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Ashvin Parekh, a consultant who has been advising the insurance industry for two decades, said that it made sense for companies to have local management as the Indian market is different from the West when it comes to investment products, actuarial tables or even reinsurance. Also, the contribution of foreign MNCs is not the same as earlier.
Lending rates likely to stay low on weak credit demandAddition to deposits at Rs 13.4 lakh crore over 12 months to May 21 was more than double the increase of Rs 6.1 lakh crore in loans outstanding, show Reserve Bank of India data.
from Stocks-Markets-Economic Times https://ift… Read MoreNSE futures volumes take a hit on rising peak marginsThe so-called peak margin for intraday trades rose to 75% of the minimum margin on stock and index futures from June 1 and will stay that way through August end, after which it will increase to100% of the minimum margin for t… Read MoreMonetary expansion already happening: C RangarajanThere is no doubt that government expenditure has to remain high. The actual stimulus is a consequence of the level of deficit that is being maintained. The Budget indicates a deficit of 6.8% for the Centre. The states will h… Read MoreDirect monetisation should be last resort: D SubbaraoThe current situation does not call for the RBI directly monetising the deficit. The cost of doing that will be much more than the benefits. There is an enormous amount of liquidity in the system. Banks are flush with funds a… Read MoreStocks in the news: Tata Steel, PNB, Quess Corp, BoB, MRF and DHFLPNB posted a standalone profit of Rs 586.33 crore for the fourth quarter ended March, aided by good increase in interest income.
from Stocks-Markets-Economic Times https://ift.tt/3ptCxbV
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