BUSINESS
70% of Bandhan Bank’s gross slippages in Q1 FY26 came from microfinance portfolio: CEO Sengupta
Looking ahead, the bank expects a gradual improvement in asset quality in Q2, and reiterated its full-year credit cost guidance of 2.5 percent
BUSINESS
HDFC Life insured 5 crore lives in FY25, but 97% were through group schemes
According to HDFC Life’s annual report, the company issued only 12.7 lakh individual policies during the financial year
BUSINESS
IRDAI likely to notify risk-based capital norms in Aug, phased rollout to follow
This implementation is aimed at giving insurers time to build the necessary internal capacity for the model without disrupting day-to-day operations.
BUSINESS
Q1FY26 earnings: HDFC Life, ICICI Prudential rebalance product mix, inch towards protection-led growth
Both insurers are actively shifting from market-linked to guaranteed products and recalibrating margins impacted by regulatory changes, especially around surrender values
BUSINESS
ICICI Prudential Life writes Rs 100 crore in single-premium annuities in Q1, CDO cites falling FD rates
The 53.3% YOY decline in Q1 annuity business despite a Rs 100-crore write-off is largely due to a very high base in the same quarter last year, at around Rs 214 crore, CDO Amit Palta says
BUSINESS
Digital arrest: The case that could decide if bank is liable for forced money transfers
Victims of 'digital arrest scams' argue that consent given under coercion is not valid; the consumer court is set to reassess how liability is defined in cyber fraud cases
BUSINESS
Q1 FY26 life insurance preview: Product mix reset, digital shift among key trends to watch
HDFC Life, ICICI Prudential Life to report on July 15. The companies are likely to begin reconfiguring their product mix and offer more traditional participating and non-participating savings products.
BUSINESS
IRDAI board meets today; may give nod to Patanjali-Magma deal, KIWI licence
In the absence of a full-time IRDAI chairman, the meeting will be held under the interim chairmanship of PK Arora, the senior-most member and actuary of the regulatory body, sources say
BUSINESS
MC Explainer | Why investors are increasingly opting for demat mutual funds
At least four major platforms including Groww, Zerodha, Paytm Money, and Upstox now offer mutual funds in demat form, with Groww making it the default in 2025.
BUSINESS
Life insurers premium growth slows in June despite private sector uptick; LIC steadies with modest gains
Private insurers led the momentum, with firms like Axis Max Life, ICICI Prudential, HDFC Life, Tata AIA, and SBI Life posting double-digit growth
BUSINESS
General insurance premiums rise 5% yoy in June; Public insurers outshine private players
ICICI Lombard, HDFC Ergo see double-digit drop in monthly premiums, while New India Assurance and other PSUs post strong growth
BUSINESS
Drivers' insurance on ride-hailing platforms falls short in implementation
Despite the legal requirement, many drivers remain unaware of such coverage, and even those who are aware often lack access to formal policy documents or clear instructions on how to make a claim, say experts.
BUSINESS
Rs 1 crore ex-gratia not the final compensation for AI 171 crash: Air India to DGCA
On June 30, the DGCA had flagged concerns over Air India’s interim payouts falling short of international compensation standards.
BUSINESS
Life insurers may see muted NBP growth, non-life and reinsurers to ride on health, motor premium during Q1FY26
Life insurers’ new business premiums rose 8.4% in April and 13% in May; non-life GDPI up over 10% in April–May, Star Health, ICICI Lombard, Bajaj Allianz set to post 8–20% growth in Q1 FY26
BUSINESS
Sigachi explosion: What the insurance covers & how claims will be settled
As investigators probe the cause of the blast, Moneycontrol explains the insurance mechanisms in place and how compensation will be processed.
BUSINESS
Axis Max Life probes alleged customer data breach after anonymous threat
A detailed cyber investigation is underway in consultation with cybersecurity experts to identify the root cause and implement necessary remedial measures, company says
BUSINESS
No compensation under Motor Vehicles Act for deaths caused by rash driving, says Supreme Court: Report
Investigation must prove the deceased was not at fault, through police chargesheet, eyewitness accounts, expert reports, and absence of negligence, to claim compensation, say legal experts
BUSINESS
General Insurance Council, IRDAI in talks with govt to set up independent healthcare regulator
According to the CMD of GIC Re, two major issues have prompted this move: fraudulent practices and discriminatory pricing by hospitals based on a patient’s insurance status
BUSINESS
Bandhan Life targets 100% annual growth in premiums for next 2 years, eyes composite licensing: MD & CEO Satishwar B
Composite licensing could help attract greater foreign direct investments, as it would encourage global health insurance experts to enter the Indian market, Satishwar says
BUSINESS
Amid global data breach of 16 billion passwords, Indian insurers reel from record cyber incidents in FY25
BUSINESS
NRI deposits rise 0.46% in April 2025, driven by surge in FCNR(B) deposits, RBI bulletin says
Inflows for NRO accounts in April 2025 were at $31 million, as against a higher $103 million provisionally recorded for April 2024-26, bulletin says
BUSINESS
Global supply-side risks, external demand weakness could pose headwinds for India: RBI bulletin
The Iran-Israel conflict, which intensified in mid-June, has reversed the short-lived optimism spurred by temporary tariff freezes and trade deals earlier this year, bulletin said
BUSINESS
Rural demand picks up as consumer optimism holds steady, RBI’s bulletin says
High-frequency indicators of aggregate demand for May suggested a pick-up in rural demand, especially given the strong performance of the agricultural sector, RBI bulletin says
BUSINESS
FinMin likely to allow Value-Added Services in insurance via legislative amendment end of July
The services offered would include wellness programs, preventive health check-ups, and teleconsultation, alongside core insurance products, sources say
