Page 39 - Aathira Varier

Insurance brokers urge Irdai to allow them to appoint 'Bima Vahaks'

Bima Vahak, a part of Irdai's Bima Trinity, is a women-centric, dedicated distribution channel to sell insurance products

Urban co-operative banks not interested to become SFB: RBI's Satish Marathe

UCBs will also have to comply with the latest guidelines for on-tap licensing of SFBs in the private sector

ESAF SFB evaluating conversion to universal bank: MD & CEO Paul Thomas

In April, the Reserve Bank of India (RBI) came out with guidelines for the voluntary conversion of SFBs to universal banks.

Outward remittances under LRS hit new high of $31.73 bn: RBI data

The remittances have seen a continuous increase in the last 10 years owing to improved per capita income in the country

Max Life plans to hire 30,000 agents, open up to 100 offices in FY25

Company 'targeting gain in market share', says MD and CEO Prashant Tripathy

RBI flags supervisory concerns over functioning of debt recast companies

Regulator calls for responsible conduct in recovery process

IFC extends $500 million credit line to HDFC Bank for micro loans

Presently, non-banking financial companies (NBFCs), including microfinance institutions (MFIs) and small finance banks, are the major lenders to women seeking loans for income generation purposes

LIC Housing Finance aims for 13% growth in loan book for FY25: MD & CEO

The total outstanding portfolio of the company grew 4 per cent year-on-year to Rs 2.87 trillion from Rs 2.75 trillion in the earlier year

LIC gets 3-yr extension from Sebi to achieve 10% public shareholding

State-owned insurance giant now has to meet regulatory requirement on or before May 16, 2027

RBI urges NBFCs to maintain constant vigil against potential risks

Swaminathan said that NBFCs are highly exposed to a slew of risks which can affect their financial and operational status like cybersecurity and other risks

HDFC Life Insurance declares bonus worth Rs 3722 cr to policyholders

In participating or 'par' policies, life insurance companies share the benefit of profit in the form of bonuses with policyholders

IndiaFirst Life Insurance names Rushabh Gandhi as its next MD & CEO

Financial services veteran will have a 5-year term; incumbent R M Vishakha to retire in June

Non-life insurance premium up nearly 16% at Rs 29,561.82 cr in April

Industry leader, The New India Assurance Company saw nearly 3.93 per cent Y-o-Y improvement in premium to Rs 5259.01 crore

Indian banking industry increases their cyber insurance cover in FY24

The cyber insurance claims ratio by the banking industry in India has increased to over 50 per cent in financial year 2022-23 as compared to 40 per cent in financial year 2021-22

HDFC Bank's IT expense 7% of total spending, says senior executive

Digital investments part of lender's 'transformation journey', says Parag Rao

Quant Money Managers gets RBI nod to acquire up to 9.98% in RBL Bank

Stake can be acquired through various schemes by mutual fund subsidiary of the investment management firm

Aditya Birla Capital Q4 result: Consolidated net profit up 33% at Rs 812 cr

The company's consolidated revenue grew by 32% Y-o-Y to Rs 12,079 cr

Piramal Group's fund management arm invests Rs 600 cr in Annapurna Finance

The assets under management of Annapurna Finance exceed $1.25 billion as of March 31, 2024, with 1,372 branches spread across 20 states and covering nearly 450 districts

Go Digit General Insurance IPO price band set at Rs 258-Rs 272 per share

Offer opens on May 15, closes on May 17

Bank of Baroda Q4 results: Net profit rises 2.3% to Rs 4,886 crore

Bank sets aside Rs 550 crore for its exposure to GoFirst