Page 11 - Aathira Varier

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

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

Prudential may exit life insurance joint venture with ICICI Bank

In talks with BhartiAxa for possible stake buy

India's outbound FDI falls to $2.76 billion in February: RBI data

Overseas investment declines year-on-year and sequentially, with moderation in equity commitments and mixed trends in loans and guarantees

Bima Sugam to roll out standardised life, health, motor insurance this year

Irdai to set up Public Insurance Repository to strengthen data infra

India Inc's ECB and FCCB intent hit new FY26 high in January 2026

According to RBI data, $4.18 billion was proposed through the automatic route and $1.15 billion through the approval route

IDBI Bank shares plunge 16.5% amid reports govt may scrap stake sale

Stock falls sharply after reports suggest the government may scrap the proposed stake sale in IDBI Bank as bids reportedly came below the reserve price set for the divestment

Bandhan Bank shares slide 7.5% on reports of promoter exit options

Shares fall sharply after reports that promoter Bandhan Financial Services is exploring options including a stake sale or IPO to facilitate exits for long-term investors

Fino Payments Bank denies links to betting and gaming activities

Bank says reports of an ED probe into online gaming transactions are speculative and clarifies that the ongoing DGGI investigation relates to programme managers and merchants

Credit growth rises to 14.5% in Feb 28 fortnight; deposits expand 12%

Bank credit growth accelerated to 14.5% year-on-year in the fortnight ended February 28, while deposit growth strengthened to nearly 12%, according to RBI data