Payments banks may ring in better days for insurers, MFs

Last Updated: Thursday, August 20, 2015, 23:41

Insurers and fund houses see payments banks (PBs) as a boon for the sector as opportunities of cross-sell would help deepen their reach in rural areas.

Low interest rates make saving nearly mission impossible

Last Updated: Sunday, May 17, 2015, 12:23

While borrowers rejoice at the ultra low and even negative interest rates in Europe, savers fret and life insurance companies and pension funds face what is virtually a mission impossible.

LIC stake in Axis Bank crosses 10%

Last Updated: Wednesday, January 22, 2014, 16:38

The stake of country's largest life insurer LIC in Axis Bank has crossed 10 percent after it picked up the private lender's shares through open market transactions.