BUSINESS
Rate cut relief comes faster for existing borrowers, as banks adjust spread for new loans
PSBs like Bank of Baroda, PNB, Bank of India, and UCO Bank have begun cutting lending rates, with private lenders like HDFC Bank and Karur Vysya Bank cautiously following suit
BUSINESS
Govt reviews 18% hike in motor TP premiums amid widening losses and years of tariff freeze
This development comes at a time when insurers have been reporting escalating loss ratios
BUSINESS
No changes in FDI norms for banking sector, says RBI governor Sanjay Malhotra
The comments come after a section of media claimed that India was considering easing foreign ownership rules
BUSINESS
RBI MPC Meeting: While net FDI moderated, gross FDI inflows rose sharply, says Sanjay Malhotra
In the past year, gross FDI into India surged by 14 percent, reaching $81 billion
BUSINESS
Nifty Bank hits new high as RBI surprises with 50 bps repo rate cut
The index surged over 1.3 percent intraday to cross the 56,500 mark for the first time, hitting a peak of 56,597.45.
BUSINESS
No systemic impact arising out of IndusInd Bank issue, says RBI governor
RBI Governor Sanjay Malhotra says bank has taken corrective steps and that CEO resignation shows accountability
BUSINESS
RBI shifts stance to 'neutral' on easing inflation, sustained growth
MPC meeting: This marks a reversal from the committee’s April stance when it adopted an 'accommodative' approach to prioritise growth
BUSINESS
MC Exclusive | BimaPay eyes 30–40% volume from ULIPs, nears launch of fully digital loan against life insurance platform
Loans against life insurance policies is a practice that’s long existed in the offline world. But the process is full of delays and paperwork. BimaPay aims to eliminate that friction.
BUSINESS
BimaPay Finsure targets Rs 20 crore premiums in FY26 for maiden corporate product
However, even with the new corporate product, BimaPay remains a retail-first business, CEO Hanut Mehta says
BUSINESS
97.7% bank accounts fully insured, but only 46.3% of deposits covered, shows RBI data
Insured deposits in India rose 7.11 percent year-on-year to reach Rs 96.7 lakh crore as of September 30
BUSINESS
Go Digit Life Insurance reports 719% increase in claims payouts, group term category leads surge
In total, Digit Life settled 15,596 claims this fiscal year, up from 602 in FY24
BUSINESS
Private insurers surge ahead as public sector struggles; ICRA projects Rs 3.6 lakh crore premiums by FY27
The divergence in financial health, market expansion and profitability metrics underscores a widening gap in sector dynamics, an ICRA report says
BUSINESS
Mufin Green Finance eyes Rs 1,300-crore AUM by FY26, reduction in exposure to EV mobility
Mufin Green Finance’s solar book expected to grow 16x in 2 years
BUSINESS
HDFC ERGO to maintain lean bancassurance exposure, targets above-industry growth in FY26: CEO Anuj Tyagi
Tyagi says, the company will instead bet on its agency network, direct-to-customer rural outreach, and commercial lines
BUSINESS
Customer complaints to RBI Ombudsman rise to 2.96 lakh in FY25
The majority of these complaints were directed against banks, followed by NBFCs, other non-bank system participants, and CIGs
BUSINESS
India's services sector outpaces manufacturing and agriculture in FY25: RBI annual report
This is despite the fact that the total GVA at basic prices rose by 6.4 percent in FY25, down from 8.6 percent in the previous year, signalling a moderation in economic momentum
BUSINESS
India's gold hoard up 7% at 879.59 tonnes in FY25
A combination of fresh purchases, a 30% increase in the price of the precious metal and the depreciation of the rupee against the dollar added to the surge
BUSINESS
Bank fraud losses surge three-fold to Rs 36,014 crore in FY25
Public sector banks (PSBs) accounted for the bulk of the losses, while private sector banks reported the highest number of fraud cases, RBI's annual report has said
BUSINESS
Private banks maintain credit momentum but profitability under pressure: RBI Annual Report
While credit growth continued to remain in double-digit in FY25, public sector banks outpaced their private counterparts in expanding credit
BUSINESS
India leads global real-time payments with 48.5% share in FY25, driven by UPI surge: RBI Annual Report
In March 2025 alone, UPI recorded its record-highest of 19.78 billion transactions, amounting to Rs 24.77 lakh crore in value.
BUSINESS
RBI's balance sheet for FY25 expands by 8.2% to Rs 76.25 lakh crore
This marks a significant increase from Rs 70.47 lakh crore in the previous year
COMPANIES
LIC nears stake acquisition in health insurance firm, eyes higher AAA bond investments in FY26
Unlike typical acquisitions where a committee might determine stake size, LIC has opted for internal deliberations to decide the quantum of investment
BUSINESS
Rationale behind composite licensing remains unclear, says Shubhra Goel
The MD of the global professional services Firm also says that life insurance companies are likely to continue scaling back their exposure to ULIPs in FY26, particularly in the face of market volatility
BUSINESS
India is the only market with falling bank employee productivity and decreasing operating leverage: BCG’s Saurabh Tripathi
While Indian banks are benefitting from emerging trends like mutual fund distribution and insurance sales, much of the fee income is volume-driven and not rooted in differentiated, high-value services, he said.
