Page 2 - Aathira Varier

India's credit growth to be 10-12% CAGR over next 5 yrs: Brickwork Ratings

India's credit growth is expected to clock 10-12% CAGR over the next five years, led by retail, MSMEs and services, outpacing deposit growth, says Brickwork Ratings

Festival demand, GST 2.0 lifted credit card spend in Apr-Dec FY26

Dec spends rebound to top Rs 2 trillion; 2025 added 7.72 million cards

Outward remittances under LRS fell to its lowest in November in FY26

Outward remittances under RBI's LRS fell to the lowest level of FY26 in November, as overseas travel and education spending by Indians moderated

Canara HSBC Life Insurance Q3 profit slips 5.7% on higher expenses

Canara HSBC Life Insurance reported a modest decline in December-quarter profit as higher operating and commission expenses offset strong growth in premium income, APE and value of new business

Flows in NRI deposits drop 26.6% to $9.2 bn in April-November 2025: RBI

Inflows into NRI deposit schemes declined sharply during April-November 2025, dragged down by a steep fall in FCNR(B) deposits, even as NRE and NRO accounts recorded modest growth, RBI data showed

Budget 2026-27: Insurance industry bats for income tax relief for premiums

Insurers also seek an increase in threshold for taxing maturity proceeds of high-value policies

NIM to face downward pressure in Q4, says South Indian Bank MD & CEO

South Indian Bank expects loan growth above 12% by shifting focus from corporate lending to retail, MSME and agriculture, while margins face short-term pressure amid rate cuts

Suryoday SFB enters gold loan segment to scale secured lending portfolio

Suryoday Small Finance Bank has entered the gold loan segment, starting with Maharashtra

ICICI Lombard looks to outperform industry's premium growth in Q4

ICICI Lombard expects to outperform industry premium growth by 100-200 bps, driven by motor, health and commercial lines, says CFO

At UCB meet, RBI stresses asset quality oversight, governance standards

RBI Governor Sanjay Malhotra urges urban co-operative banks to strengthen governance, underwriting and asset quality, reiterating their role in financial inclusion

India's insurance market to grow at nearly 7% CAGR over 2026-30: Swiss Re

Swiss Re projects India's insurance market to grow nearly 7% annually between 2026 and 2030, supported by regulatory reforms, higher FDI limits and rising health and motor demand

New Labour Codes push up operating costs for private banks, insurers

Private sector banks and insurers report higher employee costs in Q3FY26 after accounting for statutory impact of New Labour Codes notified by the Centre in November 2025

Federal Bank's Q3FY26 results: Net profit rises 9% to ₹1,041 crore

Federal Bank posted a near 9% rise in Q3 FY26 profit, driven by higher income, better margins and improving asset quality, with growth momentum set to continue

HDFC ERGO MD & CEO Anuj Tyagi resigns, board begins succession process

HDFC ERGO CEO Anuj Tyagi resigns to pursue entrepreneurial plans, with the board starting a structured succession process to ensure leadership continuity

LIC demerger, PSU insurer divestment drive 'Insurance for All by 2047'

An IIM Kozhikode panel has proposed splitting LIC and divesting weak PSU insurers to boost competition, capital and insurance penetration under the 'Insurance for All by 2047' vision

HDFC Life's Q3FY26 results: Net profit rises marginally to ₹421 crore

The company's expenses rose 30.03 per cent YoY to ₹4,532.68 crore, with net commission expenses rising 17.55 per cent YoY to ₹2,272 crore

RBI clears Japan's SMBC to set up wholly owned subsidiary in India

Months after acquiring a 24.21% stake in Yes Bank, Japan's SMBC has received RBI's in-principle approval to set up a wholly owned banking subsidiary in India

RBI looks to resume UCB licences after 22 yrs; moots ₹300 cr min capital

CAR not less than 12%; net NPA not above 3%

ICICI Lombard General Insurance's Q3 net profit falls 9% to ₹659 crore

The expenses of the insurer were up by 16.19 per cent YoY to Rs 6,039.06 crore in the quarter, while commissions rose by 15.5 per cent YoY to Rs 1,343.1 crore

ICICI Prudential Life Insurance Q3 net profit rises 20% to ₹390 crore

The net investment income of the insurer for the quarter stood at Rs 10,745.64 crore, compared with a loss of Rs 7,905.93 crore in the year-ago period