Aathira Varier

Young Indians drive boom in unlimited health cover: Policybazaar data

Rising medical costs and greater awareness are driving demand for unlimited sum insured health plans, with millennials, Gen Z and consumers in smaller cities leading the shift

IndusInd Bank loan book grew in Q1, a first since accounting lapse

Public sector lenders Union Bank of India, Central Bank of India and Canara Bank posted double-digit growth in advances in April-June of FY27

Rating upgrade to A will put GIC Re in a more stable position: GIC Re CMD

GIC Re chief Hitesh Joshi outlines plans to strengthen underwriting, diversify globally, expand specialty reinsurance and capitalise on emerging risk opportunities

Banks' loan growth outpaces deposit growth in Q1 across public, pvt lenders

Business updates from public and private sector banks showed advances growing faster than deposits during the April-June quarter, reflecting sustained credit demand

Advances growth outpaces deposits at smaller private banks in Q1 FY27

South Indian Bank, Tamilnad Mercantile Bank and Dhanlaxmi Bank reported stronger growth in advances than deposits during the April-June quarter of FY27

Policybazaar parent PB Fintech to invest Rs 20 cr in payments business

Policybazaar parent will fund its payments arm to support business expansion and set up two DIFC-based subsidiaries for insurance advisory and reinsurance services

Kotak Bank to buy Deutsche Bank's India retail, wealth biz for ₹282 cr

Approximately 1,000 Deutsche Bank employees in India are expected to join Kotak Mahindra Bank as part of this transaction

Life insurance policy surrenders outpaced maturity payouts: RBI report

Reflects policyholder dissatisfaction, product mis-selling, among others

Bima Sugam's first products set for Sept-end launch: Irdai Chairman

Irdai Chairman Ajay Seth says Bima Sugam will roll out initial motor, health and term insurance products by September-end as insurers complete technology integration with the platform

Bank credit to NBFCs jumps 34% in May, lifts services sector lending growth

Bank lending to NBFCs surged 33.7 per cent year-on-year in May, helping drive services sector credit growth, while industry, retail and agriculture lending also remained strong

Axis Bank FY26 attrition rate down to 22.4%; employee count drops 3%

The lender hired more than 31,000 employees during FY26 and expanded its branch network, while reducing attrition and stepping up investments in AI and workforce productivity

Yes Bank gets board nod to raise ₹16,000 crore through equity and debt

Yes Bank said the fundraising would not result in more than 10% dilution of existing shareholders' stake

Generali Central General Insurance targets ₹10K cr premium in five years

The insurer plans to focus on profitable growth by expanding retail health, fire and SME insurance while reducing exposure to intensely competitive group health business

SBI Card leads May credit card additions as industry adds nearly 1 mn cards

SBI Card added the highest number of new credit cards in May as the industry added nearly one million cards, while credit card spending rose to Rs 2.02 trillion

Protection products drive near double-digit VNB growth for life insurers

Life insurers reported healthy growth in value of new business in FY26 as higher sales of protection and non-par products lifted profitability despite higher operating costs

RBI's AI risk framework to strengthen governance, oversight of AI models

The central bank's draft guidelines require board-approved model risk frameworks, stronger oversight of AI models and enhanced safeguards for customer-facing artificial intelligence applications

Govt sets performance targets for state-run general insurers for FY27

Government sets ambitious FY27 KPIs for PSU insurers, targeting lower claims ratios, faster settlements and stronger digital adoption

Demand for life insurance to remain strong in FY27, says Keki Mistry

Chairman Keki Mistry says favourable demographics, rising financial awareness and regulatory reforms will support long-term growth in India's life insurance sector

Axis Bank scales AI deployment across operations: MD & CEO Amitabh Chaudhry

Axis Bank scales up AI deployment across operations, customer service and risk functions, targeting wider automation and productivity gains by FY27

Pvt life insurers rekindle agency networks amid scrutiny over bancassurance

Private life insurers are ramping up agency investments to diversify distribution as concerns over bancassurance mis-selling trigger closer scrutiny