Page 3 - Aathira Varier

Credit card transactions surge, but debit card transactions decline: RBI

The report also highlighted that private sector banks continue to dominate the credit card segment, focusing on digital and co-branded offerings for customers

SFBs boost secured lending as they move towards universal bank status

AU, Ujjivan, and Jana Small Finance Banks increase share of secured assets in line with RBI's diversification guidelines for voluntary conversion to universal banks

Corporate profits up nearly threefold since pandemic: RBI's bulletin

RBI research finds corporate profits nearly tripled in four years, aided by pent-up demand, manufacturing resilience, and deleveraged balance sheets

Travel, education drag outward remittances under RBI's LRS in August

India's outward remittances fell 17.7% YoY to $2.6 bn in August 2025, led by lower travel and overseas education spending amid tightening US visa norms

Reliance General aims to double health insurance business in 3-4 years

CEO Rakesh Jain says health segment to rise to 38% of overall portfolio as GST relief boosts demand and retail health gains traction

Yes Bank Q2 net profit rises 18% to ₹654 cr on higher non-interest income

The provisions of the bank saw 47.5 per cent Y-o-Y rise to Rs 419 crore in the quarter

Listing of PSU financial subsidiaries to unlock value: DFS Secretary

M Nagaraju says listing subsidiaries of state-owned financial entities will unlock value, strengthen corporate governance, and enhance market oversight

Private life insurers see early demand surge after nil GST rollout

Private life insurers report strong post-GST growth as customers respond positively to the nil GST regime; term insurance demand surges 2.5x, say ICICI Prudential, HDFC Life

All GST benefits will go to customers: HDFC Life Insurance MD & CEO

HDFC Life sees 50% surge in retail term sales after GST cut; CEO Vibha Padalkar outlines margin recovery, product mix shift, and strategies to offset ITC impact

HDFC Life Q2 profit up 3% YoY to Rs 447 crore as premium growth sustains

Net profit rises to Rs 447 crore; APE up 8.6% and VNB grows 7.6% even as GST exemption impacts margins and investment income

ICICI Lombard General Insurance's Q2 net profit up 18% at ₹819 crore

The combined ratio of ICICI Lombard stood at 105.1 per cent in Q2FY26 as against 104.5 per cent in Q2FY25

ICICI Prudential Life Insurance's Q2 net profit up 19% at ₹299.26 crore

While expenses dropped 6 per cent to ₹2,152 crore, net commission rose 3 per cent to ₹1,272.7 crore

GST changes, ITC removal may have weighed on insurers' profitability in Q2

Analysts see 50-150 bps VNB margin compression for life insurers and sustained combined ratios for general insurers after GST rate changes and ITC removal

AIIEA opposes govt's move to open top PSU posts to private sector

AIIEA says allowing private executives to head PSU insurers undermines nationalisation and could demoralise staff, while experts see scope for merit-based reforms

Irdai asks insurers, distributors to form fraud risk management framework

Irdai has asked insurers and reinsurers to implement anti-fraud frameworks and cybersecurity systems by April 2026, including data sharing and blacklisting via IIB

Govt opens up State Bank of India managing director position to pvt sector

FSIB may hire HR agency to carry out behaviour and competency assessment of candidates

Life insurers' new business premium rises 14.8% in September 2025

Robust group segment performance led by LIC and private players drives 14.8 per cent year-on-year growth in new business premium for life insurers

Rethink insurance delivery to reach rural India: Irdai's Deepak Sood

Deepak Sood says India's digital infrastructure enables universal insurance, but the industry must reinvent distribution models to reach all socio-economic groups

PFRDA to expand NPS coverage to include agri sector and gig workers

PFRDA Chairman S Ramann says the regulator aims to extend pension coverage through FPOs, self-help groups and fintech tie-ups, and may allow gold and silver investments

Multi-line general, health insurers log muted growth after GST revamp

Multi-line general insurers grew 1.94% and standalone health insurers 3.09% in September, while specialised players saw strong premium expansion