Page 59 - Subrata Panda

ICICI Bank's net profit up 59% in Q4; beats street estimates

Its NII grew by 21 per cent in the same period to Rs 12,605 crore versus Rs 10,431 crore in the year ago period

Health insurance premium rise spurs non-life growth, shows data

While insurers have witnessed a jump in health premiums over the last two years, their claims burden has also gone up.

RBI may be more open to granting credit card licences to NBFCs: Macquarie

RBI also made it clear that NBFCs will have to take prior approval from the RBI for issuing credit cards to their customers.

Couldn't articulate benefits of HDFC-HDFC Bank merger clearly: Keki Mistry

Says HDFC will have the benefit of distribution at all 6,500 branches of the bank. Today not all the branches of HDFC Bank source housing loans from HDFC

Reserve Bank of India's latest norms won't be disruptive to NBFCs

Intend to narrow regulatory arbitrage between banks and shadow banks

HDFC to sell 10% stake in HDFC Capital Advisors to ADIA for Rs 184 cr

HDFC Capital is a wholly owned subsidiary of HDFC and is in the business of managing private equity funds focused on the real estate sector in India.

Group health policies see rise in premiums in renewal cycle, shows data

There was a marginal increase of 0-5 per cent in group health insurance premiums

RBI caps lending limits of NBFCs to bring them on a par with those of banks

Prescribes 9% CET1; Tightens norms for realty sector; loans to board members

9 private banks on account aggregator system, 5 public sector banks in line

Among large private sector lenders, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, and IndusInd Bank are live on the AA system

Loans to be costlier as banks hike rates; SBI, Axis revise MCLR upwards

Kotak Mahindra Bank, increased its one-year MCLR by 5 bps to 7.4 per cent, from April 16

New business premiums of life insurance companies jump 37% in March

In FY22, life insurers post 13% growth in new biz premium, compared with 7.5% growth in FY21

HDFC Bank shifts tack to focus on wholesale loans, plans branch expansion

During Q4 of FY22, HDFC Bank added 563 branches while in the entire FY22, it added 734 branches, which is about two branches per day

Health cover premiums shoot up as Covid-19 pandemic threat looms

Premium costs jump 10-15%, driven by large number of claim payouts during pandemic as well as factors such as rising healthcare costs

Godrej Ind to expand interest in financial services via Godrej Capital

Godrej Capital is looking at building a balance sheet of Rs 30,000 cr in the next 4 years

Monetary policy review: Soon, withdraw cash from any ATM using UPI

This is expected to enhance ease of transactions and eliminate frauds at the same time

RBI revises inflation and growth forecasts; holds policy rates

In its first monetary policy announcement of 2022-23, the RBI projected inflation to be at 5.7 per cent this financial year. Real GDP growth for the year estimated at 7.2 per cent

Irdai seeks to remove Rs 100 cr entry cap for new players in insurance biz

Debasish Panda, chairman, Insurance Regulatory and Development Authority of India (Irdai), said it should be left to the regulator instead to decide what should be the entry fee for interested players

HDFC Bank looking to raise up to Rs 50,000 cr via bonds over 12 months

The lender's board will consider the proposal at a board meeting on April 16

HDFC Bank-HDFC merger: Regulatory changes for NBFCs proved decisive

On Monday, HDFC and HDFC Bank announced their boards had approved an all-stock amalgamation of the former into the latter, subject to regulatory approvals

HDFC Bank writes to RBI, seeks approval to hold 50% stake in HDFC Life

Lender wants either be allowed to hold a 47.82 per cent stake HDFC Ltd in the insurer or buy additional stake in the company from the market