Page 52 - Aathira Varier

AU Small Finance Bank's advances rise 20% to Rs 67,624 cr in Q3FY24

According to the exchange filing, advances rose by 4 per cent sequentially from Rs 65,029 crore

Bajaj Finance's AUM post 35% growth, cross Rs 3 trn mark in Dec 2023

In Q3FY24, the company's AUM improved by nearly Rs 20,700 crore

After 4 yrs of decline, insurers ramp up presence in smaller cities in FY23

According to the latest data released by the Insurance Regulatory and Development Authority of India (IRDAI), during 2022-23, the presence of life insurers rose by nearly 3.5 per cent year-on-year

Net advances of IndusInd Bank rise 20% to Rs 3.26 trillion in Q3 FY24

IndusInd Bank's growth in loans was 4 per cent in Q3 FY24 compared to the quarter ended in September 2023

Private players see 6% rise in benefits paid to Rs 1.57 trillion in FY23

LIC, while seeing a marginal decline to Rs 3.39 trillion, still accounts for a lion's share of 69% of total benefits paid

Q3 FY24 report card: Bank CASA continues to remain under pressure

According to provisional data, the CASA ratio of South Indian Bank dropped to 31.79 per cent from 33.83 per cent in the same quarter of the financial year 2022-23

Federal Bank's advances increase 18% to Rs 2.02 trillion in Q3 FY24

On a segmental basis, the bank said that as per its internal classification, its retail credit book grew by 20 per cent year-on-year, and its wholesale credit book grew by 17 per cent

LIC receives Rs 806 crore tax notice for FY18 from Mumbai state tax office

In October 2023, LIC had filed an appeal with the Bombay High Court against the Income Tax Appellate Tribunal's decision to give the insurer relief in two tax disputes amounting to Rs 4,993 crore

Women's life insurance share rises to 34.2% in 2022-23: IRDAI report

As per the IRDAI's annual report 2023, of the total policies sold, the number of policies issued to women was around 9.73 million, which is 34.20 per cent of the total

RBI Deputy Guv Rao flags risks of AI deployment in financial institutions

He categorized these risks into three broad sets-data bias and robustness, governance, and transparency

Karur Vysya Bank biz grows at 14.74% to stand at Rs 1.58 trn for Q3FY24

The lender announced that ICICI Prudential Asset Management Company Limited (ICICI AMC) received approval from the Reserve Bank of India (RBI) to increase its stake

Yes Bank faces penalty of Rs 3 crore by Tamil Nadu GST department

Recently, the bank had received two separate tax notices from the Bihar GST department for Rs 20,000 and Rs 1,38,584, respectively, in December

Future Generali life insurance aims to grow upto 18% CAGR by FY26: Rungta

The New Business Premium (NBP) of the company declined by 35.48 per cent in April-November 2023 to Rs 257.75 crore from Rs 399.51 crore in the year ago period

Credit card spending take 10% dip in Nov as festive season comes to end

Point of Sale (PoS) transactions increased to Rs 59,014.93 crore in November from Rs 57,774.35 crore in October

NBFCs begin provisioning for AIF exposure after RBI tightens norms

Piramal to adjust Rs 3,164 cr; IIFL Finance sees Rs 161 cr impact

Outward remittances under RBI's LRS scheme dropped 60% in October

In the August-October quarter of financial year 2024, Indians remitted $9.05 billion overseas, as compared to $7.26 billion in the second quarter of FY24

Employer sponsored health insurance cost to rise 11% in 2024: Report

The report is based on responses from 223 insurers across 58 countries, analysing the key trends that are shaping the future of health care provided by employers

Kotak Mahindra Life Insurance launch TULIP, combination of term, ULIP

Since it is a ULIP plan, customers have 8 fund options to choose from to invest their money

Approval for 19 General insurance cos applications in IRDAI's pipeline

Out of the 19 applicants, only Narayana Health Insurance Private Limited has reached the R2 stage of the application. Twelve of them are in their R1 stage

Insurance broking startup Finhaat raises $3 mn for business expansion

Company says technology-driven platform will improve accessibility to insurance