Aathira Varier

ICICI Lombard looks to outperform industry's premium growth in Q4

ICICI Lombard expects to outperform industry premium growth by 100-200 bps, driven by motor, health and commercial lines, says CFO

At UCB meet, RBI stresses asset quality oversight, governance standards

RBI Governor Sanjay Malhotra urges urban co-operative banks to strengthen governance, underwriting and asset quality, reiterating their role in financial inclusion

India's insurance market to grow at nearly 7% CAGR over 2026-30: Swiss Re

Swiss Re projects India's insurance market to grow nearly 7% annually between 2026 and 2030, supported by regulatory reforms, higher FDI limits and rising health and motor demand

New Labour Codes push up operating costs for private banks, insurers

Private sector banks and insurers report higher employee costs in Q3FY26 after accounting for statutory impact of New Labour Codes notified by the Centre in November 2025

Federal Bank's Q3FY26 results: Net profit rises 9% to ₹1,041 crore

Federal Bank posted a near 9% rise in Q3 FY26 profit, driven by higher income, better margins and improving asset quality, with growth momentum set to continue

HDFC ERGO MD & CEO Anuj Tyagi resigns, board begins succession process

HDFC ERGO CEO Anuj Tyagi resigns to pursue entrepreneurial plans, with the board starting a structured succession process to ensure leadership continuity

LIC demerger, PSU insurer divestment drive 'Insurance for All by 2047'

An IIM Kozhikode panel has proposed splitting LIC and divesting weak PSU insurers to boost competition, capital and insurance penetration under the 'Insurance for All by 2047' vision

HDFC Life's Q3FY26 results: Net profit rises marginally to ₹421 crore

The company's expenses rose 30.03 per cent YoY to ₹4,532.68 crore, with net commission expenses rising 17.55 per cent YoY to ₹2,272 crore

RBI clears Japan's SMBC to set up wholly owned subsidiary in India

Months after acquiring a 24.21% stake in Yes Bank, Japan's SMBC has received RBI's in-principle approval to set up a wholly owned banking subsidiary in India

RBI looks to resume UCB licences after 22 yrs; moots ₹300 cr min capital

CAR not less than 12%; net NPA not above 3%

ICICI Lombard General Insurance's Q3 net profit falls 9% to ₹659 crore

The expenses of the insurer were up by 16.19 per cent YoY to Rs 6,039.06 crore in the quarter, while commissions rose by 15.5 per cent YoY to Rs 1,343.1 crore

ICICI Prudential Life Insurance Q3 net profit rises 20% to ₹390 crore

The net investment income of the insurer for the quarter stood at Rs 10,745.64 crore, compared with a loss of Rs 7,905.93 crore in the year-ago period

Can't treat compliance as a quarter-end activity: RBI DG Swaminathan J

RBI's Swaminathan urges banks to strengthen compliance, operational resilience, data governance, and third-party risk management to prevent disruptions and improve supervision

Q3 results preview: Life insurers likely to face VNB margin squeeze

Analysts flag 175-350-bp hit despite healthy premium growth

Insurers knock on Irdai door for clarity on director overlap ban

Insurers seek Irdai clarity on a new law barring common directorships, a move that could disrupt boards of bank-backed insurance companies

GST rejig helps life insurers' new business premium surge 40% in December

Life insurers clocked nearly 40% year-on-year growth in December new business premiums, led by LIC and aided by GST rationalisation that improved affordability

Banks in wait-and-watch mode on fresh funding plans for Vodafone Idea

Studying the implications, and will take deeper look at the company's financials, bankers said

Considering tweaks in insurance commission structure: DFS secretary

The government is considering changes to insurance commission structures to lower acquisition costs and improve affordability, DFS Secretary M Nagaraju said

Insurers approach Irdai over common directorship rule in new Bill

Insurance companies have sought clarification from Irdai on a provision barring directors from holding board roles across insurers, banks and investment firms, citing governance and compliance concern

RBI proposes 3-year break for co-op banks' directors after 10 yrs on board

Banking Regulation (Amendment) Act has prescribed a ceiling on the continuous tenure of directors on both state and central co-operative banks and urban co-operative banks, raising it from 8 to 10 yrs