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More flexibility for insurers as Irdai eases health product approvals

Move will help firms adapt to changing customer preferences

Irdai extends 'Use & File' procedure to health and general insurance plans

Currently, insurance companies have to obtain prior approval from the insurance regulator to launch new products

HDFC Bank sees profits more than doubling to $15 bn in 5 years after merger

CEO Sashidhar Jagdishan tells analysts merger with HDFC gives the lender the opportunity to double its balance sheet every five years

EMIs to hurt more as PNB, ICICI Bank, HDFC hike interest rates

Third hike by HDFC in a month, ICICI increase steepest at 30 basis points

UPI processed nearly 6 billion transactions worth Rs 10 trillion in May

NPCI sets its eyes on processing a billion UPI transactions a day on its platform within the next 3-5 years

Dominance won't fade even if obligatory cession is zero: GIC Re chairman

'In the Indian market, the four big businesses are motor, health, fire, and agri'

LIC booked Rs 42,000 cr profit from equity markets in FY22, up 16% YoY

The LIC management clarified on Tuesday that profit should be looked at from the full-year perspective

LIC's Q4 net profit falls 18% to Rs 2,372 cr, firm declares Rs 1.5 dividend

In FY22, LIC reported a net profit of Rs 4,043.12 crore from Rs 2,900.56 crore in FY21, up 39.4 per cent on a year-on-year (YoY) basis

Focus on emerging risks in fintech space, says RBI annual report

"The central bank, while encouraging innovation, is also factoring in emerging risks in the fintech segment. Greater use of technology accentuates the concerns related to cyber security,"

Piramal Group not eligible to acquire Reliance Capital, says Irdai

Group has promoter stake in Pramerica Life Insurance

Dilemma over bank licences: NBFCs struggle to make the cut for RBI's rules

The RBI has also tightened guidelines, narrowing the regulatory arbitrage that existed between NBFCs and banks

Bank of Maharashtra to pay 5% dividend from net worth on govt nudge

The payout will make a small dent in lender's capital adequacy ratio; stock sheds 3.73% on BSE

Bounce rate eases to 22.5% in April despite inflationary pressures

The bounce rate is always higher by volume than value as lower ticket sizes generally tend to bounce more

HDFC Bank's prospects for MSCI, FTSE light up as overseas holdings dip

If FPI holdings decline further in the two firms, it could lead to good buying opportunities: Analysts.

Credit card spend jumps 48% to top Rs 1 trillion in March, shows data

The jump has been driven by the pickup in consumption as the pandemic recedes

A 'no-brainer': RBI governor Shaktikanta Das on expected rate hike in June

Says have entered another phase of 'coordinated action' between fiscal and monetary authorities

Share of term products will rise this yr: Bajaj Allianz Life Insurance CEO

Currently, the growth trend has not stalled but it may going forward, but life insurance as a sector will be one of the fastest growing sectors, says Bajaj Allianz Life Insurance CEO Tarun Chugh

IDBI Bank to sell 25% stake in Ageas Federal Life Insurance for Rs 580 cr

The transaction is expected to be completed in Q2FY23, subject to regulatory approvals and satisfaction of the terms and conditions set out in the share purchase agreement.

RBI to transfer Rs 30K cr surplus to govt for FY22; lowest amount in 8 yrs

Last year, the transfer of Rs 99,126 crore was for a nine-month period ended March 2021

Apple to stop storing card information on file for Indian customers

This decision of not storing card information on file has been taken by the US tech giant Apple in light of the card data storage norms of the Reserve Bank of India (RBI) that will kick in shortly