Aathira Varier

An IIM Kozhikode panel has proposed splitting LIC and divesting weak PSU insurers to boost competition, capital and insurance penetration under the 'Insurance for All by 2047' vision

The company's expenses rose 30.03 per cent YoY to ₹4,532.68 crore, with net commission expenses rising 17.55 per cent YoY to ₹2,272 crore

Months after acquiring a 24.21% stake in Yes Bank, Japan's SMBC has received RBI's in-principle approval to set up a wholly owned banking subsidiary in India

CAR not less than 12%; net NPA not above 3%

The expenses of the insurer were up by 16.19 per cent YoY to Rs 6,039.06 crore in the quarter, while commissions rose by 15.5 per cent YoY to Rs 1,343.1 crore

The net investment income of the insurer for the quarter stood at Rs 10,745.64 crore, compared with a loss of Rs 7,905.93 crore in the year-ago period

RBI's Swaminathan urges banks to strengthen compliance, operational resilience, data governance, and third-party risk management to prevent disruptions and improve supervision

Analysts flag 175-350-bp hit despite healthy premium growth

Insurers seek Irdai clarity on a new law barring common directorships, a move that could disrupt boards of bank-backed insurance companies

Life insurers clocked nearly 40% year-on-year growth in December new business premiums, led by LIC and aided by GST rationalisation that improved affordability

Studying the implications, and will take deeper look at the company's financials, bankers said

The government is considering changes to insurance commission structures to lower acquisition costs and improve affordability, DFS Secretary M Nagaraju said

Insurance companies have sought clarification from Irdai on a provision barring directors from holding board roles across insurers, banks and investment firms, citing governance and compliance concern

Banking Regulation (Amendment) Act has prescribed a ceiling on the continuous tenure of directors on both state and central co-operative banks and urban co-operative banks, raising it from 8 to 10 yrs

RBI has flagged high expense structure, particularly acquisition costs of insurance companies, in its recent report

"In terms of hiring strategies for lenders, hiring is now more focused on the business side rather than collections," said a private sector bankers

In April-December period, premiums are up nearly 14% YoY

Banks report strong loan growth in Q3 FY26 as GST rate cuts lift demand, with credit outpacing deposits for most lenders even as funding pressures persist

HDFC Bank's C/D ratio surges to 99.5%

Six banks reporting Q3 FY26 business updates recorded double-digit year-on-year growth in advances, while deposit growth also remained healthy across public and private lenders