Page 30 - Aathira Varier

Credit cards get a festive boost, spending increases 25% in September

Experts attributed the healthy growth to festive demand and the base effect

PNB Housing Finance looks to grow corporate loan book starting Q3

The New Delhi-based mortgage lender previously held a substantial corporate loan portfolio but reduced its exposure due to stress in the segment

Lockton receives Irdai approval to acquire Arihant Insurance Broking

The acquisition marks Lockton's strategic expansion into the Indian market, where it aims to address the growing demand for advanced risk consulting and management services

Jio Financial Services launches SmartGold for digital gold purchase

Customers can redeem their SmartGold units for cash or physical gold anytime they wish

InsuranceDekho merger to create new leader in segment, says RenewBuy

Reports have indicated that InsuranceDekho is in advanced talks to merge with RenewBuy in a cash-and-stock deal, which could value the combined entity at Rs 8,000 crore

SBI Life least affected by new surrender norms: MD & CEO Amit Jhingran

Following the company's Q2 earnings, SBI Life Insurance managing director and chief executive officer (MD&CEO) Amit Jhingran spoke on the road ahead for the company

LIC Housing Finance Q2 FY25 results: Net profit up 12% to Rs 1,328 crore

Total disbursements for the housing finance company rose by 12 per cent to Rs 16,476 crore in the quarter under review, compared to Rs 14,665 crore in the corresponding period in Q2 FY24

LIC eyes entry into bond forward rate agreement market by end of FY25

The move comes as the interest rate cycle is set to soften, with insurers offering more guaranteed-return products

LIC plans entering bond forward rate agreement market in FY25: Sources

State-owned insurer's entry expected to increase demand for instruments typically used to lock interest rates for a future date

SBI Life Insurance Q2 results: Net profit rises 39% to Rs 529 crore

In Q2 FY25, the solvency ratio of SBI Life stood at 204 per cent, compared to 212 per cent in the year-ago period

Tata AIG eyes 30% CAGR growth in retail health portfolio in next 3 years

The company plans to expand its agent network from 92,000 to 1,50,000 over the next two years and invest in 1,000 employees to strengthen its health distribution network

ICICI Prudential Life Q2FY25 results: Net profit rises to Rs 252 crore

The insurer's VNB margin, a measure of profitability, contracted to 23 per cent compared to 28 per cent last year

M&M Finance Q2 FY25 results: Net profit rises 57% to Rs 369 crore

The NII margin of the company remained flat at 6.5 per cent. The cost of funds rose marginally to 6.5 per cent in Q2 FY25 from 6.4 per cent last year

Irdai engaging with select insurance firms for public listing: Chairman

Irdai chairman has urged large conglomerates and business houses to invest in India's insurance sector

Outward remittances under India's LRS decline 5%, says RBI Bulletin

Remittances for studies abroad grew marginally to $416.39 million

Bajaj Housing Finance Q2 results: Net profit rises 21% to Rs 546 crore

This is the first quarterly earnings report after its equity capital market listing in September 2024

Irdai asks insurers to check vulnerabilities in IT systems, take measures

Recently, there was a data breach at Star Health & Allied Insurance's servers and reportedly sensitive data of 31 million customers were put up for sale

RBL Bank Q2 results: Net profit falls 24% to Rs 223 cr on rising expenses

The net interest income (NII) of the bank rose by 9 per cent in the reporting quarter to Rs 1,615 crore from Rs 1,475 crore

Jio Financial Services Q2 results: Net profit rises 3% to Rs 689 crore

The company's total expenses doubled to Rs 142 crore in the quarter under review, compared to Rs 71 crore

ICICI Lombard Q2 FY25 results: Net profit increases 20% to Rs 693 crore

The gross direct premium income (GDPI) rose 10.4 per cent Y-o-Y to Rs 6,721 crore from Rs 6,086 crore