Related
|
Last
|
Previous
|
Unit
|
Reference
|
Interest rate
|
4.00
|
4.00
|
percent
|
Apr 2022
|
Cash Reserve Ratio
|
4.00
|
4.00
|
Percent
|
Apr 2022
|
Interbank Rate
|
4.25
|
4.25
|
Percent
|
Apr 2022
|
Money Supply M1
|
51383.74
|
50341.00
|
INR Billion
|
Feb 2022
|
Money Supply M2
|
52856.60
|
52307.17
|
INR Billion
|
Mar 2022
|
Money Supply M3
|
208171.19
|
202796.08
|
INR Billion
|
Apr 2022
|
Foreign Exchange Reserves
|
603690.00
|
604000.00
|
USD Million
|
Apr 2022
|
Central Bank Balance Sheet
|
31538.28
|
32452.02
|
INR Billion
|
Mar 2022
|
Loan Growth
|
11.20
|
9.60
|
Percent
|
Apr 2022
|
Reserve Repo Rate
|
3.35
|
3.35
|
Percent
|
Apr 2022
|
To sum up, we can conlude that M2 is higher than M1 in both of previous and last period of time in 2022. In percent rates, Cash reserve ratio and interest rate are the same and interbank rate is a slightly more than these two ones. Reserve Repo Rate didn’t change at all in given year. Loan Growth has a noticeable increasing which is from 9.60 to 11.20.
Insurance Market
INTRODUCTION6
Insurance is a type of financial activity, the purpose of which is to idemnity legal entities and individuals in the event of an insurance risk from the insurance fund formed at the expense of funds paid by them. Insurance risk is an event that has no probability and chance of occurring regardless of people’s conscious activity.
The insurance industry of India has 57 insurance companies - 24 are in the life insurance business, while 34 are non-life insurers. Among the life insurers, Life Insurance Corporation (LIC) is the sole public sector company. There are six public sector insurers in the non-life insurance segment. In addition to these, there is a sole national re-insurer, namely General Insurance Corporation of India (GIC Re). Other stakeholders in the Indian Insurance market include agents (individual and corporate), brokers, surveyors and third-party administrators servicing health insurance claims.
Life insurance business, India is ranked tenth in the world. India's share in global life insurance market was 2.73 per cent during 2019. Compared to the previous year, the life insurance premium in India increased by 9.63 per cent whereas global life insurance premium increased by 1.18 per cent. In non-life insurance business, India is ranked 15 in the world. India's share in global non-life insurance market was 0.79 per cent during 2019. Compared to the previous year, the non-life insurance premium in India increased by 7.98 per cent whereas global non-life insurance premium increased by 3.35 per cent. Globally, the share of life insurance business in total premium was 46.34 per cent and the share of non-life insurance premium was 53.66 per cent during 2019. However, the share of life insurance business for India was high at 74.94 per cent while the share of non-life insurance business was at 25.06 percent.
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