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RBL Bank completes Rs 1,566 cr fund raising through preferential allotment

With this, the lender's capital adequacy has gone up to to 18.7%

Most see 5% rise in health insurance premiums, says Policybazaar

Experts suggest the premium hike of up to 5 per cent is because of various changes the regulator has brought in to standardise health products and make them more customer centric

Bandhan Bank Q2 net profit falls 5% to Rs 920 crore; NII rises 26%

Asset quality of the lender has improved both sequentially and year-on-year.

UPI transactions surpass 2-billion mark in October on festive boost

The transactions, which had crossed the one-billion mark in the first 15 days of the month, amounted to Rs 3.86 trillion in October

Axis Bank, subsidiaries to acquire 19% stake in Max Life in revised deal

RBI did not consider Axis's earlier proposal of acquiring 17% stake in Max Life

Bank of Baroda Q2 net profit jumps 127% to Rs 1,679 crore; NII rises 7%

Net interest income rose almost 7 per cent to Rs 7,508 crore, compared to Rs 7,028 crore in Q2Fy20

Axis Bank logs net profit of Rs 1,683 cr in Q2; NII up 20% to Rs 7,326 cr

NII has grown 20 per cent to Rs 7,326 crore in the July-September quarter of FY21, compared to Rs 6,102 crore in the corresponding period of last financial year

RBL Bank Q2 net up 165% to Rs 144 cr on higher NII, dip in provisions

Net interest margin flat at 4.34%, other income up 3% to Rs 456 cr

Covid claims filed with insurers reach 475,000, of which 325,000 settled

Insurers to take a major hit with huge spike in August and September; tapering seen in October may bring some relief

Kotak Mahindra Bank's consolidated PAT up 22% in Q2 to Rs 2,947 cr

Net interest income up 16.8% YoY to Rs 3,913 crore in the reporting quarter, net interest margin 4.52%

YES Bank posts Rs 129-crore profit; net interest income rises 3.4%

Bank's provisions rose 9.3 per cent sequentially in Q2 to Rs 1,187 crore

ICICI Lombard Q2 net profit rises 35% on improved underwriting practices

The company reported a combined ratio of 99.7 per cent in Q2FY21, compared to 102.6 per cent in Q2FY20. Combined ratio is the measure of profitability of a general insurance company

Irdai allows renewal, migration and portability of Covid-specific products

Renewal subject to insurer's underwriting policy, must be done before expiry of existing policy contract

Securitisation sees 80% drop in H1FY21 due to Covid-19, moratorium: Crisil

However, there are signs of recovery as September saw a rebound in securitisation transactions to Rs 10,000 crore

Double-digit surge in insurance sector by FY21-end: LIC MD Raj Kumar

Growth of the industry had fallen by 19 per cent in April

Non-life insurers see a 4.41% drop in premium collection in September

Standalone health insurers, however, see a 38% spike in collections on the back of heavy demand for health covers

Indiabulls housing fin sells some more stake in OakNorth Bank for Rs 441 cr

The proceeds will be used to bolster the capital adequacy ratio of the lender

RBI to conduct on-tap TLTRO worth Rs 1 trillion to nudge credit growth

The TLTRO will be for tenors of up to three years and for a total amount of up to Rs 1 trillion at a floating rate linked to the policy repo rate for banks

Now, RTGS payment system to be available around the clock, says RBI

While NEFT was made a 24x7 system in December, 2019, RTGS will also become one in December, 2020

Early Diwali for homebuyers: RBI move to reduce rates, boost realty demand

The decision to rationalise risk weights woule particularly benefit borrowers of higher value loans