Aathira Varier

Govt opens up State Bank of India managing director position to pvt sector

FSIB may hire HR agency to carry out behaviour and competency assessment of candidates

Life insurers' new business premium rises 14.8% in September 2025

Robust group segment performance led by LIC and private players drives 14.8 per cent year-on-year growth in new business premium for life insurers

Rethink insurance delivery to reach rural India: Irdai's Deepak Sood

Deepak Sood says India's digital infrastructure enables universal insurance, but the industry must reinvent distribution models to reach all socio-economic groups

PFRDA to expand NPS coverage to include agri sector and gig workers

PFRDA Chairman S Ramann says the regulator aims to extend pension coverage through FPOs, self-help groups and fintech tie-ups, and may allow gold and silver investments

Canara HSBC Life Insurance public issue to raise nearly ₹2,500 crore

The life insurer's Rs 2,500-cr IPO is an offer for sale by existing shareholders, with CEO Anuj Mathur saying no fresh capital is needed for expansion

Multi-line general, health insurers log muted growth after GST revamp

Multi-line general insurers grew 1.94% and standalone health insurers 3.09% in September, while specialised players saw strong premium expansion

Rebuilding trust, regaining biz momentum key priorities for IndusInd Bank

The private sector lender is also looking to enhance productivity through innovations in areas such as fintech

RBI's Basel III norms to lower banks' capital requirement from 2027

RBI's revised Basel III norms, effective April 2027, to lower capital needs for banks with reduced risk weights on MSME and housing loans, boosting CET1 ratios

Q2 loan race: HDFC, Kotak Mahindra Bank shine; IndusInd deposit books fall

RBL Bank also reported healthy growth, with loans up 14 per cent Y-o-Y to ₹1.02 trillion and deposits up 8 per cent Y-o-Y to ₹1.16 trillion

ECL norms to have bigger impact on banks with higher unsecured loans

Expected credit loss framework to replace incurred loss model from April 2027; analysts say lenders with higher unsecured retail and microfinance exposure will see bigger provisioning impact

Banks move to continuous cheque clearing, funds in hours from October 4

From October 4, cheques will be cleared on a near real-time basis under a new continuous clearing system, replacing the batch process and speeding up fund access

Life insurers cut agents' slice to give customers the full GST pie

Commission payouts reduced by 18% as insurers pass GST cut benefits to customers

RBI grants SRO status to Finance Industry Development Council (FIDC)

According to the central bank, it had received three applications to be recognised as self-regulatory organisations in the NBFC space, including that of the FIDC

Aggressive pricing pulls down crop insurance premiums by over 30% in FY26

Crop insurance premiums dropped over 30% in FY26 till August due to aggressive pricing, state re-tendering and unsustainable loss-sharing models under PMFBY

Private insurers cut agent commissions after GST changes on health cover

ICICI Lombard, Care Health and Aditya Birla Health Insurance have lowered commission payouts on retail policies as GST on health premiums goes nil and ITC norms tighten

RBI examining digital phone locking as loan recovery tool, says governor

In September 2025, it was reported that the RBI is considering allowing lenders to use "device-locking technology" (DLT), by which they can lock the borrowers' smartphone in the case of a default

Higher-rated banks to pay less premium under RBI's proposed model

RBI has proposed a risk-based deposit insurance premium model from FY27 with the flat rate as the ceiling, lowering costs for stronger banks while improving risk management

Credit quality of Indian companies likely to remain stable in H2FY26

Rating agencies say easing monetary cycle, declining inflation supporting this

FSIB recommends Ramakrishnan Chander as LIC's next managing director

The Financial Services Institutions Bureau has recommended Ramakrishnan Chander for the post of LIC Managing Director, with the final decision to be taken by the Appointments Committee

NeSL in talks with insurers to launch surety bonds in digital format

Although the volumes for surety bonds continues to be low, issuance in a non-paper manner will ease a lot of administrative work for the insurers and could also help in increasing volumes