Page 16 - Aathira Varier

Irdai warns Heritage TPA against unilaterally closing health claims

The order is in response to the remote inspection conducted by the authority from November 8, 2021 to November 11, 2021

Non-life insurers' premium touches Rs 3 trillion mark in FY25 amid slowdown

The 6.2 per cent increase in premiums collected come in the backdrop of slowing economic growth in the closing quarters of FY25 and a change in accounting norms

Non-life insurers' premium likely to improve in FY26, say experts

In FY25, premium of non-life insurers rose to ₹3.08 trillion, marking a 6.2 per cent year-on-year (Y-o-Y) increase

Reserve Bank's draft circular seeks to standardise gold loan regulations

In the draft circular, the RBI stated that norms for lending against gold collateral must be incorporated into the credit/risk management policy of lenders

Non-life insurers' premium grow 6.2% to Rs 3.08 trillion in FY25

The general insurers' premium grew by 5.20 per cent Y-o-Y to Rs 2.58 trillion at the end of FY25

Financials of urban co-operative banks' have been good: RBI Governor

Malhotra also said that at the system level, co-operative banks, NBFCs, and banks are all safe, secure, and robust

The pilots for MuleHunter.AI have been successful, says Swaminathan

In December 2024, RBI launched MuleHunter.ai, developed by the Reserve Bank Innovation Hub, to help banks reduce digital fraud

General insurance industry likely to grow 13% in FY26: India Ratings

Growth has varied across standalone health insurers (SAHI), which Ind-Ra expects to grow 21 per cent Y-o-Y in FY26

Union Bank of India to BoI: Large PSBs miss FY25 deposit growth targets

Credit grew faster than deposits

Broad-based transmission of policy rates still some way off, say experts

RBI has moved liquidity into the surplus side from a deficit four months ago, and some experts feel it may be preparing for monetary transmission before it cuts the repo rate again next week

Bank of Baroda and Bank of India miss FY25 deposit growth guidance

Advances of the bank grew by 20.3 per cent Y-o-Y to Rs 2 trillion

Insurers struggle to meet motor third party obligations set by Irdai

Inusrers with 5 per cent to 10 per cent share in Motor TP segment must expand their insurance by 7.5 per cent over the last year

Credit card spends at 7-month low in Feb amid stress in unsecured loans

Number of outstanding credit cards stood at 109.31 mn, up from 108.87 mn at the end of January

NBFCs should not take risk beyond their absorption capacity, says RBI

Swaminathan emphasises fair lending, recovery practices

Reinsurance renewal rates likely to see a drop of up to 10% in FY26

Last year, the reinsurance rates saw a marginal increase of around 5 per cent after adjusting for risk

AU Small Finance Bank raises Rs 770 crore via Tier-II bond issuance

With this fund raise, AU SFB has achieved one of the largest bond issuances by any small finance bank, with the deal closing on the last working day of the financial year FY25

Insurance sector sees record deals worth over Rs 38,000 crore in two weeks

The biggest among them is the Bajaj Group's acquisition of Allianz's stake in their two insurance joint ventures for Rs 24,180 crore

Retail credit growth moderated for NTC customers in December qtr: Report

Consumption-led products are defined as credit cards, personal loans, and consumer durable loans

Star Health Insurance's shares hit 52-week low amid reports of Irdai probe

Company calls it a routine exercise to ensure compliance

PhonePe joins hands with top insurers, launches low-cost motor insurance

PhonePe is offering two-wheeler insurance with an "Own Damage Cover" starting at just Re 1 on its app