BUSINESS
Why IRDAI wants insurers to appoint an in-house ombudsman and what it means for policyholders
The insurance regulator has released a draft framework to mandate internal ombudsmen within insurance companies, and is expected to finalise the regulations by Q3FY26. Moneycontrol explains everything you need to know.
BANKING
Kotak Mahindra Bank flags stress in vehicle loans, resumes microlending cautiously
Bank sees MFI stress peaking, cautiously restarts disbursements across key States
BUSINESS
Bajaj Finance curtails Karnataka exposure by up to 50%, amid political, regulatory risk: MD Rajeev Jain
Karnataka accounted for 11 percent of the company’s balance sheet, making this a significant recalibration
BUSINESS
Ajay Seth named IRDAI chairman for three-year term
His appointment was confirmed through an official government notification, and he will hold the position for a tenure of three years.
BUSINESS
MC Explainer | Tesla’s India entry puts spotlight on EV battery insurance: What it is and why it matters
As Tesla drives into India, Moneycontrol unpacks the evolving landscape of EV battery insurance and what it means for insurers, automakers, and consumers alike
BANKING
SBI eyes spot among top 10 global banks by market cap in 5 years: Chairman CS Setty
Setty says investor response to SBI’s QIP was beyond expectations
TECHNOLOGY
India's data rules may force Tesla to take China route for car insurance plan
While Tesla is globally known for its real-time, telematics-powered insurance model, regulatory and data privacy constraints in India may force it to follow a more conservative model
BUSINESS
M&M Financial Services' Q1 net profit rises 6% to Rs 529 crore
The company’s total consolidated income rose sharply to Rs 5,013 crore in Q1 FY26, marking a 15 percent year-on-year increase from Rs 4,355 crore in Q1 FY25
BUSINESS
Axis and Kotak Mahindra Bank report easing employee churn in FY25 even as absolute attrition stays high
Junior-level churn falls across lenders and private banks saw some breather in pace of attrition in FY25, lowest since FY22
BUSINESS
IRDAI Chairperson search hits roadblock as top candidates refuse to move to Hyderabad
Despite the ongoing process, top candidates are reportedly declining the offer due to unwillingness to relocate to Hyderabad, where the IRDAI is headquartered in the Financial District of Nanakramguda, Gachibowli.
BUSINESS
HDFC Bank expects branch expansion to normalise in FY26, sees margin revival by FY27
The bulk of the groundwork to expand reach through branch expansion is now largely complete, bank's CFO said
BUSINESS
SMBC stake deal likely to conclude by September, says Yes Bank CEO Prashant Kumar
SMBC has filed with both the Reserve Bank and the Competition Commission for regulatory approvals
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.
