Page 12 - Nikunj Ohri

Streamline investment for insurance, pension funds in InvITs: NITI Aayog

A staggered approach should be followed for streamlining of investment guidelines and limits to keep pace with the growth in the InvIT market, it suggested

430 million Jan Dhan accounts have Rs 1.46 trillion, shows data

Seven years after the initiative was launched, the average deposit per account is Rs 3,398, which has increased 2.7 times over August 2015

Govt looks to sell shares of Reliance Industries held through SUUTI

The plan is to sell about 8 lakh shares of RIL that will help the government garner around Rs 180 crore

KPMG to assist government in strategic divestment of IDBI Bank for Rs 1

The near-zero bid could make KPMG one of the largest players in managing deals in the financial services space if IDBI Bank sale is a success

Govt approves extension of terms of three MD-CEOs, 10 EDs of PSU banks

Mallikarjuna Rao of PNB, Atul Kumar Goel of UCO Bank and A S Rajeev of Bank of Maharashtra are the three MD-CEOs to have got extensions

Eye on retail, SME credit as public sector banks prepare for festivals

Banks to ramp up efforts during outreach programme

Family pension of bank employees set at 30% of last drawn salary: Govt

PSBs' pension contribution for employees under NPS also hiked to 14%, says DFS secy

CCEA approves Rs 15,000 crore FDI in Fairfax India's investment arm

Investment also includes transfer of shares of Bangalore International Airport Limited to Anchorage, and Rs 950 crore in the investment arm of Prem Watsa-owned Fairfax India by Ontario Inc

Govt may permit foreign direct investment in LIC ahead of mega IPO

Allowing foreign investors to invest in LIC would aid its listing, expected to be the largest initial public offering in India

Asset monetisation pipeline: Govt used 4 methods to value Rs 6-trn assets

Experts say estimates should not be used as reserve price during bidding

FM announces plan to monetise assets, realise Rs 6 trillion till 2024-25

The plan covers 20 asset classes spread over 12 line ministries and departments

16 merchant banks in fray for lead managers to LIC IPO, govt may choose 10

The entities will have to make a presentation to DIPAM on August 24-25

LIC IPO: Centre plans big push to participation by retail investors

The government is also planning a big advertisement campaign for the listing of the IPO

FM to launch 4-year national asset monetisation plan on Monday

Govt has planned a Rs 6-trn pipeline of assets that can be monetised, which will include those put on block for private sector participation

Government amends FEMA to enable FDI hike in insurance sector to 74%

Applications for FDI in pvt banks having JVs in insurance sector may be addressed to RBI for consideration in consultation with IRDAI to ensure foreign investment limit of 74% is not breached

Govt to sell up to 25% stake in National Seeds Corp; seeks advisors for IPO

Govt is also looking to appoint up to two merchant bankers who would have handled OFS of at least Rs 1,000 crore, and an IPO of Rs 500 crore in the past three years

Paradeep Phosphates plans IPO as government seeks exit route

The company prepared a draft red herring prospectus and sought views, as well as a go-ahead, from DIPAM

As Carlyle deal hits legal hurdle, PNB Housing plans Rs 35k-cr debt capital

Preferential allotment will be made post receipt of regulatory, shareholders and legal approval, says mortgage lender

Rs 6 trillion asset monetisation plan in the offing, says DIPAM secretary

"National monetisation plan will have a range of assets from Power Grid pipelines to national highways, toll operate transfer (TOTs)," said Pandey

Nearly half the loans under ECLGS went to services sector, traders

Together, the two sectors account for over Rs 91,000 crore worth of govt-guaranteed loans out of a total of Rs 1.98 trillion