Three large private life insurance companies, ICICI Prudential Life Insurance, HDFC Life Insurance and SBI Life Insurance, have seen their stocks rallying by 70-100 percent from their 52-week low price seen in March 2020. But the financial performance of all these life-insurers was tepid in the first quarter of FY21 as their business was impacted by the pandemic. … [Read more...] about Ideas For Profit | Which life insurance stock offers better value for investors?
Sell life insurance policy for cash
Brokerages believe many non-banks will seek fresh equity capital to pre-empt any worsening due to COVID-19. They estimate around $3.5bn-4.5bn of equity raising from this segment. The reasons include risk mitigation, cash conservation, confidence or growth capital and opportunity capital. … [Read more...] about Shriram Transport Finance hires 8 bankers for a Rs 1,500 crore rights issue
Given the inherently leveraged business models of Financial Services companies, the importance of each of these traits is further amplified and therefore we believe we can put our skills around forensic accounting and understanding barriers to entry to good use to create a portfolio of high quality Financial Services stocks, says Mukherjea. … [Read more...] about D-Street Talk: Saurabh Mukherjea gives a low-down on how he picks winners for Kings of Capital portfolio
Promoter entity Max Ventures Investment Holdings on August 5 has offloaded 2.26 percent equity stake in Max Financial Services via open market transactions. It sold 61 lakh shares at Rs 535.18 per share, the bulk deals data available on the BSE showed. … [Read more...] about Max Financial promoter offloads shares worth Rs 326 crore, MIT acquires 2% stake in NIIT
Rajan: We have just come out with a report for the Group of 30, titled, ‘Central Bank Digital Currencies & Stable Coins’, which addresses some of these issues. It actually released on August 4. I have always been of the view that financial innovation should not be shut down. We should allow it to emerge and in some ways we should experiment in a contained fashion. The mistake is to either shut it down or to let it flourish without any control or regulatory structures monitoring it as it could become too big and then you recognise there are lots of problems. So, contained experiment has always been my view. … [Read more...] about Q&A: Raghuram Rajan warns against extending loan moratorium, recalls Andhra Pradesh microfinance crisis