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Friday, 12 January 2018
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Tuesday, 9 January 2018
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Monday, 8 January 2018
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Friday, 5 January 2018
banking service chronicle
Bsc magazine in hindiHDFC. Life Insurance and Apollo Munich Health have come together to launch 'Click2Protect Health plan', which provides both life and health cover under a single plan. This plan combines the benefits of MK Life's
'Click2Protect 3D Plus (term)
protection plan' and Apollo Munich's
'Optima Restore health indemnity
plan'.bsc daily current affairs The flagship term insurance product of HDFC
Life has been teamed up with Apollo Munich's flagship health insurance product.
The regulatory encouragement
to have a combination product.which offers a
combination of life and health
insurance benefits, has encouraged
the firms to bring these two products
together.bsc academy The new product is also cheaper because there is an overall 5 per cent discount if the customer buys the two products
together.
Thursday, 4 January 2018
banking service chronicle
Banking chronicle The ICICI Bank, the country's largest private sector bank by consolidated assets, on 9 Oct committed financial assistance of ZIO cr to the Indian armed forces. The contribution, payable in two equal tranches this year and next year bsc chronicle, will be utilisedtowards welfare activities and betterment of the families of ex-servicemen, who lost their
lives guarding the nation bsc magazine-Buy–Now. ChandaKochhar,MD & CEO,
ICICI Bank, handed over the cheque
for ZS cr to DefenceMinister
NirmalaSitharaman
Monday, 1 January 2018
banking service chronicle
Banking chronicle The Reserve Bank of India (RBI) on 4 Oct issued rules for non-banking financial companies (NBFCs) that want to operate as peer-to-peer (P2P) lending platforms Banking chronicle. The central bank has specified that the maturity of the loans must not exceed 36 months. The aggregate exposure of a lender to all borrowers at any point
of time, across all P2Ps bsc chronicle, would be subject to a cap
of ZIO lakh. The same limit applies to aggregate loans taken by a borrower at any point of time, across all P2Ps bsc
chronicle. The exposure of a single lender to the same borrower, across all P2Ps, must not exceed 250,000. Also, every company seeking to register with the central bank as an NBFC-P2P needs to have a net owned fund of not less than n cr
or higher, i f the regulator specifies it. bsc magazine-Buy–Now A
certificate of registration would be needed
to commence business and existing P2P
platforms can apply within three months.
bsc
magazine-Buy–Now An NBFC-P2P
cannot raise deposits or lend on its
own and shall act as an intermediary.
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