Page 56 - Aathira Varier

LIC reports Q2 net profit at Rs 7,925 crore; net premium income down 18.7%

Insurer says numbers not comparable due to change in accounting norms

I-T appellate tribunal rules in favour of HDFC Life in Rs 3K cr litigation

In the regulatory filing, the company said that it has received the copy of the order along with relevant details on November 9, 2023

New India Assurance posts one-off loss of Rs 200 cr in Q2FY24 due to floods

The net profit of the state owned insurance company was Rs 260.23 crore in the first quarter of financial year 2024

Piramal Enterprise reports net profit of Rs 48 crore in July-Sept quarter

The Net Interest Income (NII) moderated to Rs 750 crore in the quarter under review from Rs 829 crore in the year ago period

Monetary Transmission via NBFCs strong but impact delays: RBI CAFRAL report

NBFCs tend to mute monetary transmission in the short run but amplify it in the long run

Life Insurance companies reports 7.64% YoY rise in new business premiums

ICICI Prudential Life Insurance inched up by 2.00 per cent YoY to Rs 8739.05 crore while Max Life Insurance recorded 27.87 per cent growth to Rs 5004.1 crore

Fintech may emerge as substitute for traditional banking: RBI's CAFRAL

CAFRAL is a non-profit organisation set up by the RBI in 2011 to promote research and learning in banking and finance

Nabard appoints Goverdhan Rawat, Ajay Kumar Sood as Dy Managing Directors

Rawat has over three decades of experience with NABARD, Ajay Kumar Sood served as the Chief General Manager of NABARD at the Himachal Pradesh Regional Office in Shimla

Premiums of general insurance companies rise 13.65% in October 2023

The nearly 50 per cent fall in the premium of National Insurance Company dragged the overall premium of public sector units

Bad air quality may breathe fresh life into health insurance business

Most of the metro cities in India are battling acute air pollution with the Air Quality Index (AQI) readings being around "poor", "moderate" and "severe" levels for most of them

Bajaj Finance sets base price for Rs 8,800-crore QIP at Rs 7,250 per share

The NII for the reported quarter improved by 26 per cent to Rs 8,845 crore from Rs 7,002 crore in the same period a year ago

Aditya Birla Capital PAT rises 44% backed by robust growth across business

The revenue of the company rose by 22 per cent to Rs 8,831 crore in the July-September quarter of FY24 from Rs 7,215 crore of the corresponding previous quarter

Regulators must collaborate on international standards, says Irdai chief

In order for the financial sector to strike a right balance between the interests of the stakeholders and the broader society, the regulatory framework should be both enabling and protecting

HDFC Bank revises Regalia CC lounge access program, to depend on spending

On reaching the quarterly milestone, the customers are eligible for just two complimentary lounge access vouchers. Post which, the access will depend on the credit card spending of the cardholders

IRDAI constitutes taskforce to review existing Bancassurance framework

In order to achieve this objective and considering the interest of the policyholder, Irdai has set up a taskforce to examine the bancassurance framework

BS BFSI Summit: Irdai considering SLBC-like body, says chairman Panda

At BS BFSI summit 2023, Panda expressed concern on rising cyber and climate-related risks and the need for insurance companies to develop policies that would address those

BS BFSI Summit: General Insurance sector eyeing 1.5% penetration by 2030

In the past two decades, the industry grew at a rate of over 16 per cent despite seeing correction in prices

Insurers to provide details of basic features to customers from Jan 1

The regulator has observed several complaints from policyholders due to the asymmetry of information between insurers and the policyholders

Irdai sets up 12-member committee to simplify insurance policy wordings

This comes in the backdrop of the Irdai's observation that policyholders often find it difficult to understand the terms and conditions in insurance policy contracts

Irdai excludes retail sector of general insurance from arbitration clause

Following the amendment, the clause will only apply to commercial lines of business