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Terming it India’s biggest financial scam, the investigative news portal Cobrapost, on Tuesday, 29 January, claimed that the primary promoters of Dewan Housing Finance Corporation Limited (DHFL) have been found to have siphoned off more than Rs 31,000 crore of public funds. DHFL denies Cobrapost allegations, calls report mischief with mala fide intent. Yashwant Sinha demands probe into fund diversion by DHFL.

We Offer A Diversified Portfolio Of Products From Protection To ULIPs: Munish Sharda

In an interview with BW Businessworld, Munish Sharda, MD and CEO, Future Generali India Life Insurance Company, talks about insurance industry, products and more

Yes Bank Gets RBI Nod For Ravneet Singh Gill To Be CEO

The private sector bank also posted a 7 per cent fall in third-quarter net profit as it set aside higher provisions

RBI Making U-turn, Seen Shifting To Neutral In Feb, Cutting Rates By Mid-Year: Report

The RBI’s mandate is to control price pressures, which historically have been difficult to tame in India

We Aim To Build & Run A Well-diversified Portfolio Rather Than A Concentrated One: Harshad Patwardhan, Edelweiss Asset Management

In an interview with BW Businessworld, Harshad Patwardhan , CIO – Equities, Edelweiss Asset Management, talks about the newly launched small cap fund

Union Bank Of India Third-Quarter Profit Misses Estimates

Net profit was 1.53 billion rupees ($21.48 million) in the three months to Dec. 31, 2018, compared to a loss of 12.50 billion rupees a year earlier, the bank said

Kotak Mahindra Bank Profit Climbs 23 Per Cent On Higher Interest Income

Net profit at the private sector bank came in at 12.91 billion rupees ($181.20 million) for the three months to Dec. 31, compared to 10.53 billion rupees a year earlier

Reduction in provisioning helped few corporate banks report better profitability: Arun Thukral, MD & CEO, Axis Securities

In an interview with BW Businessworld, Arun Thukral, MD & CEO, Axis Securities, talks about mutual funds market and more

We Expect To See More Innovative Products To Be Launched In 2019: Ritesh Kumar, HDFC ERGO General Insurance Co

In an interview with BW Businessworld, Ritesh Kumar, MD & CEO, HDFC ERGO General Insurance Company, talks about key trends in general insurance space in 2019 and more

Citigroup Sees $2 Billion More Revenue From Lending In 2019, Shares Rise

Chief Financial Officer John Gerspach pointed to growing revenue from its consumer banking business and a reduced government surcharge for deposit insurance, as drivers for net interest income this year

Whole Life Term Insurance Is An Ideal Product For The Indian Market: Souvik Jash, Appointed Actuary, Aegon Life

In an interview with BW Businessworld, Souvik Jash, Appointed Actuary, Aegon Life, talks about the trend in 2019 in the life insurance space and more

Bandhan Bank Q3 Profit Rises 10%, But Asset Quality Worsens

Net profit was Rs 3.31 billion ($46.89 million) for the three months ended Dec. 31, compared to 3 billion rupees a year earlier

Yes Bank Finalises Potential Candidates For Top Job

The private sector bank will now seek approval from the Reserve Bank of India (RBI) for the CEO appointment, and will make the relevant disclosures after the RBI's approval, the lender said in a statement

IndusInd Bank Third-Quarter Profit Rises 5 Per Cent