Das has posted growing written premium to £139.3m in the run-up to being bought by Arag. The UK total for 2023 was up by 8% compared with £128.8m in 2022, driven by a combination of new business wins and rate hardening. The takeover completed in January this year. The combined operating ratio in its final … Read more
China announced plans for a rare briefing on the economy by three top financial regulators just as it cut one of its short-term policy rates, fueling speculation authorities are preparing to ramp up efforts to revive growth. Authorities announced Monday that central bank governor Pan Gongsheng will hold a press conference tomorrow on financial support … Read more
A conference chaired by M. Nagaraju, Secretary of the Department of Financial Services (DFS), brought together Chairpersons of Debt Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debt Recovery Tribunals (DRTs) in New Delhi on Saturday. The meeting, attended by senior officials from public and private sector banks, as well as representatives from the Indian … Read more
Karnataka Congress leader and Lok Sabha MP B Manickam Tagore has expressed concern over a severe shortage of lower denomination currency notes in rural Karnataka. In a letter to Finance Minister Nirmala Sitharaman, Tagore highlighted the hardship faced by the rural communities and urban poor in Karnataka due to the shortage of Rs 10, Rs … Read more
Former RBI Deputy Governor SS Mundra believes that considering the global environment, the US Federal Reserve’s actions, and signs of a slowdown in both consumer and investment activities within India, a 25 basis points (bps) rate cut is likely in the Reserve Bank of India’s (RBI) next policy announcement in October 2024. Param Subramanian of … Read more