Aathira Varier

GIFT City's insurance, reinsurance premium ecosystem grows to $1.2 billion

GIFT City's insurance and reinsurance ecosystem grows over 11-fold to $1.2 billion by 2025, driven by global entrants, rising underwriting capacity and expanding IFSC market

ARCs likely to see improved growth in AUM in FY27 amid West Asian conflict

Asset reconstruction companies are likely to see steady AUM growth in FY27, driven by stress in MSMEs and retail segments amid geopolitical tensions and interest rate concerns

Excess capacity, lower losses drive sharp fall in reinsurance rates

Reinsurance rates soften sharply in latest renewal cycle, with property premiums dropping up to 90 per cent amid excess capacity, lower losses and rising competition

Crisil to Icra: Rating upgrades tempered in FY26 as downgrades edged up

West Asia conflict to test India Inc's balance-sheet strength and margins in FY27

Excess capacity, low losses drive steep fall in reinsurance rates

Reinsurance rates have softened significantly, with property premiums dropping up to 90 per cent amid excess capacity, low losses, and intense competition

Irdai forms joint expert group to guide insurers on Ind AS transition

Irdai forms a joint expert group to guide insurers on Ind AS transition, addressing implementation challenges, audit clarity, and actuarial roles

BFSI firms use AI, but only a handful track its impact on revenue

AI adoption is widespread in BFSI firms to improve efficiency, but most companies lack mechanisms to track its revenue impact, limiting its role in driving measurable business outcomes

Irdai notifies Ind AS norms for insurers; allows one-year forbearance

Regulator allows one-year forbearance and extends parallel reporting to two years as insurers transition to Ind AS framework from April 2026

Banks' gold loan portfolio surges 128% in February, shows RBI data

Gold loans drive retail credit growth, with bank lending against jewellery doubling year-on-year in February, sharply outpacing overall retail loan expansion

CMS Info Systems acquires FSS ATM management business for ₹115 crore

The deal will add nearly 8,000 units and new private sector banking ties, strengthening CMS Info Systems' managed services portfolio and advancing its ATM solutions consolidation strategy

Bank credit growth slows to 13.8% in March 15 fortnight, deposits rise

Bank credit growth eased to 13.8 per cent in the March 15 fortnight, while deposit growth improved to 10.8 per cent, reflecting tax outflows and seasonal lending trends

Strait of Hormuz opens to ships but marine covers to stay pricey

Insurance brokers say war-risk premiums will remain elevated as uncertainty persists in West Asia despite Iran allowing passage for non-hostile vessels through Hormuz

IPL insurance premiums likely to drop 15-20% this year on lower claims

Driven by rising valuations, the sum insured has gone up 25-30%

Gold price correction: Lenders seek more collateral if LTV is breached

Borrowers asked to pledge additional gold or repay loans as lenders monitor LTV breaches amid price correction and rising volatility in the gold market

Soft landing for aviation insurance premiums amid benign loss trends

Aviation insurance rates have softened due to excess reinsurance capacity and lower global losses, though geopolitical risks continue to influence underwriting conditions

SBI Card's share in credit card spends rises to 17.6% in Apr-Feb 2026

Analysts said the decline in private banks' share was largely driven by contraction among small and mid-sized lenders, while leading private banks broadly maintained their positions

Outward remittances under RBI's LRS decline 3.19% in January 2026

Outward remittances under RBI's LRS declined 3.19 per cent to $2.68 billion in January 2026, with lower education and deposit outflows partly offset by rising overseas investments

NRI deposit flows fall 25.86% to $10.61 bn in April-January: RBI data

NRI deposit inflows declined 25.86 per cent to $10.61 billion in April-January 2026, mainly due to a sharp fall in FCNR deposits, even as NRE and NRO inflows rose

Govt launches ₹20,000 crore credit guarantee scheme to boost MFIs

Scheme aims to ease liquidity constraints, boost credit flow to small borrowers, and support microfinance institutions with graded guarantee cover and lending norms

Who led and departed: Tracking key banking exits and leadership trends

HDFC Bank chairman Atanu Chakraborty quits citing ethical concerns, as spotlight turns on governance and trend of former bureaucrats leading private sector banks