Page 2 - Aathira Varier

HDFC Life, ICICI Pru post double-digit Q1 profit growth on premiums

HDFC Life and ICICI Prudential Life Insurance reported double-digit growth in first-quarter profit, supported by higher premium collections, investment income and healthy business growth

ICICI Lombard Q1 profit falls 46% to Rs 403 crore on higher claims

ICICI Lombard General Insurance reported a 46 per cent decline in first-quarter profit as higher claims, reserve provisions and large fire losses weighed on profitability

ICICI Prudential Life's Q1 net rises 28% to ₹386.2 cr on higher premium

Higher premium collections and investment income lifted ICICI Prudential Life's Q1FY27 profit, while VNB rose 25 per cent and its margin improved to 26.7 per cent

J&K Bank plans to sell 0.5% stake in PNB MetLife for ₹120.1 crore

Jammu and Kashmir Bank will sell 10.25 million shares in PNB MetLife to MetLife International Holdings, reducing its holding in the insurer to 2.534 per cent

NBFC education loans may grow 20% in FY27 despite US slowdown: Crisil

NBFC education loan portfolios are expected to reach Rs 94,000 crore in FY27 as growing diversification across study destinations offsets weaker demand for US-focused education

India Inc's ECB, FCCB fundraising intent rises to $4.74 billion in May

Indian companies filed proposals to raise $4.74 billion through ECBs and FCCBs in May 2026 under the automatic route, with IRFC, NTPC and REC among key borrowers

Identify recurring complaints: RBI DG Swaminathan to internal ombudsmen

RBI Deputy Governor Swaminathan J has urged internal ombudsmen to identify recurring complaints, conduct root-cause analysis and help strengthen grievance redress across regulated entities

Life insurers' ad expenses fell 19.16% to ₹3,211.6 crore in FY26

Private life insurers pared advertising and publicity spending amid GST changes, EoM pressures and restructuring after the loss of input tax credit benefits

Trai says 1600-, 140- number series can't be tagged and filtered

The telecom regulator said designated 1600 and 140 number series used for banking, financial and government communications cannot be tagged, blocked or filtered by apps

Regulatory changes, valuation pressures pull down life insurers' returns

Three of India's four listed life insurers have delivered negative returns over the past five years as repeated regulatory changes, slower growth and lower valuations weighed on investor sentiment

HDFC Ergo focused on profitable growth rather than market share: Ghosh

HDFC ERGO CEO Parthanil Ghosh says the insurer will prioritise profitable growth, retail health and motor insurance, while expanding AI-driven underwriting and claims management

GenZ is giving credit card market a new swipe beyond metros: Report

Half of India's first-time credit card users are from Gen Z and 46 per cent are from semi-urban and rural markets, reflecting changing patterns in formal credit adoption

Life insurers' June premium rises 13% on strong private sector growth

Life insurers' new business premium rose 13.07 per cent in June, as strong growth by private insurers offset modest gains at LIC and lifted the industry's overall performance

Commercial realty, gold loans propelled NBFC credit growth to 14.2% in May

Commercial real estate loans grow over 40%, while gold loans grow 70% and consumer durable loans grow 42%

Non-life insurance premiums grow 16% in June, highest in five months

India's non-life insurance industry posted its fastest monthly premium growth in five months in June, driven by strong gains in the general insurance and standalone health segments

Protection biz growth may cushion GST hit for life insurers in Q1

Growth in protection products is expected to offset the impact of GST-related input tax credit changes on life insurers, while lower combined ratios may support non-life insurers' profitability

Amit Shah unveils plan for a cooperative life insurance company

The government plans to launch a cooperative life insurance company and expand Bharat Taxi, aiming to boost financial inclusion and deepen the cooperative model in new sectors

ICICI Pru Life to become ICICI Life as Prudential seeks reclassification

The insurer will seek Irdai approval for the name change as Prudential Corporation Holdings begins the process of reclassification from promoter to investor

ICICI Pru Life seeks investor status for Prudential after Bharti Life deal

ICICI Prudential Life will seek IRDAI approval to reclassify Prudential as an investor after the UK insurer agreed to acquire a 75 per cent stake in Bharti Life Insurance

Young Indians drive boom in unlimited health cover: Policybazaar data

Rising medical costs and greater awareness are driving demand for unlimited sum insured health plans, with millennials, Gen Z and consumers in smaller cities leading the shift