Aathira Varier

Credit card spends surged to 4-month high of Rs 2 trillion in March

Card addition slows in FY25 following higher risk weight norm

Growth in number of life insurance policies sold falls steeply in FY25

The significant decline in the number of policies sold can be attributed to the implementation of new surrender value norms

SBI Life Q4 results: Net profit flat at ₹813 cr, net premium income down 5%

The net premium income of the life insurer slipped by 5 per cent year-on-year (Y-o-Y) to ₹23,860.71 crore in the reporting quarter

Life insurers' NBP grows 5% in FY25; premium collected shy of Rs 4 trn mark

The premiums of the largest private life insurer - SBI Life Insurance - slipped by 7 per cent Y-o-Y to Rs 35,576.67 crore

Outward remittances under RBI's LRS decline 8.2% in April-February

Overseas remittances for the purchase of immovable property rose by 28.32 per cent Y-o-Y to $277.7 million

Muthoot Fincorp picks nearly 1% stake in BankBazaar for Rs 15 crore

BankBazaar is also making an entry into the secured gold loan market in partnership with the gold loan focused NBFC

Banks reduce savings account interest rates to protect profitability

Recently, HDFC Bank, ICICI Bank, Axis Bank and Federal Bank announced nearly 25 basis points revision in their savings account interest rates

Marine, trade risk insurance likely to face US reciprocal tariff heat

According to industry experts, if the 26 per cent tariffs are imposed on India's goods, it is expected to put pressure on marine and trade risk insurance in the country

Yes Bank's Q4FY25 results: Net profit up 63.3% Y-o-Y at Rs 738.1 crore

Net interest income grew by a mere 5.7 per cent to Rs 2,276 crore during the quarter

HDFC Life will keep margins range bound at 25-26%: MD & CEO Vibha Padalkar

Padalkar spoke about how the company bucked the industry trend in terms of growth during Q4 of FY25 while outlining the strategy for FY26

Insurance industry feels the blues as growth slows amid structural issues

Growth has slowed significantly in FY25 as both life and non-life segment report single digit growth, partly because of changes in reporting norms, as well as lower credit by NBFCs and MFIs

HDFC Life Q4 FY25 results: Net profit rises 16% to ₹476.54 crore

Net profit of the company grew by 15 per cent Y-o-Y in FY25 to ₹1,802 crore

High premiums, low funds key barriers to buying health, term insurance

About 20 per cent of the respondents said they do not fully understand health insurance, and 18 per cent saw buying it as a cumbersome process

ICICI Lombard General Q4FY25 results: Profit down 1.9% at Rs 510 crore

GDPI of the largest private general insurer was up by 2.27 per cent Y-o-Y to Rs 6,211 crore in the quarter after the insurance regulator introduced 1/N accounting norms

Festive lending slowed in Q3 amid strict norms, tight liquidity: Report

Personal loan originations saw a steep decline in Q1 FY25 after consistent growth up to Q3 FY24

ICICI Pru Life Q4FY25 results: Net profit rises 122% to Rs 386 crore

The net premium income of the country's third-largest private life insurer rose by 10.7 per cent year-on-year (Y-o-Y) to Rs 16,369.17 crore in the reporting quarter

Result preview: Insurers stare at weak Q4 on growth and margin pressure

Life segment players may report flat profit; claims, new norms to weigh on general insurers

Irdai warns Heritage TPA against unilaterally closing health claims

The order is in response to the remote inspection conducted by the authority from November 8, 2021 to November 11, 2021

Non-life insurers' premium touches Rs 3 trillion mark in FY25 amid slowdown

The 6.2 per cent increase in premiums collected come in the backdrop of slowing economic growth in the closing quarters of FY25 and a change in accounting norms

Non-life insurers' premium likely to improve in FY26, say experts

In FY25, premium of non-life insurers rose to ₹3.08 trillion, marking a 6.2 per cent year-on-year (Y-o-Y) increase