Page 46 - Aathira Varier

Reserve Bank of India, Nepal Rastra Bank sign pact for UPI-NPI linkage

The integration of Indian and Nepalese fast payment systems is aimed at facilitating cross-border remittances between the two countries, RBI said

Home loans business gives HDFC Bank CASA boost, says Arvind Kapil

The bank's CASA deposits grew by 2.2% Q-o-Q to Rs 8.35 trillion in Q3FY24

Irdai proposes 30 days 'free look' period for policies from date of receipt

At present, for physical policies the free look period is 15 days while for policies sold online, it can be up to 30 days

Life insurers ask Irdai to charge surrender value on accumulated premia

The exposure draft by Irdai in December 2023 outlined the introduction of a defined premium threshold for each product, beyond which no surrender charges will be levied

RBI Governor asks bank CEOs to maintain vigil around risks build-up

Das also highlighted the issue of high growth in personal loans, which has been an outlier among other categories. He also talked about banks' exposure to non-banking finance companies

Irdai launches regulations for insurance electronic marketplace Bima Sugam

The company will be operative and accessible at all times and will not store or hold any data, with the board of the company also having a policy on a revenue model which is self-sustainable

Irdai chief asks insurance firms to underwrite disruptions to grow biz

Artificial intelligence, machine learning, big data, the internet of things, and many more such new technologies are causing disruptions and changing the traditional fabric of the sector

Can work with Paytm if RBI permits: Axis Bank CEO Amitabh Chaudhry

New aspects being discussed after Jan 31 decision, said an exec of the bank

LIC's VNB margin growth higher than private life insurers in Q3 FY24

VNB is a measure of the economic value of the profits expected to emerge from new business. VNB margin is the profit margin of the companies

'RBI plans tokenisation of assets, bonds under wholesale CBDC pilot'

"On the retail side, its technologies, how systems cope and how people behave are the focus areas. So we are not looking at volumes," Sankar said

New India Assurance Q3FY24 results: Net profit falls 4.38% to Rs 715 crore

The company had posted a loss of nearly Rs 200 crore in the second quarter of FY24

Regulatory action on Paytm Payments Bank, not app, clarifies RBI

The RBI said it would next week come out with a list of frequently asked questions (FAQs) on the Paytm Payments Bank issue

Monetary policy: New rules for verification of digital payments on cards

Central bank also suggested streamlining of AePS to address frauds

LIC Q3FY24 results: Net profit rises 49.1% to Rs 9,444.42 crore

During the July-September quarter of FY24, the insurer had reported a net profit of Rs 7925.015 crore

Irdai proposes revising coverage across sectors to secure insurance for all

Irdai said that a new strategy and fresh approach have been devised to boost insurance penetration in the country

LIC's group yearly renewable premium rises by 137% in Apr-Jan FY24

In January 2024, LIC saw an increase of 36.51 per cent in Group Premium and 41.04 per cent growth in Group Yearly Renewable Premium from January 2023

We hope frictionless credit scale up to digital infrastructure: P Vasudevan

In the future, he noted that the central bank aims to include both banks and non-banks gradually into the platform for their loan journey

HDFC Bank talking to Paytm and evaluating developments: Parag Rao

The Reserve Bank of India (RBI) on January 31 stopped Paytm Payments Bank from accepting fresh deposits and carrying out transactions from February 29, 2024

RBI imposes Rs 8.80 lakh fine on Power Finance Corp for norm violation

The PFC did not adhere to specific provisions of the RBI's directives on 'Liquidity Risk Management Framework for Non-Banking Financial Companies and Core Investment Companies

Tata AIA Life Insurance appoints Venkatachalam H as new MD and CEO

Venkatachalam will take over from the incumbent, Naveen Tahilyani, who will be moving to another role in the Tata Group and has been elevated as a Non-Executive Director of Tata AIA Life Insurance Co