Fiscal deficit of India for 2021-22 has improved to 6.71% of the GDP over the revised budget estimate of 6.9% mainly on account of higher tax realisation. The fiscal deficit in the absolute terms was Rs 15,86,537 crore (provisional). The finance ministry ...

SEBI has imposed a penalty of Rs 1 crore on India Infoline Ltd (IIFL) for misutilisation of client securities. The amount has to be paid by IIFL within 45 days. The penalty came after the SEBI's inspections of the books of account of IIFL for the period April ...

Public sector banks (PSBs) more than quadrupled their net profit in the fiscal year 2021-2022. During the financial year 2021-22, the aggregate profit of 12 state-owned banks was Rs 66,539 crore, up 110 percent from Rs 31,816 crore in the previous year. For the first time ...

Insurance Regulatory and Development Authority of India (Irdai) has formed various committees through the General Insurance Council (GIC) to suggest reforms in several areas of general, reinsurance and life insurance such as regulation, product, distribution, among others. According to ...

SBI’s research report Ecowrap, in its latest edition has projected India’s Gross Domestic Product (GDP) growth at 8.2 to 8.5 per cent for FY22. For Q4FY22, the SBI research report expects growth of 2.7 per cent. Early trend of Q4FY22 results for corporates, in the listed space, Sectors like ...

SEBI has withdrawn the recognition granted to the Indian Commodity Exchange Limited (ICEX). The withdrawal of recognition follows an order passed by SEBI on May 10 after finding the bourse non-compliant on several grounds like net worth and infrastructural requirements. ...

Broking house HDFC Securities has launched HDFC Money, a robo-advisory investment platform that will offer mutual fund schemes and other financial products without the need of a demat account. Apart from mutual funds, one can also manage other aspects of finances such as accessing, managing, and ...

The Tata Capital Ltd has launched ‘Loan Against Shares’ an end-to-end integrated digital financial offering. Aims: To provide customers with an easy and seamless experience Through this facility the customers can avail loans up to ₹5 crores by ...

The RBI has approved a dividend payment of Rs. 30,307 crore to the Centre for the fiscal year 2021-22. The bank’s central board of directors also decided to maintain the contingency risk buffer (CRB) at 5.50%. In the 2022 budget, the government had estimated ...

Paytm has announced a Joint Venture general insurance company named as Paytm General Insurance Ltd (PGIL). Paytm parent One97 Communications said it has formed a joint venture general insurance company in which it plans to invest ₹950 crore in 10 years and to hold ...