Page 4 - Aathira Varier

NBFC credit grows 15.8% in August, trails banks; gold loans surge 69%

NBFC retail credit grew 22 per cent year-on-year to ₹26.48 trillion in August, led by a 69.1 per cent surge in gold loans, while overall credit growth lagged banks

Irdai distribution overhaul could hit brokers' revenue by 70%: IBAI

Insurance brokers have sought a deeper assessment of Irdai's proposed distribution reforms, warning of a 60-70 per cent revenue impact and around 1 million jobs at risk

GST input tax credit on group health, life insurance may boost coverage

Allowing employers to claim ITC on GST paid on group health and life insurance could lower effective costs, address a tax disparity and encourage wider employee coverage

HDFC Bank mobilised over ₹1.5 trn in deposits in July-September quarter

In contrast, India's second-largest private-sector bank, ICICI Bank, mobilised $17.88 billion in FCNR(B) deposits and raised $3.55 billion through dollar-denominated bonds

Insurers' 10% co-pay plan for retail health claims may not get Irdai nod

Non-life insurers have discussed a 10 per cent co-payment on inpatient hospitalisation costs, but industry executives say the proposal is unlikely to get Irdai's nod

The CEO factory: How ICICI, SBI, Axis shaping financial services leadership

HDFC Bank, ICICI Bank, SBI and Axis Bank have emerged as key training grounds for financial services leaders who later take up top industry roles

Irdai proposal may put 1 million livelihoods at risk: Brokers' body

The brokers' body said proposed commission caps and lower expense limits could hurt employment and competition while reviving unethical business practices

Irdai's distribution reforms may constrain smaller insurers: Acko CEO

ACKO CEO Animesh Das said uniform EoM limits across companies could restrict growth opportunities for smaller and newer insurers

ICICI Life Q2FY27 earnings to mark Anup Bagchi's swansong at group

Bagchi's last working day at ICICI Prudential Life will be October 13; he is expected to be introduced to HDFC Bank investors when it announces Q2 results

ICICI Life Insurance appoints Sidharatha Mishra as new MD & CEO

The incumbent Anup Bagchi has tendered resignation after HDFC Bank announced his appointment on Thursday as MD & CEO of the bank, effective from October 13, 2026

Irdai commission cap plan sparks concern among insurance brokers

Brokers say lower payouts may not necessarily translate into cheaper premiums and could instead squeeze servicing economics, trigger consolidation, and weaken insurance distribution

Bajaj Finance plans to raise up to ₹175 bn via QIP, preferential warrants

The company plans to raise up to ₹117 billion through a QIP and another ₹58 billion through preferential warrants to promoter and holding company Bajaj Finserv

Canara Bank's advances grow 16.83%, outpace deposit growth in September

Canara Bank's domestic advances rose to ₹12.63 trillion and deposits to ₹15.48 trillion, while several other lenders also reported strong credit growth in quarterly updates.

Healthier balance sheets drive credit upgrades across sectors in H1FY27

Credit ratios improved across rating agencies as lower leverage and healthy liquidity supported firms, though crude prices, inflation and US tariff uncertainty pose risks

Insurers must compete on price, not distributor commission: Irdai chief

Irdai Chairman Ajay Seth says proposed insurance distribution reforms are not final and stakeholder feedback will be considered before draft regulations are issued

Irdai commission caps likely to hit jobs, weaken reach, cautions IBAI

Brokers' body says proposed commission caps and lower expense limits could lead to job losses, weaken independent distribution and hurt insurance access in smaller towns.

Insurers seek softer landing on Irdai commission cuts in meet with chief

Ajay Seth meets insurers; industry seeks glide path on commissions, differentiated EoM limits

NRI deposit flows surge over 6x to $36.2 bn in Apr-Jul FY27: RBI data

FCNR(B) deposit flows surged to $34.53 billion in April-July FY27, while outward remittances under the LRS rose 4.7 per cent year-on-year to $9.37 billion

Private sector capex projected to rise to ₹3.2 trn in FY27: RBI bulletin

The aggregate cost of projects hit a record ₹4.4 trillion in FY26, with infrastructure continuing to dominate the investment landscape

Axis Bank plans 12,500 campus hires, redeploys staff amid AI push

The bank plans to hire around 12,000-12,500 people from campuses in FY27, compared with 11,500-11,600 in FY26