Page 39 - Subrata Panda

After Bajaj Allianz, New India Assurance gets into surety bonds business

Surety bonds can help smaller infra developers compete with larger, more established ones for bigger contracts, the company said

Axis Bank completes acquisition of Citibank India's consumer business

This deal will have a 177 basis points bearing on Axis Bank's CET1 capital ratio

What Axis Bank's acquisition of its consumer biz means for Citi's customers

Products such as home loans and credit/debit cards will undergo no change; but in case there are changes, the customer will be duly informed

Insurance companies yet to see fire sale of high-value life policies

Expect higher sales of such policies in March

HDFC Ltd hikes home loan rates by 25 basis points effective March 1

ICICI Bank is offering a rate of 9 per cent to borrowers with a credit score of 800 and above as its festival offer pricing, until February 28

Explained: How RBI ensured payment system stayed Covid-proof

200 staff, bio bubble, three data centres among over 100 measures taken to preserve financial stability

It's a high-volume, low-margin game: PAs eye the online payments boom

Of the 28 new players, 19 have been granted in-principle authorisation by the central bank; the applications for the rest are under consideration

Bank credit grows at 16.1% to Rs 134.17 trillion in Feb 10 fortnight

About a month ago (January 13 fortnight), credit growth stood at 16.5 per cent YoY

E-commerce, travel transactions drive credit card spends in January

Cross Rs 1 trillion for 11th month in a row

Decoded: What the India-Singapore real-time payment linkage is all about

India, Singapore cross-border retail payments & remittances amount to over $1 billion annually

Inbound travellers from G20 countries can now use UPI, says RBI

Even delegates from G20 countries would be able to avail this facility at various meeting venues

More insurance players required for diverse needs of citizens: Irdai chief

Will look to move to risk-based solvency regime in the next two years, says Debasish Panda; 19 applications to set up shop are in the pipeline at various stages

Finance ministry looking into life insurers' tax relaxation plea

Officials say Budget's proposal to tax high-value policies of Rs 5 lakh and above is unlikely to have significant impact on the industry

Difference between rise in median MCLR, term deposits crosses 40 bps

Interest rates on fresh deposits move up faster than fresh loans

Outward remittance in April-December almost equal to FY22 figure: RBI

In FY22, outflows under the LRS scheme at $19.61 billion was an all-time high

Spike in frauds cost insurers $6 billion annually, says Deloitte survey

These frauds cost insurers about $6 billion annually, and they lose about 10 per cent of their overall premium collection to frauds

Life insurance companies plan strategy tweak to offset tax impact

Union Budget has proposed to tax high-value policies with premium aggregating to Rs 5 lakh per year to plug arbitrage that HNIs are using to get tax-free returns on policies through Section 10(10D)

YES Bank moves SC against Bombay HC ruling on AT1 bond write-off

The HC had given the bank six weeks' time to challenge the order in the apex court

Case for having insurers cater to niche sectors: Irdai's Rakesh Joshi

In order to enhance the insurance force, the regulator is contemplating the concept of Bima Vahak

The life insurance sector's trouble with taxation on high-value policies

The imposition of a tax on high-value policies could hurt the growth rates of life insurers in the next fiscal year