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Life insurance to remain important than other investments: Survey Premium 1 min read The survey reached out to 1,369 respondents across nine centres in the age group 25-55 Unlike the pre-covid-19 times, people are more inclined to buy a term plan than a unit-linked insurance plan or a traditional policy Share Via Read Full Story The momentum of buying life insurance may have slowed down compared to the initial days of the covid-19 pandemic. However, it remains the top priority of those who have not purchased it yet or don't have adequate cover, according to a survey. TRENDING STORIESSee All 1...

SBI shelves plan to hive off Yono app SBI is also looking to expand Yono Business through which it has made it easier for corporate customers to apply for letters of credit and bank guarantees.Premium 2 min read Share Via Read Full Story State Bank of India (SBI) has shelved plans to hive off its super app Yono. It will instead build the app into a wider platform that can be used by rival lenders and add more capabilities to it. “The potential for monetization is there, but the timeline for monetization is not. Yono has to be extended in a manner that goes beyond SBI," a senior banker aware...

While the govt has the final say in deciding the buyers, from the regulator’s perspective, the bidders should meet RBI’s fit and proper criteria and have enough financial strength to capitalize the banks significantly, Governor Shaktikanta Das said

India renewables firms cry foul as state seeks to renege on pact Gujarat Urja Vikas Nigam had awarded the contracts to firms, including ReNew Power, Tata Power and SJVN for building solar capacity at tariffs of as much as ₹2.81 a kilowatt-hour (Photo: Mint)Premium . Updated: 24 Feb 2021, 03:18 PM IST Bloomberg The Centre has stepped in to mediate a dispute between Gujarat and solar power developers over the province’s plan to backtrack on bids for a 700 megawatt project because of high tariffs and invite fresh ones Share Via Read Full Story India’s federal government has stepped in ...

India’s sprinting recovery faces some final hurdles going ahead Premium Capital spending has a higher growth multiplier effect and public spending results in crowding-in of private capex. 2 min read Bank balance sheets are still stuck with legacy bad assets and this could impact India’s revival Share Via Read Full Story The recent improvement in high-frequency data has boosted the prospects of India’s economic recovery. Electricity consumption, freight, commercial vehicle sales, manufacturing output and imports have all reached pre-pandemic levels. While rejoicing is warranted, analysts...