Axis Trustee gives Yes Bank three working days to restore Rs.8,415 crore AT1 bonds

Mumbai, Oct. 30 -- Axis Trustee Services Ltd has given Yes Bank Ltd three working days to reinstate Rs.8,415 crore of additional tier-1 (AT1) bonds written off in 2020, following a Supreme Court rulin... Read More

Bandhan Bank sees Rs.200 crore hit to third-party income from Irdai's proposed distribution overhaul

MUMBAI, Oct. 28 -- Bandhan Bank expects a hit of about Rs.200 crore a year to income from selling insurance and other third-party products if the insurance regulator's proposed changes to distribution... Read More

Star Health wants mandated products kept out of Irdai's expense cap

New Delhi, Oct. 28 -- Star Health and Allied Insurance Co. Ltd wants the insurance regulator to exclude regulation-driven covers from the numbers it will use to cap insurers' business-running expenses... Read More

Bank of India expects NIM to rise to 2.55% in H2 FY27 after RBI rate hike

New Delhi, Oct. 23 -- Bank of India expects its global net interest margin (NIM) to rise to around 2.55% in the second half of fiscal year 2027 (FY27) from 2.47% in the September quarter, as lending r... Read More

SBI data leak raises fraud risks as bank probes exposure of customer records

Mumbai, Oct. 21 -- The State Bank of India (SBI) is investigating the exposure of thousands of customer records on the dark web, with cybersecurity experts warning that the leak could leave affected c... Read More

Insurers make case for credit life policies as Irdai weighs commission cuts

New Delhi, Oct. 21 -- Insurance companies have defended the need for credit life policies even as the regulator plans to sharply cut commissions on the product that pays off loans when borrowers die. ... Read More

ICICI Bank sees another margin squeeze in Q3 as FCNR-B costs kick in

Mumbai, Oct. 17 -- ICICI Bank Ltd, India's second largest private-sector bank, expects its net interest margin (NIM) to dip marginally in the December quarter as the full cost of foreign currency non-... Read More

Facing steep expense cuts under proposed Irdai caps, insurers seek gentler glide path

Mumbai, Oct. 15 -- Some of India's largest insurers will need deep expense cuts to meet limits proposed by the insurance regulator, according to Mint's calculations based on FY26 financial disclosures... Read More

ICICI Life defends credit cover as Irdai weighs steep commission cut

New Delhi, Oct. 13 -- ICICI Life Insurance Co. Ltd, formerly ICICI Prudential Life Insurance, has put forward credit life insurance as an important protection product for Indian borrowers, even as the... Read More

RBL Bank expects to put most FCNR(B) funds to profitable use in 2-3 years

Mumbai, Oct. 12 -- RBL Bank Ltd's net interest margin (NIM) is likely to come under pressure in the December quarter, after the lender raised about Rs.34,000 crore in foreign currency deposits from no... Read More

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