Page 4 - Bs Reporter

Irdai proposes perpetual registration framework for TPAs under SBSR Act

The regulator has proposed a transition framework for existing third-party administrators, along with an annual fee mechanism under the SBSR Act regime

Banks' supervisory data quality score slips marginally in March quarter

The RBI's Supervisory Data Quality Index for scheduled commercial banks eased to 90.7 in March 2026, with declines in accuracy and timeliness offset partly by gains elsewhere

Mahindra Lifespaces acquires 15-acre MMR land parcel with ₹5,600 cr GDV

The Mahindra Group firm plans a residential project in Kandivali East with a development potential of 1.8 million sq ft and an estimated GDV of ₹5,600 crore

After a period of consolidation, microfinance sector shows signs of revival

India's microfinance sector is seeing early revival signs as lenders prioritise asset quality and portfolio consolidation over aggressive loan growth after two years of slowdown

Turtlemint raises ₹397.2 crore from anchor investors ahead of IPO

The insurtech company attracted several domestic and global investors ahead of its ₹883-crore initial public offering, which opens on June 19

SBI board approves raising up to ₹60,000 crore via bonds in FY27

The country's largest lender plans to raise funds through long-term bonds, Basel III-compliant AT1 bonds and Tier 2 bonds during FY27

Irdai sets up working group to guide AI adoption in insurance sector

The working group will guide insurers on AI adoption, governance and oversight while ensuring policyholder interests and data protection remain safeguarded

What are the best term insurance premium rates for young professionals?

Here are some of the best term insurance rates from various insurers for young male professionals living in a large city

MFI sector shows signs of recovery after prolonged slowdown: Report

The SIDBI-Equifax report said the sector's portfolio grew 3 per cent quarter-on-quarter in the March quarter, while 30-plus delinquency fell sharply

Pramaana Labs raises $27 million in seed funding led by Khosla Ventures

AI verification startup plans to use proceeds to train formalisation models, expand research team and scale operations across regulated sectors

Irdai proposes framework for regulation-making, public consultations

Draft norms seek to formalise stakeholder engagement, consultation processes and periodic review of insurance regulations

Canara Bank offers 6.5% on FCNR (B) deposits; BoB offers up to 7.4% on FDs

Canara Bank launches special FCNR(B) scheme for NRIs, while Bank of Baroda introduces a 555-day deposit product with higher rates for senior citizens

MINI starts India production of Countryman C, prices SUV at ₹47.5 lakh

Locally manufactured SUV becomes the most affordable Countryman in India and strengthens MINI's domestic portfolio

RBI lifts cap on FCNR(B), NRE deposit rates to boost foreign inflows

The central bank has temporarily withdrawn interest rate ceilings on select FCNR(B) and NRE deposits, giving banks greater flexibility to attract NRI funds

Govt appoints Hitesh Joshi as chairman and managing director of GIC Re

Joshi, who has been serving as acting CMD since October 2025, takes charge of the state-owned reinsurer following the retirement of N Ramaswamy

Tesla expands India network with fifth experience centre in Hyderabad

The Hyderabad centre will display the 2026 Model Y and Model Y L, while Tesla has also started delivery and after-sales operations from Bollaram

Sebi warns investors against trading unlisted stocks on unauthorised sites

The market regulator said investors using unregistered platforms for transactions in unlisted securities would not have access to regulatory safeguards or dispute-resolution mechanisms

Sebi imposes ₹6.04 crore penalty on NSE over April 2024 technical glitch

The penalty relates to NSE's alleged failure to restore normalcy within stipulated timelines in a stock and delay in submitting the final root cause analysis to Sebi

Wipro sets up facility for Claude models to accelerate enterprise AI

The new centre will focus on accelerating enterprise AI adoption, building specialised talent and developing AI-native platforms and industry solutions across sectors

RBI eases capital norms on ECLGS 5.0 loans with lower risk weight

The central bank has allowed a zero-risk weight on a large portion of ECLGS 5.0-guaranteed loans, reducing capital requirements for lenders under the scheme