Page 7 - Aathira Varier

NBFCs diversify funding sources amid increased lending risk weights

The asset quality of government-owned NBFCs and non-government-owned middle layer NBFCs focused on the retail line of business was also higher

International travel drives outward remittance under LRS to $2.7 bn in July

Investments in equity and debt schemes surged by 108 per cent to $120.86 million from $58.06 million

We will possibly start to expand footprints: HDFC Ergo's Anuj Tyagi

Anuj Tyagi discusses the insurers' plans on the focus areas of the retail line of businesses

RBI approves re-appointment of V Vaidyanathan as IDFC First Bank's MD & CEO

He took over as the MD and CEO of IDFC First Bank in December 2018, following the merger of Capital First and IDFC Bank

RBI lifts restrictions imposed on IIFL Finance's gold loan business

On March 4, 2024, the RBI imposed restrictions on IIFL Finance after observing deviations in assaying and certifying purity and net weight of gold at time of sanctioning loans and at time of auction

LIC earmarks Rs 600 crore for digital shift; to be 'paperless' in 2 years

LIC has appointed Boston Consulting Group as a consultant

PM Modi encourages use of RBI's digital currency at Odisha scheme launch

The Prime Minister thanked women of the state for being part of it while launching the women-centric scheme in Bhubaneswar on Tuesday

LIC appoints Infosys to build NextGen platform as part of DIVE programme

LIC previously received IT support from industry majors such as TCS and Tech Mahindra

Interest, trust of investors humbling: Sanjiv Bajaj on BHFL listing

Says shareholders should expect a business that grows with high quality and high level of corporate governance

How insurance industry is adopting technology to assist customers

Artificial intelligence, data analytics help companies to improve claims processing, solve complaints

Life Insurance companies' new business premium rises 22% in August

Non-life insurers report muted growth in premiums in August

Several banks oppose draft LCR circular, say may affect loan growth

Claim it will impact retail deposits as 90% are digitally linked

PNB Housing plans to raise up to $125 mn in Q3: MD & CEO Girish Kousgi

In FY25, Kousgi expects the share of borrowing via ECB, NHB, NCDs, and CPs to slightly increase, while bank borrowings will come down

Nabard to tap global agencies to set up carbon fund: Chairman Shaji K V

According to a recent study by the Coalition for Disaster Resilient Infrastructure (CDRI), globally, assets worth nearly $800 billion are getting affected on an annual basis due to climate change

Irdai asks insurance companies to integrate IT systems with Digilocker

According to the circular, both life and general insurers are mandated to provide an essential summary of important information at different stages of the insurance contract

Need to bring 80% MSMEs under formal financial system: M Nagaraju

Banks have an undisputable responsibility in advancing the agenda of inclusive growth, which is fundamental to the economic and social development of the country

Star Health to collaborate with foreign insurers for inward reinsurance

The agency force accounts for nearly 80 per cent of the health insurer's overall business

FinMin to develop climate finance taxonomy in 6-10 months: DEA secy

Climate finance taxonomy is a set of guidelines that will help investors and institutions direct funds towards investments that will aid in tackling climate change

Mis-selling of life insurance policies at alarming level, says Irdai

According to Satyajit Tripathy, Member-Distribution of Irdai, life insurance grievances are often related to the product, while non-life grievances usually concern claim payments and exclusions

India must avoid sway of fin mkts' expectations over macro outcomes: CEA

Speaking at the CII Financing 3.0 Summit in Mumbai, Nageswaran stated that when the financial sector is in excessively robust health, the health of the rest of the economy becomes fragile