s 43 per cent stake in the company for 70 billion yen.
Why you should not make non-family member nominee in life insurance policy
You should not make non-family member as a nominee because it will be difficult to prove insurable interest.
Reliance Cap invites Nippon Life to buy it out of MF JV
Last fiscal, RNAM made a net profit of Rs 522 crore.
‘Need to up the Rs 30 lakh-limit in insurance compensation’
Coverage of Rs 1 crore is now common in case of term insurance.
Reliance Nippon Life Insurance September quarter premium up 8% to Rs 1,042 crore
The company said business made a marginal profit in the second quarter of this fiscal as against a loss in the corresponding period a year ago.
Reliance Nippon Life Insurance June quarter premium up 8% to Rs 755 crore
The company said it had assets under management of Rs 19,335 crore as on June 30 this year, up 11 per cent from same period a year ago.
Reliance Nippon Life Insurance launches new offer
The unique plan offers guaranteed increasing money back benefits to policyholders every three years from the commencement of the policy.