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Non-banks drive asset reconstruction purchases amid retail loan stress

New Delhi, Aug. 28 -- Asset reconstruction companies (ARCs) are seeing greater interest from non-bank lenders as they push clean up of their balance sheets and free up capital for fresh lending, indus... Read More


Prudential to sell up to 2% in ICICI Pru AMC

Mumbai, Aug. 27 -- London-based Prudential Plc plans to sell up to 2% stake in ICICI Prudential Asset Management Co. through an open-market sale on August 27, helping the Indian fund manager meet mini... Read More


Prudential to sell up to 2% in ICICI Pru AMC

Mumbai, Aug. 27 -- London-based Prudential Plc plans to sell up to 2% stake in ICICI Prudential Asset Management Co. through an open-market sale on August 27, helping the Indian fund manager meet mini... Read More


Prudential to sell up to 2% stake in ICICI Prudential AMC worth around Rs.3,190 crore

Mumbai, Aug. 26 -- London-based Prudential Plc plans to sell up to 2% stake in ICICI Prudential Asset Management Co. through an open-market sale on 27 August, helping the Indian fund manager meet mini... Read More


Mint Explainer | Why Irdai barred four insurers from opening new branches

New Delhi, Aug. 25 -- The Insurance Regulatory and Development Authority of India (Irdai) has barred four insurers-Acko General Insurance, Niva Bupa Health Insurance, Pramerica Life Insurance and Edel... Read More


Global Fintech Fest likely to draw 500 global investors this year

Mumbai, Aug. 20 -- Global Fintech Fest 2026 is expected to draw about 500 investors this year, compared with more than 350 who attended the last edition, organizers said on Thursday. "The expectation... Read More


Deputy governor Murmu asks banks to stress-test AI systems before deployment

Mumbai, Aug. 19 -- Banks must anticipate and contain cyber fraud and other emerging risks, while protecting consumers and preserving market integrity, Reserve Bank of India deputy governor Shirish Cha... Read More


Axis Max Life sees margin gains holding firm as product mix settles

New Delhi, Aug. 18 -- Axis Max Life Insurance expects the sharp improvement in its new business profitability to hold through the rest of the financial year, with managing director (MD) and chief exec... Read More


GIC Re pushes 50-50 international goal into long term as foreign book shrinks

New Delhi, Aug. 17 -- General Insurance Corporation of India's long-pursued 50-50 domestic-international split is now 'absolutely a long-term goal', chairman Hitesh Rameshchandra Joshi told analysts o... Read More


Non-life insurance premium growth masks sharp fall in crop, fire cover rates

New Delhi, Aug. 14 -- Non-life insurance premium, including health, fire and crop, rose 9.5% year-on-year to Rs.1.19 trillion in the first four months of the ongoing financial year (FY27), as intense ... Read More