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Banks have recognised DHFL and Cox & Kings as fraud and those that have an exposure to these accounts will have to provide 100 per cent upfront for the exposure.

PSB merger: Insurers told to service all policies

A bank can continue to buy group insurance covers with any number of insurance companies for the insurance needs of its...

29 Jan 2020 1:40 AM IST

The non-life insurance companies underwrote a gross premium of Rs 1.42 lakh crore during April to December 31, 2019 compared to Rs 1.23 lakh crore during the same period a year ago.

Crop cover premia near Rs 6,200 crore in April to December

The four PSU insurers New India Assurance, Oriental Insurance, National Insurance, United India clocked 74 per cent...

28 Jan 2020 1:37 AM IST

Future First Insurance Broking has teamed up with Arohan Financial Services, part of the Aavishkaar Group, eastern Indias largest NBFC MFI, to offer simple, customized and affordable insurance products in areas of major livelihood threats including health, accident, natural calamities, theft etc.

Slowdown to hurt insurance sector

By the Irdai's December 2019 data, the non-life insurance sector witnessed a significant slowdown.

22 Jan 2020 6:51 AM IST

Kotak Mahindra Bank on Tuesday said it will offer debit card at a special price of Rs 99 for the first year for customers who will open account under its zero balance account scheme till September 15.

Kotak's asset quality slides

BoM reports net profit of Rs 132 crore against loss of Rs 3,766 crore Federal Bank Q3 net rises per cent.

21 Jan 2020 1:09 AM IST

Banks have recognised DHFL and Cox & Kings as fraud and those that have an exposure to these accounts will have to provide 100 per cent upfront for the exposure.

Provisioning to stay high for banks in Q3

While DHFL's total debt is about Rs 80,000 crore, lenders exposure to the account is around Rs 40,000 crore.

20 Jan 2020 1:35 AM IST

Life Insurance companies are expected to report strong first quarter earnings, as the individual new business premium (NBP) growth for them has been over 30 per cent.

LIC's new biz rises 18 per cent

Private life insurers clock a growth of 16 per cent to Rs 24,631 crore during April-December.

15 Jan 2020 1:20 AM IST

Reserve Bank of India (RBI)

High inflation may force RBI to extend rate pause

Both Consumer Price Index (CPI) inflation and Wholesale Price Index (WPI) inflation rose on the back of higher food...

15 Jan 2020 1:13 AM IST

In order to enhance the scope of services offered under wellness and preventive features/benefits of health insurance products, the insurance regulator-The Insurance Regulatory and Development Authority of India (Irdai) on Thursday released an exposure draft on guidelines on wellness and preventive features.

Uniform health cover terms on the cards

All stakeholders have been asked to submit their comments/suggestions on the proposed guidelines by January 25.

13 Jan 2020 2:15 AM IST

Life Insurance companies are expected to report strong first quarter earnings, as the individual new business premium (NBP) growth for them has been over 30 per cent.

Life agents see mass culling

Private insurers appointed 3.82 lakh agents and terminated 3 lakh in FY19.

8 Jan 2020 1:28 AM IST

Reserve Bank of India (RBI)

Bad loans to rise in 2020, says RBI

The gross non-performing assets (GNPA) ratio may increase to 9.9 per cent by September 2020 from 9.3 per cent.

28 Dec 2019 2:29 AM IST

Reserve Bank of India

MPC minutes hint at rate cut in February

Green shoots seen, capex cycle may be turning up.

20 Dec 2019 1:31 AM IST

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

LIC tops claims settlement ratio

For LIC, the proportion of repudiations has come down to 0.43 per cent in 2018-19 compared to 0.67 per cent in the...

18 Dec 2019 2:35 AM IST