Page 12 - Subrata Panda

Crash likely to trigger claims up to $150 mn for insurers, reinsurers

About 10 per cent of the claims are likely to come on the books of Indian insurers and reinsurers, according to industry observers

Change of stance to neutral doesn't mean pause on rate cut: Economists

The MPC, last week, cut the policy repo rate by 50 basis points (bps) to 5.5 per cent, surprising markets, which had largely priced in a more modest reduction of 25 bps

Zero-coupon bonds struggle to retain investor demand amid mkt trend shifts

Monetary-policy easing, an abundant liquidity infusion, and a cut in the cash reserve ratio (CRR) cut by the Reserve Bank of India (RBI) in the recent monetary policy review weighed on bond yields

HDFC, ICICI Bank cut retail deposit rates after RBI repo rate reduction

HDFC Bank and ICICI Bank lower fixed deposit and savings account interest rates following the RBI's 50 basis point repo rate cut amid slow policy transmission

Three months after Panda's exit, Irdai chairperson post remains vacant

Absence of a regulator stalls key insurance reforms including Bima Trinity, composite licence, and risk-based capital framework

Jana Small Finance Bank applies to RBI for transition to universal bank

Jana Small Finance Bank has applied to the RBI for voluntary transition to a universal bank, meeting key financial criteria including NPAs below regulatory thresholds for two years

PFC withdraws zero-coupon bonds issuance due to weak investor demand

PFC shelves bond issue for the second time in weeks as investors demand higher yields, citing losses on REC's earlier ZCB issue and shifting bond market dynamics

We should just go for unified licences; must open up distribution: Singhel

Human memory is very short. The demand for health insurance is still fine, we still have a double digit growth, Tapan Singhel said

HDFC Bank to pursue legal remedies against Mehta family of Lilavati Trust

The bank rejected the "malicious and baseless allegations" levelled against HDFC Bank's MD and CEO Sashidhar Jagdishan

Things 'should soon settle down': RBI on IndusInd Bank's measures

RBI says it is satisfied with IndusInd Bank's accounting clean-up post derivatives irregularities but stresses it will act if necessary and has sharpened supervision tools

RBI reviewing bank ownership structure, says Governor Sanjay Malhotra

RBI Governor Sanjay Malhotra says the central bank is examining bank ownership structure and eligibility norms for licensing to meet the growing needs of an expanding economy

Foreign investment in Indian corporate bonds hits 10-year high in May

May sees Rs 20,996 crore in foreign corporate bond investments, led by SP Group's $3.35 billion issue; RBI's relaxed norms add to momentum

Indusind Bank board under scrutiny following Sebi's ex-parte interim order

Indusind Bank chairman Sunil Mehta commits to addressing board accountability after Sebi's order highlighted accounting discrepancies and senior management awareness

Over ₹12,000 crore bond sweep by firms ahead of RBI policy verdict

Indian firms including Vedanta, Jubilant and HUDCO raised over Rs 12,000 crore from bonds ahead of the RBI's expected 25 bps repo rate cut, with strong demand from mutual funds

CA Basque loses right to nominate director on bank's board, says Yes Bank

Carlyle affiliate trims Yes Bank stake to 4.22% via ₹1,774.89 crore block deals and loses board nomination right; senior resignations and strategic restructuring continue

New DLG provisioning norms: Fintech bodies hope for relief from RBI

Collecting data from fintechs to substantiate likely impact of double-provisioning

Yes Bank to boost retail book with strong focus on internal customers

The bank plans to grow its retail book by 10-12% in FY26, reduce the cost of deposits, and improve asset yields

Bank fraud cases fell in FY25, amount rose threefold to ₹36,014 cr: RBI

Most cases in digital payments involved ₹520 crore, says regulator in annual report

LIC picks up Adani Ports and Special Economic Zone's entire Rs 5K cr issue

LIC fully subscribes to Adani Ports' Rs 5,000 crore 15-year bond issue at 7.75% in a privately negotiated deal, as other firms struggle to raise targeted amounts

Prashant Tripathy to step down as Axis Max Life MD & CEO in September

Axis Max Life CEO Prashant Tripathy to step down by September-end after six years at the helm; board to begin search for successor, subject to regulatory nods