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Aathira Varier is a banking and insurance reporter who covers the Banking, Financial Services and Insurance (BFSI) sector, with previous experience of covering equity markets. An economics graduate, she uses contextualisation and practical application of theory to communicate technical aspects of her beat.
Aathira Varier is a banking and insurance reporter who covers the Banking, Financial Services and Insurance (BFSI) sector, with previous experience of covering equity markets. An economics graduate, she uses contextualisation and practical application of theory to communicate technical aspects of her beat.
Net profit of the company grew by 15 per cent Y-o-Y in FY25 to ₹1,802 crore
About 20 per cent of the respondents said they do not fully understand health insurance, and 18 per cent saw buying it as a cumbersome process
GDPI of the largest private general insurer was up by 2.27 per cent Y-o-Y to Rs 6,211 crore in the quarter after the insurance regulator introduced 1/N accounting norms
Personal loan originations saw a steep decline in Q1 FY25 after consistent growth up to Q3 FY24
The net premium income of the country's third-largest private life insurer rose by 10.7 per cent year-on-year (Y-o-Y) to Rs 16,369.17 crore in the reporting quarter
Life segment players may report flat profit; claims, new norms to weigh on general insurers
The order is in response to the remote inspection conducted by the authority from November 8, 2021 to November 11, 2021
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
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
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
The general insurers' premium grew by 5.20 per cent Y-o-Y to Rs 2.58 trillion at the end of FY25
Malhotra also said that at the system level, co-operative banks, NBFCs, and banks are all safe, secure, and robust
In December 2024, RBI launched MuleHunter.ai, developed by the Reserve Bank Innovation Hub, to help banks reduce digital fraud
Growth has varied across standalone health insurers (SAHI), which Ind-Ra expects to grow 21 per cent Y-o-Y in FY26
Credit grew faster than deposits
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
Advances of the bank grew by 20.3 per cent Y-o-Y to Rs 2 trillion
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
Number of outstanding credit cards stood at 109.31 mn, up from 108.87 mn at the end of January
Swaminathan emphasises fair lending, recovery practices