Page 84 - Subrata Panda/workspace/business Standard Web/video

Premiums of non-life insurers rise 18.4% to Rs 17,011 cr in July

The biggest gainers were the standalone health insurers, 6 in all, with premiums rising more than 40 per cent to Rs 1,573.96 crore

GI Council may move SC to implead itself on standard rates in Covid therapy

Wants govt to prescribe treatment protocol and then fix the rates

Covid-19: Axis Bank, HDFC raise Rs 10,000 cr each via QIPs to absorb risk

Recently, many private sector lenders have raised funds to create a buffer so that they are in a position to absorb any kind of shock emanating from the pandemic

Non-life insurers receive more than 100K Covid-19 claims worth Rs 1,644 cr

While initially, the claim amount was high, it has now moderated with many states prescribing a standard treatment rate for Covid-19

ICICI Bank launches QIP with floor price of Rs 351.36, eyes Rs 15,000 cr

The bank's Capital Adequacy Ratio (CAR) stood at 16 per cent as on June 30, 2020 with Tier I at 14.72 per cent. The asset quality profile of the bank improved during the reporting quarter

Air India Express plane, which overshot runway, was insured for $50 mn

Air India's fleet is insured for around $10 billion and the airline has a liability cover of $750 million

Insurance firms see surrenders decline in Q1, brace for trend to change

Companies look to hedge against policy surrenders by providing short-term loans as succour in pandemic

Life insurers see new business premium rise 7% in July to Rs 22,986 cr

Private insurers, 23 in all, amassed NBP of Rs 7,815 cr in July, up 26% from Rs 6,197 cr a year ago

Insurers see over 90,000 Covid-related claims worth Rs 1,463 crore

State-wise data shows, Maharashtra, which has recorded the maximum number of cases in the country, has the maximum claims coming in, followed by Tamil Nadu, Delhi, Gujarat, and Karnataka

Monetary policy: RBI lends helping hand to distressed retail borrowers

Under the scheme, a resolution plan for personal loans may be invoked till December 31 and will be implemented within 90 days thereafter

Insurance companies turn net buyers of equities after eight years

Sustained buying by them adds heft to market rally

IndusInd Bank's profit before tax declines 72% to Rs 602.45 crore

The lender's net interest income rose 16.4 per cent year on year to Rs 3,309 crore

Kotak Bank consolidated pre-tax profit down 16.4% to Rs 2,435 cr in Q1

Total provisions and contingencies, including Covid-related provisions, rose to Rs 962 crore in Q1 FY21 compared to Rs 317 crore in the year ago quarter

Aditya Puri sells 7.42 million shares in HDFC Bank for Rs 843 cr

Puri, the longest serving MD of a private bank in India, has been at the helm of HDFC Bank for the last 26 years, since its inception in 1994

Declining long-term market funding for NBFCs a concern, says RBI

It has the potential to heighten the liquidity risks the sector is already facing after the IL&FS debacle, FSR said

Irdai asks Axis Bank, Max Financial to make changes in deal structure

Irdai has asked them to factor in some alternate mechanisms subject to regulatory approvals.

Debt-laden Jet Airways receives resolution plan from two bidders

Jet, which has been under insolvency since June last year, had received 12 expression of interests in the fourth round, after the first three rounds failed to garner any financial bids

ICICI Prudential Life's pre-tax profit rises 8.36% to Rs 311 cr in Q1

The company reported a year on year decline of 32.6 per cent in new business premium to Rs 1,499 crore in Q1FY21 compared to Rs 2,226 crore in the year ago period

HDFC Life Q1 pre-tax profit up 2.87%, new business premium down 33%

Value of new business, a measure of profitability for life insurers, was down 43 per cent to Rs 291 crore in Q1FY21 from Rs 509 crore

Bajaj Finance consolidated Q1 pre-tax profit down 29% on Covid provisioning

Net profit down 19 per cent to Rs 962 crore from Rs 1,195 crore in Q1FY20