Dena Bank, LIC sign MoU to provide life cover under PMJBY
State-run lender Dena Bank on Monday signed agreement with LIC to provide insurance cover to its savings account holders under the Prime Minister’s Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJBY) scheme. Under the Memorandum of Understanding, LIC will give a life cover of Rs 2 lakh in case of... read more »
Banking sector must grow by 4-5 times to finance higher GDP: Jayant Sinha
For accelerating and sustaining growth over the next decade from the present 7-8%, India has to move from the $2 trillion economy to $4-5 trillion economy, Jayant Sinha, Minister of State for Finance, said. Speaking on the imperatives of financing growth, Sinha, dwelt upon three broad areas which... read more »
Gold futures down 0.19% on profit-booking
NEW DELHI: Gold futures declined 0.19 per cent to Rs 26,945 per 10 grams as investors indulged in booking profits at prevailing levels amidst a weak trend in global markets. Gold prices fell by Rs 52, or 0.19 per cent, to trade at Rs 26,945 per 10 grams for delivery in June at the Multi Commodity... read more »
RBI policy: Raghuram Rajan holds rate but sends out a strong message to ban...
For a change, there wasn’t any surprise in the Reserve Bank of India’s (RBI) first bi-monthly policy of fiscal year 2016. The status-quo in the repo rate and cash reserve ratio (CRR) were maintained at 7.5 percent and 4 percent, respectively. Repo rate is the rate at which banks get money form... read more »
