ICICI Prudential Life Records 99.31% Claim Settlement Ratio in Q1FY27
ICICI Prudential Life achieves a 99.31% claim settlement ratio in Q1FY27, leveraging digital processes to reduce non-investigated claim turnarounds to one day.
Read articleToolyt Pulse
bfsi india
AU Small Finance Bank Strengthens Leadership for Universal Banking
AU Small Finance Bank hires Anil Agarwal and Amol Padhye to lead operations and risk management ahead of its transition to a Universal Bank following regulatory approval.
Read articleGovernment Mandates Zero MDR for UPI Transactions Under ₹2,000
The Indian government has notified a zero-charge mandate for UPI transactions up to ₹2,000, ending speculation on MDR while shifting focus to high-value payment monetization.
Read articleOriental Insurance Targets FY27 Turnaround via NSE Stake Sale
Oriental Insurance plans to leverage the NSE IPO to liquidate non-core assets, shore up solvency ratios, and achieve a financial turnaround by FY27.
Read articleInsurance Gift Cards: A New Digital Acquisition Layer for Gen Z
CoverSure launches insurance gift cards (₹100–₹10,000) to lower acquisition costs and onboard first-time buyers via micro-ticket digital gifting.
Read articleBancassurance Growth Slows for Bank-Promoted Life Insurers
Growth in promoter-led bancassurance channels is decelerating, forcing Indian life insurers to pivot toward open architecture and diversified distribution strategies.
Read articleAxis Bank AI Strategy: Decelerating Headcount Growth via Automation
Axis Bank signals a shift toward AI-driven productivity to slow back-office hiring, marking a transition from AI experimentation to core workforce strategy for Indian lenders.
Read articlePNB MetLife Declares ₹1,210 Crore Bonus for Participating Policies
PNB MetLife announces a ₹1,210 crore annual bonus for eligible participating policyholders, signaling fund strength and providing a strategic lever for field force retention.
Read articleNPCI Unveils Branchless Deposits and Instant Credit Protocols
NPCI's latest UPI innovations for credit access and cash services signal a shift toward fully decentralized banking operations for Indian lenders.
Read articleNBFC Credit Growth Reaches 14.9% in July 2026
NBFCs outpaced the broader banking sector with 14.9% growth in July 2026, driven by high demand in gold jewellery and consumer durable loan portfolios.
Read articleRBI Approves LIC Stake Increase in ICICI Bank to 9.99%
The RBI has granted LIC approval to acquire up to a 9.99% stake in ICICI Bank, signaling deeper institutional capital concentration in India's BFSI sector.
Read articlePublic Insurance Registry: Shifting the Data Advantage in BFSI
The Public Insurance Registry (PIR) marks a shift from proprietary data silos to interoperable infrastructure, impacting persistency management and fraud detection for Indian insurers.
Read articleRBI Urges NBFCs to Shift Securitisation Towards Risk Transfer
RBI Deputy Governor S C Murmu calls for NBFCs and HFCs to move beyond liquidity management toward genuine risk transfer and capital optimization through securitisation.
Read articleInsuranceDekho and RenewBuy Merger: A New Distribution Powerhouse
The merger of InsuranceDekho and RenewBuy creates a massive consolidated entity, reshaping the PoSP landscape and third-party sourcing dynamics for Indian insurers.
Read articleGold Loan Growth: Analyzing the Shift to Repeat Borrowing
Growth in the gold loan sector is currently driven by rising gold prices and repeat customers, signaling potential market saturation and increased risk for NBFCs.
Read articleIRDAI Proposes Public Insurance Registry for Ecosystem Interoperability
IRDAI's proposed Public Insurance Registry aims to bridge data gaps through a unified digital infrastructure, signaling an 'India Stack' approach for the insurance sector.
Read articleLIC Rural Strategy: Panchayat Expansion and Digital Transformation
LIC is transitioning toward a hyper-local distribution model and digital-first operations to deepen rural insurance penetration and defend its market leadership.
Read articleNiva Bupa Adopts Annual 8-9% Premium Hikes to Counter Inflation
Niva Bupa shifts to a predictable 8-9% annual premium increase model to manage medical inflation and target a 98-99% combined ratio by FY29.
Read articleHDFC Bank Leadership Transition: CEO Sashidhar Jagdishan to Retire
HDFC Bank MD & CEO Sashidhar Jagdishan declines reappointment, setting the stage for a major leadership transition at India's largest private lender by October 2026.
Read articleGenerali Evaluates Location-Based Premiums and Cyber Risk Covers
Generali Central Insurance is exploring hyper-localized health premiums and niche cyber-risk covers for bank depositors, signaling a shift toward granular underwriting.
Read articleStart offering your field sales team a better selling experience
Sales professionals from startups to Fortune 500 companies in over 20 countries improve their productivity with Toolyt every day.