Page 34 - Aathira Varier

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

Customer connect can help avert MUDRA loan crisis, says SBI Dy MD

In August, the Finance Minister had said that public sector banks' non-performing assets (NPA) in the MUDRA loan category stood at 3.4 per cent in FY24, compared to 4.7 per cent in FY21

Pvt life insurers mull new model for commission for distributor channels

Clawback, deferral, or reduction in payouts on the cards for distributors

Irdai extends IFRS 17 deadline to FY27; aims to give ample time to cos

Previously, Irdai had set a timeline of FY25 for the implementation of IFRS 17 in the insurance sector

Yes Bank appoints Nirav Dalal as country head of financial market division

Dalal holds a master's degree in business administration (finance) from the K.J. Somaiya Institute of Management Studies & Research

Housing finance firm WEAVER acquires Capital India Home Loans for Rs 267 cr

The company will raise up to Rs 800 crore from private equity funds to finance the acquisition and fuel its expansion plans

IRR changes due to interest rates, not regulation: HDFC Life MD & CEO

She talks about the company's Q2 performance and the way forward

Prasun Sikdar appointed as MD, CEO of Bima Sugam India Federation for 3 yrs

Sikdar's appointment as MD and CEO was approved by the Insurance Regulatory and Development Authority of India