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Navneet Singal Sep 24 ,2024
Published In : EvoBreyta
Edelweiss Life Insurance is set for strong growth. The company expects double-digit expansion over the next two to three years. Breakeven is targeted by FY27. This growth will be driven by a balanced approach across multiple distribution channels and diverse products. Significant capital support is also planned to fuel this scaling.
Published on: January 18, 2026
LIC's AUM stands at Rs 57.23 lakh crore. Financial Services Secretary M Nagaraju urged LIC to embrace digital marketing and a mobile-first strategy. This push aims to achieve the national goal of "insurance for all". Nagaraju highlighted LIC's role as a Domestic Systemically Important Insurer.
Published on: January 17, 2026
ICICI Bank's board has approved Sandeep Bakhshi's reappointment as Managing Director and Chief Executive Officer. His new term will begin on October 4, 2026, and conclude on October 3, 2028. This decision is subject to approvals from the RBI and shareholders. Bakhshi has led the bank since 2018, focusing on risk controls and asset quality.
Published on: January 17, 2026
Tiger Global's Supreme Court setback allows the income tax department to revive its 2018-19 assessment and a Rs 968 crore refund claim. The ruling, upholding the tax department's stance on a Flipkart stake sale, has unsettled foreign investors, raising concerns about ongoing and past transactions due to perceived reinterpretation of tax policies.
Published on: January 17, 2026
The National Company Law Tribunal has approved a major restructuring for Poonawalla Finance. This plan will split the company's lending and real estate businesses into separate entities. Poonawalla Finance will continue its lending operations. Its real estate assets will move to new companies, Rising Sun Holdings and Synergist Realtors. This move aims for sharper focus and better investor attraction.
Published on: January 16, 2026
Anuj Tyagi, CEO and MD of HDFC Ergo General Insurance, has resigned. He will depart in mid-April to pursue new ventures. Tyagi joined the company in 2008 and has been leading it since July 2024. The board is ensuring a smooth transition. Tyagi strengthened the company's foundation and expanded its reach. The board thanked him for his service.
Published on: January 16, 2026
Home loan demand is increasingly moving towards Tier-2 and Tier-3 cities. These emerging urban centers are now driving the majority of home loan volumes. Improved infrastructure and expanding job opportunities are fueling this growth. Affordability in larger metros is pushing aspirational buyers to smaller cities. This trend indicates a more balanced housing finance cycle across India.
Published on: January 16, 2026
EDME Insurance Brokers aims to double its business to Rs 16,000 crore within four years. The company recently acquired UIB Insurance Brokers, boosting its current business to Rs 8,500 crore. This makes EDME the second largest insurance broker in India. The company will focus on 14-18 key industries and leverage technology for growth.
Published on: January 16, 2026
The Central Information Commission (CIC) rejected the Central Registrar of Cooperative Societies' (CRCS) claim that letters from a Sahara depositor were untraceable due to office relocation. The CIC ordered the CRCS to submit a status report on actions taken regarding the depositor's letters and orders within four weeks, emphasizing the need to address the specific grievance.
Published on: January 16, 2026
Standard Chartered is reviewing its retail credit card business in India as part of a broader effort to reshape its operations in the country, people familiar with the matter said. The bank has held preliminary discussions with stakeholders and could take a decision as early as this year, though talks remain at an early stage and may change.
Published on: January 16, 2026
Government is pushing state-owned banks to use the JanSamarth portal for loans up to one crore rupees. This digital process aims to speed up credit for micro and small businesses. Banks can automatically access borrower data for faster loan approvals. This initiative is set to improve credit access for MSMEs.
Published on: January 16, 2026
Indian banks' credit-to-deposit ratio hit an all-time high of 81.75% as of December 31, signaling pressure to attract deposits amid robust loan demand. This elevated ratio reflects challenges in deposit mobilization, with investors seeking higher returns elsewhere, and a lag in deposit growth compared to credit expansion.
Published on: January 15, 2026
Investec India has partnered with veteran banker Ravi Kapoor's SACS Partners to jointly conduct investment banking business in the country. Kapoor will serve as Vice Chairman of Investment Banking at Investec India. This collaboration aims to offer clients a superior combination of high-quality advice and world-class execution in financial advisory, M&A, and capital raising.
Published on: January 15, 2026
Tiger Global’s Mauritius tax structure came under sharp judicial scrutiny as the Supreme Court set aside a Delhi High Court order granting capital gains tax relief on its Flipkart exit.
Published on: January 15, 2026
The pace of rise in bank profitability is likely to bottom out this fiscal year, and gradually improve in FY27 as funding pressures ease and net interest margins (NIMs) stabilise, the agency said in its outlook on the financial sector for FY27.
Published on: January 14, 2026
Central Government Health Scheme beneficiaries now have a new optional health insurance plan. The Paripoorna Mediclaim Ayush Bima offers in-patient hospitalisation coverage up to ₹20 lakh. This plan provides enhanced financial security and access to quality healthcare across India. Beneficiaries can choose co-payment options of 70:30 or 50:50. The policy is available at discounted premiums compared to regular plans.
Published on: January 14, 2026
The Reserve Bank of India has enhanced its review mechanism for customer complaints within regulated entities, mandating a senior-level review before rejection or partial resolution. This move aims to ensure speedy and meaningful grievance redressal, with internal ombudsmen playing a key role in oversight and reporting to the board's customer service committee.
Published on: January 14, 2026
Indian banks face a structural concern with low deposit growth. This is leading to high credit deposit ratios, which may limit loan growth to 13 percent in FY27. Despite this, the economy is showing signs of recovery. State-owned banks are improving their performance and asset quality. Non-bank finance companies will adopt a cautious approach. Microfinance institutions have overcome recent challenges.
Published on: January 14, 2026
Shriram Finance shareholders have voted in favour of key proposals related to its deal with MUFG. This paves the way for MUFG to acquire a 20% stake in Shriram Finance for $4.4 billion. The deal marks the largest cross-border investment in India's financial sector. Shareholders approved share issuance to MUFG, board nominations, and a payment to the ownership trust.
Published on: January 14, 2026
India's central bank has given Sumitomo Mitsui Banking Corp initial approval to establish a wholly-owned subsidiary. This move allows the Japanese bank greater operational freedom in India. Previously, Sumitomo Mitsui Banking Corp operated through a branch. The new subsidiary will be a separate legal entity, offering treatment similar to local banks.
Published on: January 14, 2026
Alliance Insurance Brokers Private Ltd has appointed Aatur Shashikant Thakkar as its new CEO. Thakkar aims to grow premiums under management to Rs 5,000 crore within three years. The company also plans to double its reinsurance business. This strategic move will strengthen Alliance's distribution channels and digital platforms. The firm closed FY25 with over Rs 1,500 crore in premiums.
Published on: January 14, 2026
India's central bank warns that rapid digitalization is shrinking the window for regulators to address financial risks. Deputy Governor Shirish Chandra Murmu emphasized the need for proactive detection and agile interventions to maintain stability. He highlighted challenges including the speed of technological change, fragmented oversight, calibrating regulation, systemic risks from innovations, and cybersecurity concerns.
Published on: January 13, 2026
Public Sector Insurance Companies are directed to enhance customer service and claims processing. Focus will be on profitable business growth and reducing loss ratios. New, innovative products will cater to younger generations and emerging risks. Digitalization is a key goal for retail product onboarding. Brand visibility will be boosted through increased communication and outreach.
Published on: January 13, 2026
Reserve Bank Deputy Governor T Rabi Sankar stated that UPI has the potential to reach 1 billion users, more than doubling its current 400 million base. Despite India processing 50% of global retail payment transactions, digital transaction per person lags behind advanced economies. Expansion of digital payments has significantly boosted financial inclusivity and economic growth.
Published on: January 13, 2026
PhonePe launched its co-branded credit card, the HDFC Ultimo, focusing on everyday spending rewards. Cardholders receive 10% cashback on essential PhonePe categories like recharges and utility bills, plus 1% on Scan n Pay transactions. The card also offers 5% cashback on select online shopping and airport lounge access, making it a practical choice for daily expenses.
Published on: January 13, 2026
Standard Chartered Bank has relaunched its priority banking services. This move aims to enhance wealth offerings for clients with assets between Rs 50 lakh and Rs 2.5 crore. The bank will provide curated travel and wellness privileges. An invite-only credit card will also be available. India remains a strategic growth market for StanC's wealth and retail banking business.
Published on: January 13, 2026
India is looking to expand the global footprint of its digital payments system UPI, with a particular focus on East Asia, Financial Services Secretary M Nagaraju said on Tuesday. UPI is currently accepted in eight countries, including Singapore, the UAE, France and Sri Lanka, enabling Indian travellers to make payments overseas.
Published on: January 13, 2026
India’s central bank has warned that rapid digitalisation is shrinking the time regulators have to spot and respond to financial risks, calling for more agile and proactive oversight to protect stability. Speaking at a global supervisors’ conference, RBI Deputy Governor Shirish Chandra Murmu said fast-evolving technologies are outpacing traditional regulatory processes, while digital platforms are blurring regulatory boundaries and fragmenting oversight.
Published on: January 13, 2026
Indian banks are set to deploy nearly 17,350 ATMs in the coming months. A significant majority of these will be advanced cash recyclers. This move signals a shift towards modern technology for better efficiency and lower costs. Banks are prioritizing smarter machines that reduce cash handling needs and improve service availability.
Published on: January 12, 2026
Japan's MUFG Bank's $4.4 billion investment in Shriram Finance includes an unusual $200 million non-compete fee to the promoter, Shriram Ownership Trust. This payment, potentially setting a precedent, has raised questions about equitable treatment for all shareholders as the promoter retains control.
Published on: January 12, 2026
Insurance product value is shrinking due to high commissions and operating expenses. Experts highlight concerns with credit-linked life, non-linked, motor third-party, and retail health policies. Despite tax reforms, these costs impact customer returns. Industry growth has stagnated while expenses climb. A committee is now examining distribution costs.
Published on: January 12, 2026
India's Credit-Deposit ratio has risen significantly, indicating robust financial development and economic growth. Banks have demonstrated a strong recovery post-pandemic, with asset growth rebounding sharply. Deposits and advances have expanded considerably over two decades. Public Sector Banks are regaining market share, reflecting renewed lending appetite. Banking employment has nearly doubled, with a shift towards higher-value roles.
Published on: January 12, 2026
A State Bank of India report reveals banking system risks. Unsecured loans have surged significantly. Deposits and credit remain concentrated in just ten districts. This imbalance poses potential challenges. Public sector banks are regaining market share. Regional disparities in banking activity persist across India. The report analyzes data from the last two decades.
Published on: January 12, 2026
Anup Kumar Saha, formerly of Bajaj Finance, joins Kotak Mahindra Bank as Whole-Time Director. He will lead the Consumer Banking division, managing a significant portfolio. This appointment follows several senior leadership changes at the bank. Saha's extensive experience in retail finance and digital innovation is expected to drive growth and customer value.
Published on: January 12, 2026
India's banking system has seen strong growth over two decades. Deposits and advances have risen sharply, showing deeper financial intermediation. Bank assets have also expanded significantly, reflecting renewed credit activity. Public Sector Banks are regaining market share.
Published on: January 12, 2026
Prudential Financial's investment arm, PGIM Inc., is reportedly considering selling its Indian asset management unit, PGIM India Asset Management Pvt Ltd. The business, acquired from Deutsche Bank a decade ago, has experienced limited growth and incurred after-tax losses. EY has been engaged to advise on the potential divestment.
Published on: January 12, 2026
Leading industrialists have announced significant investment commitments in Gujarat. Reliance Industries will invest Rs 7 lakh crore over five years, focusing on green energy and technology. Adani Group plans Rs 1.50 lakh crore in Mundra for energy projects. Other companies will also invest in manufacturing and skill development.
Published on: January 11, 2026
Major banks like Bank of Baroda, RBL Bank, Yes Bank, and State Bank of India are opposing the Reserve Bank of India's directive to reveal information on defaulters and inspection reports. These banks have appealed to the Central Information Commission. The outcome of this case will significantly impact banking transparency and depositor rights.
Published on: January 11, 2026
ICICI Lombard General Insurance reported an accidental WhatsApp post of draft financial results. A company official shared unaudited figures for the quarter and nine months ending December 2025. The post was made on January 9 and deleted within an hour. The company has informed stock exchanges. Investors are cautioned against relying on this information.
Published on: January 10, 2026
Indian exporters received a significant boost with Rs 3,361.83 crore sanctioned under the Credit Guarantee Scheme for Exporters. This initiative aims to support businesses facing global trade headwinds. The scheme, operational since December 1, 2025, provides 100 per cent credit guarantee coverage. Banks have also reported record profits, indicating a strong financial sector.
Published on: January 10, 2026
PhonePe Payment Gateway has introduced 'PhonePe PG Bolt' for Visa and Mastercard card transactions. This new feature uses device tokenization for secure and fast in-app checkouts. Users can save their cards once on the PhonePe app. This allows for one-click payments across integrated merchants. The system removes the need for CVV entry on subsequent transactions.
Published on: January 10, 2026
Saarathi Finance, a new NBFC for MSMEs, secured an 'A-' rating from ICRA, highlighting strong capital, investor backing, and management. Despite initial losses due to startup costs, the company has Rs280 crore in assets under management and plans branch expansion. ICRA noted its potential for profitable scaling and asset quality maintenance.
Published on: January 9, 2026
The Reserve Bank of India has raised objections to Bain Capital's plan to acquire a controlling stake in Manappuram Finance. This is because Bain Capital already has a controlling interest in another Indian lender, Tyger Capital. The RBI frowns on investors controlling multiple lenders. Bain Capital is exploring a phased divestment in Tyger Capital to address these concerns.
Published on: January 9, 2026
CVC has an exclusivity agreement with ValueLabs, founded in 1997 by Arjun Rao Donakanti (87% owner). Promoters may retain 15–20% and management will continue running the firm.
Published on: January 9, 2026
The step-up was triggered after Goswami Infratech, a borrower linked to the structure, did not complete a refinancing by December end, said the people cited above. Although not a covenant breach, the delay requires existing borrowings to be repriced if fresh debt was raised at a higher cost.
Published on: January 8, 2026
Most large life insurers, including LIC, HDFC Life, Axis Max and SBI Life, are set to post double-digit APE growth in Oct–Dec 2025, aided by GST tailwinds and a favourable base after new surrender value norms.
Published on: January 8, 2026
The bank is considering increasing its board strength to around a dozen members from the current nine with the aim of strengthening oversight and aligning with evolving regulatory expectations. Currently, managing director and CEO Rajiv Anand is the only executive on the board. Others are non-executive and independent directors.
Published on: January 8, 2026
NBFCs' share of aggregate gold loans fell by nearly 20 percentage points over the past five years to 50.3% as of March 2025, from 69.4% in 2020. During the same period, banks increased their share to 49.7% from 30.6%, data showed.
Published on: January 8, 2026
India Post Payments Bank is partnering with Choice Wealth to launch a digital investment platform, offering mutual funds and robo-advisory services. This collaboration aims to provide IPPB customers with seamless access to investments via mobile and web.
Published on: January 8, 2026
Indian banks experienced a market capitalization boost in the October-December quarter. Festive season demand and reduced GST rates fueled this growth. Smaller private banks led the gains, outperforming public sector lenders. The Nifty Bank index also saw a significant rise. Systemic credit growth is improving, with expectations of further acceleration in the next fiscal year.
Published on: January 8, 2026
