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LIC has now become tenth-most-valuable insurance brand globally

The total value of the world's top 100 most valuable insurance brands declined 6% in 2021 from a year earlier. But LIC's brand value increased by almost 7%

Decide on cashless Covid treatment in an hour: Irdai to insurance firms

Order follows a Delhi HC directive to the insurance regulator on this issue

Retail digital payments saw strong growth in FY21 over a year earlier

Data from RBI suggest there was a slowdown in wholesale transaction value, but volume growth withstood the pandemic

Axis Bank beats Street estimates, posts net profit of Rs 2,677 crore in Q4

In the same period of last financial year, the bank had reported a net loss of Rs 1,388 crore

NBFCs seek fresh debt recast as Covid-19 second wave wreaks havoc

Those who had availed themselves of the recast earlier should get a second chance, the Finance Industry Development Council said in a letter to the RBI

FIDC seeks loan recast for its retail borrowers as second wave wreaks havoc

In letter to RBI, requests this be done irrespective of whether such accounts have been restructured on earlier occasions

Irdai allows insurers to invest in debt instruments of InvITS and REITS

Securities should not be rated below 'AA' under the "approved investment" category. In case the instrument is subsequently downgraded, it will be part of "other investments"

Amid Covid scare, life insurers go slow on renewing group-term plans

The adverse claims experience of life insurers have made them apprehensive of renewing group-term policies of some corporate entities

High demand for comprehensive health policies as Covid cases soar again

Covid plans were in huge demand last year but have since petered out

LIC paid Rs 1.34 trn as claims to policyholders in FY21, marking growth

State-owned insurer said it procured 2.1 crore policies in FY21, out of which 46.72 lakh were in March

Life insurers see over 70% year-on-year growth in NBS in March

In FY21, life insurance companies saw a 7.5% increase in NBP over FY20

Troubled by outages, HDFC Bank to use cutting-edge tech across businesses

In the letter to staff, CEO Sashi Jagdishan lists initiatives such as infra scalability, strengthening monitoring its Data Centre, and improving firewalls

Future Retail lenders okay debt recast plan with repayment up to two years

Interest accrued between March 1, 2020, and September 30, 2020, will be converted into Funded Interest Term Loan, payable by December 2021

HDFC Bank's net profit rises 18% to Rs 8,186 cr in Q4, misses estimates

The net interest income of the lender rose 12.6% in Q4FY21 to Rs 17,120 cr

Govt's draft proposals tie insurance FDI hike to solvency margin

Draft proposes 180% if firms with over 49% foreign stake declare dividend

India footprint of foreign lenders: How do income & expenditure stack up

While interest earnings are the mainstay, the banks are also active in derivatives and treasury operations

Over 100,000 LIC employees to get 16% wage hike

The government has given a go-ahead to a five-day working week for LIC employees

IL&FS board revises debt recovery target upwards to Rs 61,000 crore

The board has already addressed debt of Rs 43,100 cr so far and is looking to address about Rs 8,000 cr in the next six months

Fewer defaults on EMI payments by consumers in March, shows NACH data

According to the data released by the National Payments Corporation of India, 32.76 per cent of all auto-debit transactions in volume terms failed in March compared to 36.6 per cent in February

Spectrum can be transferred but not without settling dues, says NCLAT

Since the questions posed by the apex court has been dealt with by the tribunal now, the appeals by the DoT will be heard by the NCLAT on April 26