BUSINESS
Shriram Life Insurance to steer clear of banca channels, says CEO Casparus Kromhout
Banca tie-ups might give a short-term boost but they come with the risk of abrupt loss if a bank switches partners, says Kromhout
BUSINESS
Fusion Finance auditors issue qualified report after Q4 FY25 results, flag ECL issue
The auditors flagged the company’s decision not to retrospectively adjust previous financials for expected credit loss (ECL) provisions to the tune of Rs 1,864.91 crore, citing impracticability.
BUSINESS
For IndusInd Bank, MFI issues are larger than derivative woes
March quarter financials take a hit of Rs 4,975 crore, which includes accounting adjustments and reversals on account of derivative instruments as well as rectifying lapses in the bank’s microfinance portfolio. Auditors say incorrect accounting of derivatives started as back as FY16.
BUSINESS
Crisis of confidence at IndusInd Bank, say analysts, lender assures clean-up is underway
While IndusInd Bank has said that all known discrepancies have now been accounted for, and auditors have combed through its financials extensively, analysts and the market remain wary.
BUSINESS
Insurance Amendment Bill likely in monsoon session, composite licenses and nod for 100% FDI on cards
The Insurance Amendment Bill is expected to simplify the capital structures of companies by proposing key reforms including composite licenses and increasing the foreign direct investment (FDI) cap.
BUSINESS
Shareholders reject board seat to Warburg-backed investor in IDFC FIRST Bank
The special resolution, which required at least 75 percent of votes in favour to pass, received only 64.10 percent approval, the filing says
BUSINESS
MC Exclusive | Star Health data breach may trigger CXO exodus amid cybersecurity probe
According to sources, the ongoing investigation into cybersecurity lapses could lead to financial repercussions of approximately Rs 200 - 250 crore, primarily due to potential legal penalties stemming from the company’s security failures.
BUSINESS
Axis Max Life to see ULIP moderation by 3%, eyes IPO simplification in FY26: CFO Amrit Singh
In FY25, ULIPs accounted for approximately 42 percent of the company’s portfolio, while non-participating comprised 23 percent and par comprised of 15 percent.
BUSINESS
LIC outpaces industry in April with nearly 10% growth in New Business Premium
According to data released by the Life Insurance Council, LIC collected Rs 13,610.63 crore in NBP for the month, up from Rs 12,383.64 crore in April 2024
BUSINESS
Non-life insurers' premium grows 13.5% in April 2025, driven by health and general segments
The growth was led primarily by the general insurance and standalone health insurance sectors, while specialised insurers witnessed a notable decline, data shows
BUSINESS
Niva Bupa targets 6-7% growth rate above market average in FY26: CFO Mahendra
Promoter Bupa increasing its stake in Niva Bupa would depend on liquidity conditions, he said. "We’ll continue to look for opportunities in group accounts, but retail will remain our primary focus," Mahendra said.
INDIA
Banks keep a close watch on border states as India-Pakistan conflict escalates
Jammu & Kashmir, Punjab, Rajasthan, Gujarat, and Himachal Pradesh collectively account for 12.81% of India’s total bank deposits and 13.41% of advances
BUSINESS
Union Bank of India Q4 FY25 net profit rises 51% to Rs 4,984 crore
For the full financial year, Union Bank of India posted a net profit of Rs 17,98,714 lakh, marking a year-on-year growth from Rs 13,64,831 lakh in FY24
BUSINESS
Indian insurers brace for commercial shipping insurance surge, as India-Pak tensions threaten Arabian sea trade
If the situation deteriorates, premiums could double or triple overnight, analysts have warned
BUSINESS
HUDCO aiming for zero bad loans, planning overseas debt issue: CEO Kulshestha
The company is in talks for a $500 million-equivalent loan in Japanese Yen, expected to be finalised by September, says Sanjay Kulshestha
BUSINESS
Private general insurers to raise concerns with fin min over 4% mandatory cession to GIC Re, citing profitability strain
While public sector insurers may face less competitive pressure to optimise reinsurance costs, as the mandatory cession aligns with their operational framework, private insurers may face financial stress, say sources.
BUSINESS
6 of 7 private banks face slump in operating profits, margins in Q4 FY25
The decline stemmed from weaker demand in specific loan segments and deliberate efforts by banks to reduce elevated loan-to-deposit ratios. Moreover, this trend may persist.
BUSINESS
Credit card segment to reach pre-embargo levels in 6 months, Kotak CEO Vaswani says
Kotak expects steady performance in its personal loan portfolio and credit card segment in FY26, CEO Vaswani says
BANKING
Federal Bank avoids high-risk assets as yields drop, MFI stress to persist for 1-2 quarters: CEO KVS Manian
CEO Manian also says bank remains in a “wait and watch” mode on the MFI segment due to ongoing challenges
BUSINESS
Analysts warn Tamil Nadu MFI lenders may face strain, cite Karnataka fallout
Analysts say that the Tamil Nadu Bill’s vague definition of 'coercive' recovery methods — potentially encompassing persistent follow-ups, late-night calls, or physical intimidation — could lead to inconsistent enforcement.
BUSINESS
HDFC Bank's market cap only slightly trails Goldman Sachs
Despite differing in business models, HDFC Bank as a commercial bank and Goldman Sachs as an investment bank, the comparison highlights HDFC’s growing prominence
BUSINESS
MC Analysis | Leading Indian banks refrain from giving guidance on FY26 growth; first time in many years
The potential for further yield erosion, combined with challenges in deposit mobilisation and rising credit costs, has made forecasting difficult, especially amid global tariff uncertainties.
BUSINESS
MC Interview | Galaxy Health Insurance to launch bancassurance in 6 months: CEO Srinivasan
Company to focus on bancassurance, embedded insurance, and wellness products while targeting Rs 200 crore in FY26 up from Rs 17 crore
BUSINESS
L&T Finance targets 20% growth in FY26, eyes MFI recovery by Q2: CEO Roy
CEO Roy says, the challenges in the microfinance (MFI) sector are coming to an end, with normalcy expected by Q2 FY26
