But, it has advised them to take a conscious call while declaring dividends for FY21, keeping in mind their capital position, solvency margin and liquidity position
In the case of permanent total disablement, a similar benefit will be paid by the insurance firm
Axis Entities will have the right to acquire another 7 per cent in the life insurance company, in or more tranches
Despite the price rise, term plans are relatively cheaper in India than in the US or even Singapore, said experts
Fall in inflation gives MPC room to continue to support growth in economy
Till January, the health insurance segment has grown 14.59 per cent to Rs 48,501 crore
The level of stress in the sector will be less intense as economic activity has been improving gradually
Anything that increases the risk for insurers will call for either a repricing or refusal
Committee to be headed by former RBI dy governor, submit report in three months
I am ready to play the long game, which means that sometimes governance takes premium overshort-term tradeoffs , says CEO Srinivasan
Figure not comparable with Q3FY20, when it booked a fair value gain of over Rs 9,000 crore due to merger of Gruh Finance with Bandhan Bank
Deals up 3% by both, value and volume, over December 2020 figures
The large insurance companies are well capitalised and backed by very strong Indian partners, mostly banks and large non-banking players
The Insurance Act presently says a company has to be 'Indian-owned and controlled'
Severely criticises RBI for not being able to unearth full extent of bad debt mess in banks in previous AQR round
Annuity products may switch to floating rates from fixed, which generally give lower returns to customers
Affordable housing and tractor loans are the new business segments that the bank is entering
As of November 2020, around 603.6-million RuPay cards have been issued by nearly 1,158 banks
Provisioning cost rose 33 per cent year-on-year; proforma gross NPA at 4.55 per cent
Despite interest income declining by almost 7 per cent, the lender's NII rose 8.65 per cent to Rs 7,749 crore