Page 54 - Aathira Varier

Life insurance companies clock a 25.28% drop in premiums, shows data

Among the private insurance companies, SBI Life Insurance, the largest private insurer, reported a 9.84 per cent decline in premiums to Rs 2,381.73 crore

LIC reclaims Rs 5 trn market capitalisation mark, shares hit 18-mth high

According to the data released by Life Insurance Council, the premium of Life Insurance Corporation of India (LIC) dropped by 32.86 per cent in November 2023 to Rs 16,134.55 crore

Small ticket personal loans remain a concern for industry: Incred Finance

Incred Finance noted that its personal loans portfolio was in the regular personal loan segment, with an average ticket size being over Rs 2,00,000

LIC fourth largest insurer in the world based on reserves: S&P Global study

The state-owned insurer is ranked after Allianz SE, China Life Insurance Company and Nippon Life Insurance Company

ICICI Prudential Life Insurance set to incorporate Bima Sugam entity

The Bima Trinity comprises Bima Vistaar, Bima Vahak, and Bima Sugam

Rajiv Anand to replace Analjit Singh as Chairman of Max Life Insurance

Rajiv Anand, served as the non-executive director of Max Life Insurance effective from April 2023 after being nominated by Axis Bank

Bank credit to NBFCs grows 22% in Oct, exposure to sector at Rs 14.8 trn

The RBI norms on an increase in risk weights exclude bank loans to housing finance companies or bank loans backed by priority sector loans (PSL)

RBI not likely to cut benchmark repo rate before Q2FY25: SBI Report

Policy repo rate is unchanged since April monetary policy

L&T Finance announces completing merger of 3 subsidiaries with itself

Merger will create "sustainable value" for stakeholders and help governance, says NBFC

Unsecured loan growth to moderate after RBI norms on lending: NBFCs

The NBFCs are also looking to diversify their source of borrowing post the central bank's mandate as the funds from banks are expected to be affected

Aditya Birla Health launches product 'Activ One' with 100% returns

Funds earned on Health Returns can be used for payment of renewal premium and other non-medical expenses, out-patient expenses, etc

RBI imposes penalty on HDFC Bank, Bank of America for violating FEMA norms

RBI fined HDFC Bank, a leading private sector bank, for accepting deposits from non-residents and flouting RBI's directions under the Liberalised Remittance Scheme of FEMA, 1999

'Retail investors could mobilise $543bn for climate action in India'

The results are based on a survey of 1,800 respondents in 10 markets across Asia, Africa, and the Middle East

LIC launches new 'Jeevan Utsav' plan with lifetime guaranteed returns

The plan offers the choice to choose between two payout options - regular income and flexi-income benefits

RBI's new risk-weight rules likely to spur co-lending by banks, NBFCs

The RBI recently decided to revise the risk weight norms for NBFCs to 125 per cent from 100 per cent

Irdai sets up 11-member taskforce to examine the impact of DPDP Act

The task force is expected to submit the report within a period of 1 month from the issuance of the order

'Upskill or cross-skill': Cybersecurity skill gap hobbles banking sector

Recently, UCO Bank reported an IMPS (Immediate Payment Service) fraud, wherein Rs 820 crore was credited to certain account holders of the bank without a corresponding debit from any other bank

Credit card spending in India rises to Rs 1.78 trn in Oct, sets record

Industry likely to see loan growth moderating after RBI asks banks, NBFCs to increase risk weight for unsecured lending

PSU insurers' stocks surge on attractive valuation, RBI's risk weight norms

Low-float stocks are the companies with a relatively small number of shares available for public trading

RBI supersedes Abhyudaya Co-operative bank board, appoints administrator

No business restrictions, to carry out normal banking activities