George Mathew is a Deputy Manager at The Indian Express, specializing in national news coverage in India. With a focus on finance and economics, George's articles provide insights into the Indian financial market, government policies, and economic trends. His work has also been featured in Maddyness and Global Trade Magazine, showcasing his expertise in the field.
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George Mathew's coverage is primarily focused on the finance and economy of India, with a specific focus on banking, financial markets, insurance, and interest rates. He frequently cites data and reports government announcements. To effectively reach out to George, consider providing insights supported by credible data related to the Indian economy or financial sector. You may also offer expert analysis or commentary regarding investment trends impacting India's financial landscape.
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By: George Mathew
The new Governor inherits a fairly stable financial, monetary ecosystem unlike his predecessors
The number of credit cards issued by banks also rose rapidly to 10.61 crore as of September 2024 from 9.3 crore in September 2023, 7.36 crore in March 2022 and 6.20 crore in March 2021, RBI data shows.
By: George Mathew
Bohra said 100 per cent FDI in insurance will create a huge impact but maintained that allowing an agent to represent multiple insurers would not be correct.
A composite licence allows an insurer to operate multiple lines of businesses like life, health and non-life insurance under one entity. This is not allowed as of now.
Total recoveries from write-offs were only 18.70 per cent at Rs 1,85,241 crore in the last five years, according to the Reserve Bank of India data.
The rupee depreciated to a new low of 84.93 per dollar intra-day on Tuesday and closed flat at 84.90 due to the widening of India’s merchandise trade deficit in November.
By: George Mathew
This has happened at a time when banks managed to bring down overall gross NPAs from Rs 6.97 lakh crore (5.89 per cent of advances) in March 2022 to Rs 4.56 lakh crore (2.79 per cent) by March 2024.
By: George Mathew
The number of wilful defaulters had gone up from 2,154 in March 2020 to 2,664 in March 2024 and the amount they owed rose from Rs 1,52,860 crore to Rs 1,96,441 crore in the last four years, as per the RBI data.
By: George Mathew
Standalone health insurers' claim ratio only at 64.71 pc; life insurers pay Rs 51,524 crore as commission
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