Aathira Varier

RBI relaxes approval norms for banks' outward remittance tie-ups

Authorised Dealer banks can now partner with digital remittance platforms without prior RBI approval, subject to compliance safeguards

Shipping insurance costs likely to fall 25% with Bharat Maritime Pool

Industry expects sovereign-backed maritime insurance pool to reduce war-risk premiums and improve trade certainty amid geopolitical disruptions

GI Council's common empanelment aims to cover 5,000 hospitals by FY27

The GI Council's common empanelment platform has covered around 2,000 hospitals and aims to expand the network significantly over the next year

Niva Bupa aims to outperform peers in retail health insurance

Niva Bupa aims to outpace retail health insurance industry growth through technology investments, multi-distribution expansion, and stronger customer adoption

Life insurers' new business premium jumps 39% in April on GST boost

Life insurers reported a sharp rise in new business premium in April, driven by strong growth in LIC and private insurers amid continued GST-related momentum

Expect to match sector's credit growth: South Indian Bank CEO Seshadri

South Indian Bank MD & CEO PR Seshadri says low Stage-2 assets will help contain additional provisioning under ECL norms while the bank targets stronger margins and steady credit growth

CMS Info Systems bags Rs 400 crore ATM outsourcing deal from HDFC

The five-year mandate covers 6,000 ATMs and includes currency logistics, ATM modernisation and deployment of CMS's AI-powered HAWKAI platform

Bank of Baroda Q4FY26 results: Net profit rises 11.2% to ₹5,616 crore

The bank's non-interest income declined 16.2 per cent YoY to Rs 3,967 crore in the quarter

Bank credit grows 16% in fortnight ended April 30, shows RBI data

Bank credit expanded 16 per cent year-on-year in the fortnight ended April 30, while deposit growth edged up to 12.3 per cent, RBI data showed

Non-life insurance premiums rise 8% in April on segment-wide growth

Gross direct premium underwritten by non-life insurers rose 8.28 per cent in April, supported by strong growth in health and general insurance segments

NBFC-MFIs drive sharp rise in microfinance originations in Q4: Report

NBFC-MFIs led the growth in microfinance originations during Q4FY26, while higher average ticket sizes and continued lending to existing borrowers supported disbursement momentum

IIFL is transforming into a major wealth management company: R Venkataraman

Venkataraman said Fairfax's Rs 2,000 crore investment will strengthen IIFL Capital's balance sheet and support expansion across wealth management and capital markets businesses

Microfinance sector posts Q4FY26 growth after eight quarters of decline

The microfinance sector's gross loan portfolio rose sequentially in Q4FY26, supported by higher loan originations, bigger ticket sizes and improving asset quality

Fairfax India announces ₹2,000 crore infusion into IIFL Capital Services

Fairfax India will infuse ₹2,000 crore into IIFL Capital Services through a mix of transactions, increasing its stake in the company to at least 51 per cent

South Indian Bank Q4 results: Net profit rises 19.3% to ₹408 crore

South Indian Bank reported a 19.3 per cent rise in fourth-quarter net profit, helped by a sharp fall in provisions and steady growth in loans and deposits

GST Rationalisation impact: Share of high-value health policies doubles

Zero GST on retail health insurance boosts affordability, driving a sharp shift toward high-value policies as rising medical costs push demand for larger coverage

100% FDI in insurance: Global investors drawn to India's non-life market

Chubb, Old Mutual, Tiger Global Management, and Bain Capital are assessing India opportunities

Canara HSBC Life Insurance to expand tieups, says MD & CEO Anuj Mathur

Canara HSBC Life Insurance plans to reduce reliance on Canara Bank as it scales alternate distribution channels and sustains growth momentum

Govt notifies 100% FDI in insurance sector under automatic route rules

The move to allow 100 per cent FDI in the insurance sector is expected to boost foreign interest in the sector

GST tailwind boosts life insurance premiums, fails to lift policy volumes

Removal of GST on individual policies lifted life insurers' premium growth in FY26, but policy volumes remained subdued, highlighting rising ticket sizes rather than wider customer penetration