Watch this space for the latest insurance-related news doing the rounds.
Bandhan Bank revises fixed deposit rates. This private sector lender is the latest bank to revise the interest rate on its fixed deposits.
HDFC Bank has reduced the interest rate on its fixed deposits by 10 basis points.
Government of India has recently decided to cut interest rate on General Provident Fund (GPF). For July-September, the General Provident Fund and other similar funds will pay 7.9% interest.
Fund houses are looking at different methods to address the DHFL downgrade, various news reports have suggested.
Quantum Mutual Fund has announced the launch of its first open-ended ESG fund, various news reports have suggested.
Open-ended debt schemes have seen a 42% month-on-month decline in net inflows during May, according to data published by the AMFI.
Paytm Money has been given the go-ahead from the Pension Fund Regulatory and Development Authority to distribute NPS.
The government might lower interest rates on some small savings schemes for July-September quarter. This change might be announced either this week or early next week.
HDFC has acquired 51.2% stake in Apollo Hospitals Group. Which is 1.2 times its official gross annual premium for FY 2019.
Reliance Capital has signed an agreement with Nippon Life Insurance for sale of its stake in Reliance Nippon Life Asset Management.
A rise in the minimum pay against the recommendation of the 7th Pay Commission for Central Government employees is expected with the new Modi 2.0 government.
Post this Lok Sabha Elections, IRDAI has proposed to implement an increase in third party motor insurance premium rates for various automobile categories.
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