Page 31 - Aathira Varier

State-owned banks on apprenticeship spree to strengthen customer services

Banks are hiring apprentices for the first time amid gradual decline in number of employees

Credit card spending growth declines on RBI gaze, stress build-up

In FY24, credit card spending grew by 27.8 per cent; in FY23, spending was up 47.5 per cent; and it was 54.1 per cent in FY22

Regulatory scrutiny may dampen credit cards' festive season spirit

Pressure on unsecured lending may weigh on growth in spending through credit card

Life insurance firms to discuss norms on surrender value on Sept 27 meeting

The life insurance companies, through the council, had sought a three-month extension from Irdai on implementing the new norms

Average health insurance claims size rises 11.35% YoY in FY24: ACKO Report

According to the report, men on an average claimed Rs 77,543 while women claimed Rs 69,553 (without maternity)

Organised gold loans offered by banks, NBFCs may top Rs 10 trn by FY25

The gold loan segment has expanded at a compound annual growth rate (CAGR) of 25 per cent between FY20 and FY24, Icra said

Private banks' employee strength grows 2.8 times in over a decade

During this period, the number of state-owned banks has decreased to 12 due to mergers, while the total number of private sector banks stands at 21

NBFCs diversify funding sources amid increased lending risk weights

The asset quality of government-owned NBFCs and non-government-owned middle layer NBFCs focused on the retail line of business was also higher

International travel drives outward remittance under LRS to $2.7 bn in July

Investments in equity and debt schemes surged by 108 per cent to $120.86 million from $58.06 million

We will possibly start to expand footprints: HDFC Ergo's Anuj Tyagi

Anuj Tyagi discusses the insurers' plans on the focus areas of the retail line of businesses

RBI approves re-appointment of V Vaidyanathan as IDFC First Bank's MD & CEO

He took over as the MD and CEO of IDFC First Bank in December 2018, following the merger of Capital First and IDFC Bank

RBI lifts restrictions imposed on IIFL Finance's gold loan business

On March 4, 2024, the RBI imposed restrictions on IIFL Finance after observing deviations in assaying and certifying purity and net weight of gold at time of sanctioning loans and at time of auction

LIC earmarks Rs 600 crore for digital shift; to be 'paperless' in 2 years

LIC has appointed Boston Consulting Group as a consultant

PM Modi encourages use of RBI's digital currency at Odisha scheme launch

The Prime Minister thanked women of the state for being part of it while launching the women-centric scheme in Bhubaneswar on Tuesday

LIC appoints Infosys to build NextGen platform as part of DIVE programme

LIC previously received IT support from industry majors such as TCS and Tech Mahindra

Interest, trust of investors humbling: Sanjiv Bajaj on BHFL listing

Says shareholders should expect a business that grows with high quality and high level of corporate governance

How insurance industry is adopting technology to assist customers

Artificial intelligence, data analytics help companies to improve claims processing, solve complaints

Life Insurance companies' new business premium rises 22% in August

Non-life insurers report muted growth in premiums in August

Several banks oppose draft LCR circular, say may affect loan growth

Claim it will impact retail deposits as 90% are digitally linked

PNB Housing plans to raise up to $125 mn in Q3: MD & CEO Girish Kousgi

In FY25, Kousgi expects the share of borrowing via ECB, NHB, NCDs, and CPs to slightly increase, while bank borrowings will come down