Aathira Varier

RBI pushed the amended credit information reporting directions to July 1, 2026 and eased reporting requirements after feedback, while also clarifying rules for BSBD accounts

Private banks drew more complaints than state-owned lenders for the first time in FY25, as overall grievances under RBI's Ombudsman Scheme rose sharply

The Centre has appointed LIC's executive director and chief financial officer Ramakrishnan Chander as managing director from December 1, with his tenure running till September 2027

LIC's investment in Adani Group cos as of September 30 stood at Rs 48,284.62 crore

Complaints under the RBI's Integrated Ombudsman Scheme grew to 1.33 million in FY25, driven by grievances over loans, credit cards and mobile banking

There are also 10 reinsurers who are in their preliminary stages of discussion

Volatile equity markets and lower deposit rates boosted demand for non-par guaranteed-return products in H1FY26, lifting their share across most listed life insurers except HDFC Life

India's microfinance sector saw its sixth straight quarterly decline in gross loan portfolio in Q2 FY26, with sustained funding squeeze pushing nearly 5 million borrowers out of formal credit systems

PFRDA chief S Ramann said two banks have applied to launch pension funds as regulator expands outreach to smaller cities, explores tech partnerships and plans to allow gold and silver ETF investment

Irdai has raised concerns over rising complaints, urging insurers to improve grievance redressal systems, standardise classification processes

MD & CEO of Bajaj Life Insurance, spoke about how the company has navigated the challenges related to the withdrawal of Input Tax Credit (ITC), how life has been after Allianz's exit

Regulatory shocks and withdrawal of a tax benefit slowed down growth, nudging firms to focus on affordability, efficiency and chasing more customers

A new BCG-Medi Assist report highlights how fraud, waste, and abuse are eroding insurer margins, inflating premiums and weakening sectoral RoE, with mid-ticket claims driving most leakages

A slew of foreign insurers have already either bought stakes in existing insurance companies, or formed a new joint venture to tap the potential of the Indian insurance market

Industry leaders say phased deadlines through 2027 give them time, but the compliance effort will require major process redesign

IRDAI member Swaminathan Iyer stresses the need to track ₹1.9 trillion in unclaimed life insurance funds to build trust and boost penetration, vital for achieving 'insurance for all by 2047'

Health insurers are weighing 10-15% premium hikes and city-based pricing as pollution-linked claims rise sharply across metros, driven by increasing health complications and higher medical costs

Deepak Sood says zero GST on life and health insurance has sparked strong growth, with demand set to accelerate in H2FY26 as the industry pushes for deeper penetration and better distribution

MD & CEO Sumit Madan says product mix tweaks and cost control will offset ITC loss as firm targets "breakout number 3" position in industry

Each partner commits to invest Rs 1,250 cr in the first five years of new venture