Page 29 - Aathira Varier

Indo-Pak tension: War risk premium in marine, aviation sector may inch up

Marine and aviation insurance premiums may rise if India-Pakistan tensions escalate, with reinsurers likely to revise exclusions and reassess cyber risk exposure

UPI QR codes fastest-growing payment infrastructure in FY25, shows data

In FY25, the number of UPI QR codes saw 91.5 per cent year-on-year (Y-o-Y) growth to 657.9 million, while growth in credit card slowed down to 7.94 per cent Y-o-Y

Public-sector banks' bancassurance growth slows amid core banking push

FM, ex-Irdai chairman had raised concerns over misselling

FSIB recommends Sanjay Joshi as Oriental Insurance Company Limited's CMD

Sanjay Joshi, currently GM at United India Insurance, recommended by FSIB to lead Oriental Insurance as CMD, following R R Singh's retirement in February

RBI imposes penalty on ICICI, Axis, BoM, IDBI, BoB for violating norms

ICICI, Axis, Bank of Baroda, Bank of Maharashtra and IDBI Bank penalised by RBI for breaches including delayed reporting, excessive charges, and non-compliant operations

Demand for D&O liability insurance rises 25-35% in FY25, says report

Policybazaar reports surge in demand for D&O insurance in FY25 driven by board accountability, ESG lapses, IPO activity, and increased scrutiny of leadership risks

Banca channel for PSB-led life insurers slows in FY25 as incentives dry up

A renewed focus on core business, discontinuation of incentives for employees, and customer movement to digital purchases of insurance are the key reasons for the decline

Non-life insurers to meet DFS secy for revision in motor third-party rates

Cession is the portion of insurance premiums that insurers pass on to a reinsurer, in this case, GIC Re

February repo rate cut: Deposits rates inch up, lending rates fall

The weighted average domestic term deposit rate (WADTDR) on fresh rupee term deposits of scheduled commercial banks stood at 6.65 per cent in March 2025

Federal Bank Q4 results: Net profit up 14% to ₹1,030 cr, NIM at 3.12%

Sequentially, the profit was up by 8 per cent from Rs 955 crore in Q3FY25

PNB, Canara Bank to dilute stake in Canara HSBC Life Insurance through IPO

Company files DRHP; Canara to dilute 14.5% stake while PNB will dilute 10% stake

Market volatility nudges customer preference away from ULIPs in Q4FY25

The benchmark Nifty50 index fell almost 17 per cent amid sell-off by foreign investors, weak corporate earnings and global uncertainties due to the US tariffs

Shift in product mix will continue in FY26: SBI Life Insurance MD & CEO

An ideal product mix depends on what are the strengths of the company and how they cater the needs of the customers, says Jhingran

Credit card spends surged to 4-month high of Rs 2 trillion in March

Card addition slows in FY25 following higher risk weight norm

Growth in number of life insurance policies sold falls steeply in FY25

The significant decline in the number of policies sold can be attributed to the implementation of new surrender value norms

SBI Life Q4 results: Net profit flat at ₹813 cr, net premium income down 5%

The net premium income of the life insurer slipped by 5 per cent year-on-year (Y-o-Y) to ₹23,860.71 crore in the reporting quarter

Life insurers' NBP grows 5% in FY25; premium collected shy of Rs 4 trn mark

The premiums of the largest private life insurer - SBI Life Insurance - slipped by 7 per cent Y-o-Y to Rs 35,576.67 crore

Outward remittances under RBI's LRS decline 8.2% in April-February

Overseas remittances for the purchase of immovable property rose by 28.32 per cent Y-o-Y to $277.7 million

Muthoot Fincorp picks nearly 1% stake in BankBazaar for Rs 15 crore

BankBazaar is also making an entry into the secured gold loan market in partnership with the gold loan focused NBFC

Banks reduce savings account interest rates to protect profitability

Recently, HDFC Bank, ICICI Bank, Axis Bank and Federal Bank announced nearly 25 basis points revision in their savings account interest rates