Page 3 - Aathira Varier

RBI allows lenders to disable financed mobiles in loan default cases

The RBI has proposed allowing lenders to restrict financed mobile devices in loan default cases, while mandating safeguards, borrower notices and compensation for wrongful action

Eurobank opens India office, enables UPI-based remittance service

The Athens-headquartered lender will become the first European bank to enable cross-border remittances to India through the UPI framework

Life insurance companies seek broader guardrails for CEO salaries

The regulator cited that the CEO salaries account for major chunk of wage expenses of the company

Credit card adoption rises in Tier-II, -III cities: SBI Card report

Rising incomes, digital adoption, and UPI-linked RuPay cards are accelerating credit card usage in smaller cities, according to SBI Card's latest report

Prudential's India reboot comes with a distribution problem and growth test

Experts said lack of a strong bancassurance or agency network could remain a structural hurdle for Bharti Life Insurance, even as Prudential brings capital strength and experience in India

Liberty Mutual increases stake in Liberty General Insurance to 74%

Liberty Mutual Insurance has raised its stake in Liberty General Insurance to 74 per cent, strengthening control of the Indian insurer amid growing foreign investment interest in the sector

Prudential to acquire 75% stake in Bharti Life Insurance for ₹3,500 crore

Another ₹700 crore payable if certain conditions met; Prudential to reduce stake in ICICI Pru Life Insurance

ULIPs retain dominance in private insurers' product mix despite policy push

This is despite sharper push towards protection products after GST relief

ULIPs dominate private insurers' FY26 product mix despite protection push

Private life insurers continued to depend heavily on ULIPs in FY26, although protection products gained momentum after GST exemption and rising customer demand for life cover

Satin Creditcare Network aims to reach ₹32,000 crore AUM by FY30

Microfinance lender expects stronger growth and better collection efficiencies as it expands branches and diversifies operations

India Inc's ECB, FCCB intent rose to $5.43 bn in March, highest in FY26

Indian firms filed proposals to raise $5.43 billion through ECBs and FCCBs in March, the highest monthly amount in FY26

High commissions a key concern, need attention: Irdai chairman Ajay Seth

Insurance regulator says rising commissions and weak profitability are undermining policyholder value and sector resilience

RBI relaxes approval norms for banks' outward remittance tie-ups

Authorised Dealer banks can now partner with digital remittance platforms without prior RBI approval, subject to compliance safeguards

Shipping insurance costs likely to fall 25% with Bharat Maritime Pool

Industry expects sovereign-backed maritime insurance pool to reduce war-risk premiums and improve trade certainty amid geopolitical disruptions

GI Council's common empanelment aims to cover 5,000 hospitals by FY27

The GI Council's common empanelment platform has covered around 2,000 hospitals and aims to expand the network significantly over the next year

Niva Bupa aims to outperform peers in retail health insurance

Niva Bupa aims to outpace retail health insurance industry growth through technology investments, multi-distribution expansion, and stronger customer adoption

Life insurers' new business premium jumps 39% in April on GST boost

Life insurers reported a sharp rise in new business premium in April, driven by strong growth in LIC and private insurers amid continued GST-related momentum

Expect to match sector's credit growth: South Indian Bank CEO Seshadri

South Indian Bank MD & CEO PR Seshadri says low Stage-2 assets will help contain additional provisioning under ECL norms while the bank targets stronger margins and steady credit growth

CMS Info Systems bags Rs 400 crore ATM outsourcing deal from HDFC

The five-year mandate covers 6,000 ATMs and includes currency logistics, ATM modernisation and deployment of CMS's AI-powered HAWKAI platform

Bank credit grows 16% in fortnight ended April 30, shows RBI data

Bank credit expanded 16 per cent year-on-year in the fortnight ended April 30, while deposit growth edged up to 12.3 per cent, RBI data showed