BFSI Summit 2024 highlights: RBI's caution against unsecured lending is appropriate, says KV Kamath

Business Standard BFSI Summit highlights: Catch all the updates related to the BFSI summit here

2:22 PM

Capital expenditure should be accelerated as per budget commitments, says CEA Anantha Nageswaran

"If labour income and purchasing power does not increase it will have negative impact of corporate top lines and earnings," Anantha Nageswaran said today at BS BFSI Summit's fireside chat.

2:14 PM

BFSI update: Developed countries practiced restrictive trade policies in the past, says CEA

2:08 PM

BFSI update: India needs reliable, affordable energy supplies, says Anantha Nageswaran

1:04 PM

Insurance companies should pass on benefits to users, says Acko's Animesh Das

"From a regulatory point of view, I think there's sharpness in terms of how we keep a track of the claims and the benefits which are supposed to be passed to the consumers are being followed," Animesh Das, MD & CEO, Acko said. 

12:53 PM

GIFT City a ‘win-win’ for fund managers, say industry leaders

Asset and fund managers underscored the rising allure of GIFT City as a cost-effective and strategic alternative to traditional financial hubs like Mauritius and Singapore. Read here for more details.

12:26 PM

Affordability needs to be addressed in health insurance sector: Anup Rau

12:20 PM

BFSI update: Ease of doing business with product approval timelines is fundamental, says Acko's Animesh Das

12:17 PM

Debt route has become significant way to access capital, says BlackSoil's Ankur Bansal

"The demand for debt has increased manifolds as equity supply has reduced. More and more people are looking at other avenues of capital and debt has become significant way to access capital," Ankur Bansal said today.  

11:56 AM

Govt has taken up the issue of composite insurance, says Debasish Panda

11:50 AM

Creation of reinsurance space is definitely a priority, says Debasish Panda

"We have opened doors for domestic insurance to open shops. We are looking at cross border insurance to set up their shops here at GIFT City," Debasish Panda said. 

11:22 AM

We need to build trust for insurance among citizens, says Irdai's Debasish Panda

"Insurance has to touch every citizen. We need to build trust for insurance among citizens," Debasish Panda said today. "We had to revamp the regulatory architecture, by moving away from rural base to principal base, which is getting a lot of interest from international organisations as well," Panda added.

11:08 AM

An insurance score can be built if Aadhaar is made compulsory for treatment: Vibha Padalkar

10:52 AM

Regulator has asked us to prioritise customers' data, says ICICI Life's Anup Bagchi

"Health records are very sensitive. Regulator is pushing us to do more on cyber security front to safeguard customers' data," Anup Bagchi said today during a panel discussion covering the life insurance sector. 

10:46 AM

Structured finance will ultimately move to GIFT city, says BNP Paribas' Ganeshan Murugaiyan

From a corporate perspective, GIFT city is a very important development for India, especially when the country is moving towards the goal of becoming a $5 trillion economy, BNP Paribas' Ganeshan Murugaiyan said today. "Structured finance will ultimately move to GIFT. India will the hub for growth in aviation and we are the largest aviation financing bank; we are now doing it through the GIFT city route. Financing for clean energy will also happen through GIFT city," Murugaiyan added. 

10:37 AM

Data not being used effectively in insurance industry: Mahesh Balasubramanian

"We are not using data effectively in the industry. We can have something like an insurance score like a credit score. A higher insurance score will lead to a lesser premium," says Kotak Life Insurance's Mahesh Balasubramanian.