Page 2 - Aathira Varier

LIC sets sights on sustained 60%-plus market share: MD & CEO R Doraiswamy

Doraiswamy says policy sales have gathered momentum after the goods and services tax (GST) rationalisation on individual life insurance premiums, increasing affordability for customers

Don't see major impact of proposed mis-selling norms: Axis Max Life MD, CEO

Sumit Madan talks about RBI's proposed guidelines on mis-selling and their likely impact on the company and the sector, the firm's business plans going forward, among other issues

RBI's new loan recovery norms: NBFCs may incur extra cost to train agents

From a customer perspective, the stricter norms are welcome, industry executives said

RBI's proposed mis-selling norms may hit credit life business of insurers

RBI's draft rules on bundling and consent could dent credit life insurance and bancassurance income, though insurers say overall impact will be limited

Reserve Bank of India moots rules to rein in harsh debt recovery

The proposed norms will come into effect from July 1, 2026. Feedback on the draft may be submitted by March 4, 2026

India's outbound FDI moderates to $3.42 billion in January, shows RBI data

India's outward FDI stands at $3.42 billion in January 2026, easing from December levels, with equity, loans and guarantees showing mixed trends

India Inc's ECB and FCCB intent hit FY26 peak in December 2025

Indian companies filed ECB and FCCB proposals worth $4.43 billion in December, the highest monthly amount in FY26, led by NBFCs and infrastructure-linked borrowers

RBI proposes to raise unsecured loans to 20% of total for urban co-op banks

RBI has proposed raising the unsecured loan cap for urban co-operative banks to 20 per cent of advances, revising norms on unsecured lending and housing loan tenors

Life insurance premiums jump 21.5% in Jan; non-life insurers up 15%

Both life and non-life insurers reported strong January premium growth, supported by a favourable base effect and the GST exemption on individual life and health insurance premiums

ESAF SFB to apply for universal banking licence after 2 years, says MD

Thrissur-based ESAF Small Finance Bank will wait at least two years to seek a universal banking licence as it pivots to secured lending to improve asset quality and profitability

Surge in gold loans not a cause for concern, says Reserve Bank of India

Banks are shifting from unsecured loans to gold-backed lending amid rising gold prices, but RBI says low LTVs and limited exposure pose no systemic risk

Unclaimed deposit payouts jump to ₹1,000 crore a month, says RBI

Targeted RBI campaigns and incentives have sharply increased the pace of unclaimed deposit settlements, pushing monthly payouts to over Rs 1,000 crore, compared with Rs 100-200 crore earlier, RBI said

RBI to roll out risk-based premium model for deposit insurance from April

The Reserve Bank of India will replace the flat-rate deposit insurance premium with a risk-based framework from April 2026, aiming to reward stronger banks and encourage better risk management

ULIP traction rises in Q3FY26 as equity markets outperform year-ago period

Private life insurers reported stronger demand for ULIPs in Q3FY26 as equity markets gained sharply. Customers also shifted towards higher sum assured plans with protection-linked riders

LIC's Q3 net profit up 17% in Q3 due to higher premiums, investment income

LIC's Q3 profit rose 17% on strong premium and investment income, while higher VNB margins and lower cost ratios supported overall performance

Commission expense ratio of life insurers rises to 6.86% in FY25

Life insurers saw commission costs rise in FY25, driven by higher payouts by private players, even as LIC cut agent commissions and insurance penetration slipped

Private life insurers see early signs of recovery in credit life business

In a post-earnings analyst call, ICICI Prudential Life Insurance's management said the MFI-linked credit life segment has begun to revive during the quarter

PB Fintech shares tank nearly 7% on fundraise for international foray

Shares of Policybazaar parent PB Fintech fell sharply after it announced plans to raise funds via QIP to pursue inorganic expansion in overseas markets

Budget 2026 move on MACT interest seen cutting litigation, speeding claims

Budget 2026 proposes exempting interest awarded by motor accident tribunals from income tax and TDS, a move experts say will reduce disputes for insurers and help victims receive compensation faster

Budget 2026: TCS cut on LRS education, medical spends to boost remittances

Lowering TCS on overseas education and medical remittances under LRS to 2% is expected to ease cross-border transactions and bring predictability for families managing large foreign expenses