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Subrata Panda

Subrata Panda

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Irdai removes curbs on dividend payout as insurers deliver better results

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

Irdai removes curbs on dividend payout as insurers deliver better results
Updated On : 26 Feb 2021 | 1:06 AM IST

Irdai launches standard personal accident cover, maximum Rs 1 cr assured

In the case of permanent total disablement, a similar benefit will be paid by the insurance firm

Irdai launches standard personal accident cover, maximum Rs 1 cr assured
Updated On : 26 Feb 2021 | 1:02 AM IST

Axis entities get Irdai approval to acquire stake in Max Life Insurance

Axis Entities will have the right to acquire another 7 per cent in the life insurance company, in or more tranches

Axis entities get Irdai approval to acquire stake in Max Life Insurance
Updated On : 25 Feb 2021 | 12:12 AM IST

Price hike in term insurance plans may not impact demand: Experts

Despite the price rise, term plans are relatively cheaper in India than in the US or even Singapore, said experts

Price hike in term insurance plans may not impact demand: Experts
Updated On : 24 Feb 2021 | 6:10 AM IST

MPC minutes: Unwinding high indirect taxes on fuel critical, says Das

Fall in inflation gives MPC room to continue to support growth in economy

MPC minutes: Unwinding high indirect taxes on fuel critical, says Das
Updated On : 23 Feb 2021 | 12:50 AM IST

Retail health continues to shine as motor and crop insurance slide

Till January, the health insurance segment has grown 14.59 per cent to Rs 48,501 crore

Retail health continues to shine as motor and crop insurance slide
Updated On : 18 Feb 2021 | 11:23 PM IST

NBFC stress will ease from FY22 with recovery in the economy: Experts

The level of stress in the sector will be less intense as economic activity has been improving gradually

NBFC stress will ease from FY22 with recovery in the economy: Experts
Updated On : 18 Feb 2021 | 6:10 AM IST

Insurers remain divided over Covid-19's status as 'pre-existing condition'

Anything that increases the risk for insurers will call for either a repricing or refusal

Insurers remain divided over Covid-19's status as 'pre-existing condition'
Updated On : 17 Feb 2021 | 6:10 AM IST

RBI forms expert panel to explore consolidation of urban co-op banks

Committee to be headed by former RBI dy governor, submit report in three months

RBI forms expert panel to explore consolidation of urban co-op banks
Updated On : 15 Feb 2021 | 11:52 PM IST

We are a digitally relevant, contemporary franchise: Federal Bank CEO

I am ready to play the long game, which means that sometimes governance takes premium overshort-term tradeoffs , says CEO Srinivasan

We are a digitally relevant, contemporary franchise: Federal Bank CEO
Updated On : 15 Feb 2021 | 8:33 AM IST

HDFC's adjusted net profit up 27% in Q3

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

HDFC's adjusted net profit up 27% in Q3
Updated On : 03 Feb 2021 | 9:59 AM IST

UPI Jan volume up 77% to 2.3 bn year-on-year, value doubles to Rs 4.3 trn

Deals up 3% by both, value and volume, over December 2020 figures

UPI Jan volume up 77% to 2.3 bn year-on-year, value doubles to Rs 4.3 trn
Updated On : 02 Feb 2021 | 11:52 PM IST

Budget 2021: FDI cap hike in insurance may set cash registers ringing

The large insurance companies are well capitalised and backed by very strong Indian partners, mostly banks and large non-banking players

Budget 2021: FDI cap hike in insurance may set cash registers ringing
Updated On : 01 Feb 2021 | 9:56 PM IST

Industry cheers as Budget 2021 increases FDI limit in insurance to 74%

The Insurance Act presently says a company has to be 'Indian-owned and controlled'

Industry cheers as Budget 2021 increases FDI limit in insurance to 74%
Updated On : 01 Feb 2021 | 12:54 PM IST

Eco Survey suggests end to forbearance, another asset quality review round

Severely criticises RBI for not being able to unearth full extent of bad debt mess in banks in previous AQR round

Eco Survey suggests end to forbearance, another asset quality review round
Updated On : 30 Jan 2021 | 2:20 AM IST

Exploring indexing annuity rates to inflation or G-secs: Irdai Chairman

Annuity products may switch to floating rates from fixed, which generally give lower returns to customers

Exploring indexing annuity rates to inflation or G-secs: Irdai Chairman
Updated On : 30 Jan 2021 | 12:22 AM IST

RBL Bank Q3 net doubles to Rs 147 cr on other income, low operating costs

Affordable housing and tractor loans are the new business segments that the bank is entering

RBL Bank Q3 net doubles to Rs 147 cr on other income, low operating costs
Updated On : 29 Jan 2021 | 12:40 AM IST

RuPay's market share tops 60% in total cards issued, says RBI report

As of November 2020, around 603.6-million RuPay cards have been issued by nearly 1,158 banks

RuPay's market share tops 60% in total cards issued, says RBI report
Updated On : 28 Jan 2021 | 1:04 AM IST

Axis Bank's net profit drops 36% in Q3 due to higher provisions

Provisioning cost rose 33 per cent year-on-year; proforma gross NPA at 4.55 per cent

Axis Bank's net profit drops 36% in Q3 due to higher provisions
Updated On : 27 Jan 2021 | 11:28 PM IST

Bank of Baroda clocks Rs 1K-cr profit, warns of stress in retail, SME loans

Despite interest income declining by almost 7 per cent, the lender's NII rose 8.65 per cent to Rs 7,749 crore

Bank of Baroda clocks Rs 1K-cr profit, warns of stress in retail, SME loans
Updated On : 27 Jan 2021 | 10:15 PM IST