Page 2 - Aathira Varier

ICICI Pru MF, SBI MF corner half of LIC's ₹31,552 crore OFS in August

The two fund houses bought LIC shares worth Rs 17,145 crore in August, while mutual funds together accounted for an estimated 76.5 per cent of the government's OFS.

RBI may hike rates by 25 bps each in Oct & Dec as inflation may cross 6%

Economists say the rate hike cycle could be shallow, with 50-75 bps hike in the current cycle

HDFC Bank shares rise after lender submits two names for CEO position

HDFC Bank has submitted two names for the CEO position as Sashidhar Jagdishan prepares to step down, easing investor concerns over succession at the lender

India's current account deficit more than doubles to $7 billion in July

The merchandise trade deficit widened to $31.7 billion in July, while strong capital inflows helped push the balance of payments surplus to $20.8 billion.

Non-life insurance premium rises 10% to ₹27,454.5 crore in August

Standalone health insurers led the rise, recording 30.4 per cent year-on-year growth in premiums to Rs 4,377.14 crore, according to General Insurance Council data

Pvt life insurers' Bond FRA participation slips amid falling non-par share

However, industry experts do not view the moderation as a structural reversal in demand.

Nearly 50% FCNR(B) deposits are for 5-year tenure: RBI Governor Malhotra

RBI Governor Sanjay Malhotra says nearly half of the $127.2 billion in FCNR(B) deposits mobilised under the concessional swap facility have a five-year tenure

SBI aims for DPDP compliance by December, ahead of May 2027 deadline

The country's largest lender has procured the software and hardware required to comply with DPDP norms and plans to deploy them ahead of the May 2027 deadline

Non-life insurers' underwriting losses surge 50% to Rs 45,279 cr in FY26

Public-sector general insurers saw underwriting losses rise 58.3 per cent, while private general insurers recorded an 18.9 per cent increase and standalone health insurers a 63 per cent jump

Next-generation reform architecture to be defined by deregulation: Gauba

Niti Aayog Member Rajiv Gauba says the next phase of reforms must dismantle the maze of permissions, approvals and renewals burdening businesses and citizens

Bank of Baroda raises $8 billion via FCNR (B), exceeds initial target

The state-run lender mobilised $8 billion through the RBI's concessional swap window, exceeding its initial target of $4-5 billion, amid strong demand for FCNR(B) deposits

UPI data can help bring informal sector into formal credit: NITI's Lahiri

NITI Aayog's Ashok Lahiri said transaction data generated through UPI could improve credit appraisal and risk pricing, helping bring MSMEs into the formal lending system

India Inc's ECB, FCCB borrowing intent rises to $7.7 billion in July

Indian companies filed proposals to raise $7.70 billion through ECBs and FCCBs in July, up from $6.09 billion in June, with NBFCs among prominent borrowers

Life insurers' new business premium rises 33.07% to ₹41,198 cr in August

LIC's new business premium rose 45.26 per cent in August, while private insurers recorded nearly 20 per cent growth, lifting the industry's overall premium mobilisation

Ganpati pandals step up insurance cover as festival risks mount

Oriental Insurance has covered around 100 Ganpati pandals this year, up from 20-30 last year, as organisers seek protection against calamities and accidents

RenewBuy-InsuranceDekho merged entity plans to deepen presence across India

Combined entity plans to expand its agency network and distribute insurance, mutual funds and loans, while targeting deeper penetration across India's villages

ARCs turn to AI, analytics as retail recovery business gains scale

Arcil and other asset reconstruction companies are exploring AI across compliance, collections and recovery analytics as larger retail portfolios increase data volumes and operational complexity

Misselling has to be addressed at the point of sale: LIC's Doraiswamy

Doraiswamy spoke about LIC's plans to maintain its VNB margin at 24-25% and target double-digit growth, its investment strategy and distribution network

Bank stocks rise as strong FCNR (B) inflows boost liquidity outlook

RBI data showed banks mobilised $127.2 billion through FCNR(B) deposits, while analysts expect the inflows to support liquidity, credit growth and lower rates

Bancassurance will be key to the insurance for all by 2047 goal: Padalkar

HDFC Life CEO Vibha Padalkar expects growth to return to early teens, with bancassurance, term insurance and non-par products driving expansion