Page 39 - Subrata Panda/workspace/business Standard Web/video

BBPS-credit card activation: Banks expect 3-4 weeks' leeway for integration

IBA liaising with regulator; issuers put in place systems to go live on BBPS

RBI Governor Das asks banks to step up efforts to fight digital frauds

RBI governor, deputy governor met CEOs of public sector banks, private banks

HDFC Bank share price touches all-time high, closes at Rs 1,768.35

This is on hopes that lender's weight in MSCI Emerging Market index will double in August

HDFC Bank share price hit all time high; up 2.18% from previous day's close

Analysts expect more upside in the run up to August rebalance of MSCI index weightage

HDFC Bank may see inflows of up to $4 bn as MSCI weightage to rise

Move could lead to doubling of weight in MSCI index; over $3 bn of passive buying, says Nuvama report

HDFC Bank to migrate its core banking system to a new platform on July 13

Customers will have limited access to bank's services during the 13.5-hour upgrade

We walked the talk on value of new business: ICICI Pru Life CEO & MD Kannan

VNB has more than doubled and margins have expanded from 17 per cent to 32 per cent. So, given this, I would say, we have achieved more than we had told the market

The runway for mortgage finance in the country is immense: Deepak Parekh

"Urbanisation in India is an irreversible trend. Currently 32 per cent of the population reside in cities and this is expected to be 40 per cent by 2030," Parekh said

Sale of high-value policies picked up from mid-Mar: Kotak Life Insurance MD

With the financial year (FY23) having drawn to a close, Mahesh Balasubramanian, Managing Director, Kotak Life Insurance, spoke to Subrata Panda on a range of topics

Remittances decline 23% sequentially to $2.1 billion in February

Further, in April 2022-February 2023, outward remittances under LRS stood at $24.18 billion, an all-time high

LIC's knock-on effect: New business premium of insurers drops 12%

New biz premiums of private insurers jump 35% in March, aided by pick-up in sales of high-value policies

Indian insurers see steep rise in reinsurance rates in April renewals

Primary insurers transfer a portion of their risk portfolios to reinsurers by paying a certain premium to reduce the likelihood of paying a large obligation in the form of a claim

ICICI Lombard Q4 net up 39.6% to Rs 437 cr as underwriting losses dip

For the whole of FY23, the firm earned a net profit of Rs 1,729 cr, up 36% from Rs 1,271 cr in FY22

Top card cos to go live with UPI-linked RuPay credit card feature by June

The feature seeks to include 50 million UPI merchants in the formal credit economy and drive consumption in a big way

Credit card spends touch all-time high of Rs 1.37 trillion in March

For FY23, spending topped Rs 14 trillion, up 47.27% from Rs 9.71 trillion in FY22

Irdai chief urges insurers to increase their capital for faster growth

Says those in JVs with foreign firms must make use of the enhancement in FDI limit from 49% to 74% to get more capital from foreign partners

ICICI Bank to offer EMI facility for UPI transactions above Rs 10,000

Customers can pay transaction amount above Rs 10,000 in the form of instalments in three, six, or nine months

Market share of PSU general insurers shrinks 800 bps in 5 years: Irdai

The latest data shows that at the end of FY23, the market share of these firms cumulatively declined to 32.37 per cent -- a drop of 803 bps

RBI to come out with centralised web portal to search unclaimed deposits

"We expect the portal to be ready in 3-4 months," said M Rajeshwar Rao, deputy governor, RBI

Monetary policy review: UPI payments via pre-sanctioned bank credit soon

This new feature could be seen as a substitute for credit card, which has limited reach, experts say