Aathira Varier

Overall spending rose 9.8 per cent year-on-year as HDFC Bank and SBI Card led growth, while outstanding credit cards crossed 121.6 million

Shriram Finance posted a 60% jump in Q1FY27 net profit to ₹3,444 crore, driven by strong NII growth, higher AUM and an improvement in net interest margin

ICICI Bank, Axis Bank and Kotak Mahindra Bank reported lower attrition in FY26, while HDFC Bank saw a marginal rise as technology and digitisation reduced headcount

War-risk insurance premiums on Gulf shipping routes have surged amid renewed West Asia tensions, raising costs for vessels avoiding high-risk corridors

Higher overseas investments and deposit-related remittances lifted outward LRS flows in May, although spending on travel and overseas education declined

The moderation was driven by weaker inflows into NRE and FCNR(B) accounts, though recent RBI measures have triggered a sharp rise in fresh FCNR(B) deposits

The state-owned lender reported higher net interest and non-interest income in the June quarter, while provisions surged mainly due to tax-related liabilities

Total income from operations increased 12 per cent Y-o-Y to ₹4,973.9 crore during the quarter

Seshadri said as the bank is not offering leverage, their proposition is attractive to smaller depositors and customers in geographies where leveraged products do not enjoy tax advantage

India's outward FDI commitments fell 47.9 per cent year-on-year to $3 billion in June as equity, debt and guarantee commitments declined, according to RBI data

The RBI said inflows under its concessional swap schemes reached $20.72 billion till July 17, led by FCNR(B) deposits, while India's outward FDI fell nearly 48 per cent in June

Banks booked modest treasury gains in Q1FY27 despite softer bond yields as they pared excess SLR holdings and sold government securities to support credit growth

Axis Bank's June-quarter profit rose on lower provisions and an 8 per cent increase in net interest income, even as margins narrowed and bad loans edged higher

Life and general insurers are expanding AI deployment across underwriting, claims, fraud detection and customer service to improve efficiency, productivity and turnaround times

The lender reported higher quarterly profit on strong growth in net interest income and advances, while saying it has already mobilised $150 million under the FCNR(B) scheme

The general insurer's shares tumbled after a 46 per cent drop in June-quarter profit, as higher claims, reserve provisioning and competitive pressures weighed on profitability

RBI's Financial Inclusion Index improved to 70 in FY26 from 67 a year earlier, driven mainly by higher usage, while all three sub-indices registered growth

The insurer says its decade-long bancassurance partnership with Standard Chartered remains strong despite speculation following Prudential Plc's Bharti AXA Life acquisition

Private sector lender's June quarter earnings were supported by higher net interest income, lower provisions and an improvement in asset quality despite a decline in other income

HDFC Life and ICICI Prudential Life Insurance reported double-digit growth in first-quarter profit, supported by higher premium collections, investment income and healthy business growth