Page 26 - Aathira Varier

MFI stress not a big concern at a system level, says Swaminathan J

The apex bank has asked lenders to strengthen their underwriting standards and collection efforts to limit the conversion of stress into Non-Performing Assets (NPAs)

De-dollarisation not our objective, says RBI Governor Shaktikanta Das

He also mentioned that the idea of a currency for BRICS countries was floated by one of the countries; however, no decision has been made on the matter

RBI Innovation Hub develops MuleHunter.ai to combat mule account frauds

The RBI has taken several measures to prevent and mitigate digital frauds in the financial sector, including the issuance of cybersecurity and cyber fraud prevention guidelines, among others

Irdai issues show cause notice to Star Health for violating norms

The company must provide a reply within 21 days from the date of receipt of the notice, along with the supporting documents

Over 70% MSMEs use biz loans for immediate financial needs: Study

There is higher demand for working capital expenses, emphasising the liquidity challenges and short-term cash flow gaps faced by businesses in managing their day-to-day operations

RBI approves Canara Bank's stake sale in MF, insurance subsidiaries via IPO

Canara Robeco AMC was established in 1993 and was initially known as Canbank Mutual Fund

PB Fintech board approves incorporation of a healthcare subsidiary

The company along with its nominee(s) will initially subscribe to 50,000 equity shares at face value of Rs 10 each

PNB Housing Finance to start LAP vertical from April 2025: MD & CEO

LAP will be a part of the retail business, which includes the prime, affordable, and the emerging housing segments

Smallholder agriculture key to achieving Viksit Bharat goal by 2047: Mishra

Mishra emphasised the critical role of agricultural growth in poverty reduction, especially in rural areas

Bajaj Finserv Health aims to break even by FY27, says CEO Devang Mody

Bajaj Finserv Health has a network of over 1,00,000 hospitals and 80,000 doctors

Growth in bank credit to NBFCs declines sharply to 6.4%: RBI data

Non-food credit increased at slower clip of 12.8% in October compared to 15.5% a year ago, says RBI

IPRU Edge drives ICICI Prudential's agent productivity by 37% in H1FY25

Nearly 61 per cent of the life insurer's top-tier advisors are now active users of the stack

Bank-backed private life insurers' scrips tumble on banca limit reports

HDFC Life and SBI Life deny knowledge of regulator discussions

Revised surrender value norms widen scope for life insurers, help customers

Insurers and experts are optimistic about revival in sales and premium growth, and they believe that it could also give a nudge to the insurtech sector in the country

100% FDI in insurance may attract global firms, boost competition: Experts

Six new players have entered the industry in the last few years, marking the first additions in the life insurance in over a decade and the first in the general and health insurance segments in nearly

Pvt lender HDFC Bank launches rural and semi-urban focused savings account

The bank's network of over 4,600 branches in semi-urban and rural locations will serve as touchpoints to leverage this product, covering nearly two-thirds of India's population

Indians see wallets drain by Rs 485 crore in 'UPI scams' in FY25

Over 600,000 incidents of fraud have been reported in the ongoing financial year till September

Indian banks write off Rs 1.7 trillion in loans in FY24, shows govt data

Loan write-offs by banks in FY24 are the lowest in the last five years

Demand for super top-up health insurance plans rises after Covid pandemic

A super top-up health insurance plan pays the policyholder for medical expenses that exceed the coverage limit of their base health insurance policy

Bima Sugam's capital requirement goes up significantly to Rs 500 crore

During the two-day Bima Manthan held in Hyderabad, insurance companies were informed of the revised capital requirement for Bima Sugam, amounting to Rs 500 crore over 4-5 years