Insurance

Insurance Regulator slaps Rs 1.11 crore penalty on Policybazaar

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Finding it guilty on multiple counts, Insurance Regulatory and Development Authority of India (IRDAI) has slapped a penalty of Rs 1.11 crore on insurance web aggregator Policybazaar and has also issued a […]

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Loan

RBL Bank Q1 net profit jumps 41% to Rs 267 crore, loan growth rises 35%

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Private sector lender RBL Bank has clocked a 41 per cent year-on-year (YoY) growth in net profit at Rs 267.1 crore for the first quarter ended June 30, 2019, helped by rise […]

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Loan

CBI cracks down on loan defaulters in over 61 locations, files 17 FIRs involving funds of Rs 1,139 crore

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New Delhi: In a possibly biggest synchronised action against alleged bank loan defaulters, the Central Bureau of Investigation (CBI)  on 2 July launched a massive crackdown by carrying out searches at over 61 […]

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Loan

Gross loans of microfinance industry grow 6% to ₹65,090 crore in Q3

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NEW DELHI: Total gross loan portfolio of the microfinanceindustry stands at ₹65,090 crore at the end of the third quarter, showing an increase of 6 per cent from the previous quarter and an annual growth […]

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Investment

Pantomath Capital Advisors, Pi Square Investments JV files for Rs 400 crore fund offer

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Mumbai-based Pantomath Capital Advisors, in a joint venture with Pi Square Investments –Pantomath Pi Square Asset Management LLP — launched a new fund offer (NFO) India Inflection Opportunity Fund (IIFO) to raise […]

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