Page 3 - Aathira Varier

RBI caps unsecured lending, tightens housing loan norms for UCBs

RBI has issued revised lending norms for urban co-operative banks, capping unsecured loans and tightening housing loan rules to strengthen risk management practices

Federal Bank to acquire 450,000 retail credit cards from StanChart

Bank to strengthen retail franchise and Tier-1 presence by acquiring seasoned credit card portfolio from Standard Chartered amid broader retail strategy shift

Indian Bank Q4 FY26 profit rises 5% to ₹3,103 crore, NII up 11%

Indian Bank reported a 5 per cent rise in Q4 FY26 profit, aided by strong NII growth and improved asset quality, though non-interest income declined during the quarter

'Increasing policy sales in FY27 a focus area for SBI Life Insurance'

SBI Life Insurance to push policy sales in FY27, expects steady growth and stable margins despite regulatory changes and product mix shift

Early delinquency rate in MFI drops sharply to 2.3%: Equifax India

This trend suggests that lenders are prioritising credit discipline over growth, particularly in a macro environment marked by cautious lending

RBI Governor launches 'Mission SAKSHAM' for Urban Co-operative Banks

Nationwide capacity-building initiative aims to train 1.4 lakh UCB staff and strengthen governance, compliance and operational resilience in the sector

Corporate credit card overdue applicable only to corporate entity: RBI

RBI clarifies overdue and asset classification for corporate credit cards under joint liability will apply only to firms, aiming to standardise reporting and ease bank capital load

Automation nudges Axis, HDFC Bank, and RBL Bank towards a leaner workforce

Headcount cuts in FY26 reflect tech-led shifts in frontline roles

Credit card spend touch 3-month high at ₹2.19 trillion in March: RBI data

FY26 card spends up 12% to ₹23.62 trillion

SBI General eyes 10% mkt share in private insurance: Naveen Chandra Jha

SBI General targets 10% private market share, banking on retail growth and disciplined underwriting despite pricing pressures and rising acquisition costs

RBL Bank's Q4 net profit jumps 3.3x on lower provisions, NII grows

The bank's net interest income (NII) for the quarter rose 7 per cent year-on-year to Rs 1,671 crore, compared to Rs 1,563 crore in Q4 FY25

Regulations should minimise non-compliance, boost activity: Irdai chief

Irdai Chairman Ajay Seth advocates smart regulation and deregulation to balance compliance with growth and strengthen economic activity in India

Bank credit grows by 15% in April 15 fortnight, shows RBI data

In the fortnight, credit contracted by 2.1 per cent or Rs 4.39 trillion, while deposits contracted by 2.2 per cent YoY or Rs 5.81 trillion

Outward remittances under RBI's LRS rise 19.06% in February 2026

India's outward remittances under LRS surge in February, led by travel and investments, even as education-related spending remains subdued

India mirrors China's growth potential of 25 years ago: Hans De Cuyper

Ageas CEO flags high valuations in India's insurance sector but sees China-like growth potential, aims to push JV into top 10 amid rising foreign interest

Jio Financial formalises general insurance foray with Allianz group

The joint venture, awaiting regulatory approvals, will combine Jio's digital reach with Allianz's global expertise to expand insurance access in India

SBI Life Q4 net profit slips 1.1% to ₹804 cr; premium income rises 16%

SBI Life Insurance reported a marginal decline in Q4 FY26 profit, while premium income rose 16 per cent year-on-year amid improved demand and evolving product mix

Credit growth to slip below 12% in FY27 amid global uncertainties: Icra

Icra expects bank credit growth to ease below 12 per cent in FY27 as West Asia conflict, higher oil prices and deposit competition weigh on lending, margins and asset quality

A first: Life insurers collected ₹4 trn in new business premium in FY26

Industry sees strongest growth since FY23 as new business premium crosses Rs 4 trillion, driven by GST cut, product launches and recovery after regulatory changes

Fallout of DFS comments: Shares of SBI Life, Canara HSBC Life tumble

Life insurance stocks decline after DFS suggests banks avoid exclusive tie-ups, raising concerns over bancassurance models and potential impact on costs and margins