Exclusive

Publication

Byline

LIC sees West Asia war hitting insurance growth amid lower savings

Mumbai, May 21 -- India's largest insurer, Life Insurance Corporation of India (LIC), expects growth to slow due to the West Asia war, but hopes to maintain its "double-digit growth" target for new bu... Read More


Banks dip into surplus funds, short-term borrowings to support credit growth

New Delhi, May 18 -- Mumbai - Public sector banks (PSBs) are increasingly using surplus liquidity already available with them and also borrowing short-term funds from the Reserve Bank of India (RBI) t... Read More


Prudential Plc to buy 75% Bharti Life stake for Rs.3,500 crore, cut ICICI Pru Life holding to 10%

MUMBAI, May 17 -- UK-based Prudential plc on Sunday said it plans to acquire a 75% stake in Bharti Life Insurance and subsequently cut its holding in ICICI Prudential Life Insurance to 10%, marking a ... Read More


RBI streamlines overseas remittance tie-ups for banks, fintechs

Mumbai, May 14 -- The Reserve Bank of India on Thursday relaxed rules governing tie-ups between banks and non-bank entities for outward remittances used largely by individuals, shifting responsibility... Read More


Aditya Birla Health bets on wellness incentives to improve claims ratios

Mumbai, May 13 -- Aditya Birla Health Insurance Co. Ltd wants to position itself as an influencer, using wellness incentives to boost customer engagement, cost efficiencies and claims ratios. "Our th... Read More