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IPO-bound LIC exhibits distribution strength to financial investors

Insurer already sourced 97% of FY22 new business premium till September

UPI signs off 2021 on a high: Dec transaction value crosses Rs 8 trillion

Record year for UPI, clocked 38 billion transactions worth Rs 71.59 trillion

Surge in Covid-19 cases leaves non-life insurers on tenterhooks

In FY21, non-life insurers had settled 849,034 claims amounting to Rs 7,833 crore

UPI breaks 5-month growth streak; transactions decline 0.71% in November

In November, UPI recorded 4.18 billion transactions worth Rs 7.68 trillion

BS BFSI Insight Summit: Onus on life insurers to transform biz, say experts

The life insurance industry saw massive disruptions in the initial period of the pandemic

LIC's tepid show pulls life insurers' new business premium down 5% in Oct

Private life insurers total APE and individual APE up 19% and 23% respectively

BFSI Insight Summit: Why should we not seek subsidy, ask panelists

Say customer engagement has been one of the pain points for insurers, historically

Indian economy likely to remain cash-dependent for many years to come

After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows RBI data

SBI net profit surges 67% to record Rs 7,627 crore in Sept quarter

Net interest income of the lender jumped 10.65 per cent YoY to Rs 31,184 crore from the same period last year

IBC helps recover Rs 2.5 trn in past 5 years from bad assets, says CRISIL

Only a few large cases see good recovery and the average time taken for resolution is 419 days.

BFSI Insight Summit: Privatisation has to be path-dependent, say panelists

Banking was declared a strategic sector by the government under the new privatisation policy, which means the government will only have a limited presence in the sector

Festive season: Credit card spends jump 57% in September, shows data

Credit card spends are much higher than pre-pandemic levels.

UPI registers record 4.21 bn transactions worth Rs 7.71 trn in October

IMPS & FASTag also see record transactions in October

HDFC Ltd's Sept qtr net up 32% to Rs 3,780 cr on spike in dividend income

The lender's revenue from operations rose 4% YoY to Rs 12,216 crore in the reporting quarter while NII was up 13% to Rs 4,109 crore in Q2

If claim spike sustains, it'll have repercussions: ICICI Lombard MD & CEO

For corporate policies, we have taken some price increases, says Bhargav Dasgupta

BFSI Summit: There's so much to sell, everyone can make money, say experts

Panelists say banks shouldn't feel threatened by fintech companies, rather they should feel enabled

RBL Bank's Sept qtr net drops 79% YoY to Rs 31 cr on higher provisions

NII was down 2% to Rs 915 crore, but other income rose 42% to Rs 593 crore, taking the lender's total income to Rs 1,508 crore, up 12% YoY

SBI Cards net up 67% to Rs 345 cr on lower provisions, higher other income

Asset quality improved as gross NPAs went down by 55 bps sequentially and 410 bps on YoY basis to stand at 3.36%

BS BFSI Summit: SFBs should look beyond universal licence, says R Gandhi

Ex-RBI deputy governor says they must become financial conglomerates

The market has become a lot more real of late: PB Fintech's Dahiya, Bansal

The company is looking to raise Rs 5,700 crore at a Rs 44,000-crore valuation