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Sumant Kathpalia succeeds Romesh Sobti as IndusInd Bank MD & CEO

Kathpalia will succeed current MD & CEO Romesh Sobti, who has been at the helm of affairs for over a decade now. Sobti's term as MD & CEO will end on March 23.

Bombay HC dismisses Chanda Kochhar's writ petition against ICICI Bank

Court accepts the bank's stance that Kochhar's petition has no legal basis as the lender is a private banking company and the petition seeks to contest purely private contractual terms

Govt puts Yes Bank under moratorium; withdrawals limited to Rs 50,000

This has been done to quickly restore depositors' confidence in the bank. The scheme for reconstruction and amalgamation of bank is also being put in place, RBI said in the statement.

Access to funding improves for NBFCs but not yet at pre-IL&FS level

Debt capital markets continue to shy away from the shadow banking sector

Coronavirus: Irdai asks insurers to design products covering treatment cost

The regulator has also made it clear that in existing products where the cost of hospitalisation is covered, insurers have to make sure that cases related to coronavirus are dealt with expeditiously.

We don't have any plans for listing: Bajaj Allianz Life Insurance MD & CEO

We are disclosing as much and sometimes more than what the listed companies are disclosing

IBC process needs to speed up; private investment may remain muted

According to the Survey, resolution under IBC has been much higher as compared to other processes.

Health index can signal early signs of liquidity risks in NBFC sector

There is a shift in funding sources for NBFCs at present

RBI accepts Kotak Bank promoters' plan to cap voting rights, reduce stake

Private lender withdraws writ petition from Bombay High Court

Irdai's Committee on micro insurance suggests ways to boost segment

Micro insurance is specifically intended for protection of low income people, with affordable products to help them cope with and recover from financial loss

Religare Finvest proposes a resolution plan for Rs 5,852 crore of debt

According to the plan, of the Rs 5,852 crore, around Rs 2,700 crore is sustainable debt and will be serviced by the SME portfolio

Bajaj Fin reports 33% growth in Q3 profit, stock may remain range-bound

Growth was driven by net interest income (NII), which increased 42 per cent year-on-year (YoY) to Rs 4,537 crore in Q3FY20

ICICI Bank PBT soars 187% in Q3 on growth in interest, other income

The private sector lender had posted PBT of Rs 1,902 crore in Q3FY19

GIC Re hikes premiums for property insurance segment under fire portfolio

The impact of increase in premiums for individual insurers will be different, depending on the kind of risk they are participating in

DHFL posts net loss of Rs 6,640 crore; interest income declines 34%

DHFL is the first financial services firm undergoing bankruptcy proceedings after the Centre notified the law on Nov 15

PNB Housing Finance reports a 32% decline in PBT at Rs 298.2 crore

The shares of the housing finance company closed 5.01 per cent lower at Rs 542.30 per share on the BSE

HDFC Life reports 2.7% rise in profit before tax at Rs 263.61 crore in Q3

Net premium income saw a 13% rise to Rs 7,854 crore in Q3 versus Rs 6,897 crore in the year-ago quarter

LIC's exposure to default debt instruments tops Rs 20,000 crore

The exposure, which is for the period ended September 2019, is across various platforms such as life funds, pension funds, and unit-linked funds.

Insurance covers that protect cos from cyber attacks, data thefts & frauds

Post the ransomware attacks of 2017, the demand for cyber insurance from the manufacturing sector has been on the rise," said Sanjay Kedia, CEO Marsh India Insurance Brokers

NBFCs' asset quality deteriorates, delinquency rate rises by 50 bps in Q3

In the consumer credit segment, delinquencies have gone down in automobile loans by 22 bps and in personal loans by 5 bps