LIC Signals Resilience Amid IRDAI Proposed Commission Caps
LIC expects limited impact from proposed IRDAI commission caps due to existing cost controls, setting a benchmark for private insurers managing distribution expenses.
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NBFC Credit Growth Trends: Gold Loans Surge 66% as Industry Lags
NBFC credit grew 15.4% YoY in September, fueled by a 66% rise in gold loans, while industrial lending remains sluggish, shifting focus to retail assets.
Read articleIndusInd Bank Integrates JP Morgan Xpedite for Global Remittances
IndusInd Bank partners with JP Morgan Payments to automate cross-border transfers across 123 currencies using the Xpedite solution for streamlined treasury workflows.
Read articleIndian Financial Services Lead 41% Surge in Overseas Investment
RBI data shows Indian overseas direct investment rose 40.8% to Rs 16.71 lakh crore, with financial services accounting for a significant 16.2% share of the total stock.
Read articleRBI and Banks Address ECL Implementation Gaps
Lenders seek clarity on excess provisions, agricultural loan cycles, and investment valuations ahead of the November 12 RBI consultation on Expected Credit Loss framework.
Read articleKotak Mahindra Bank Secures CCI Approval for Deutsche Bank Portfolio
The Competition Commission of India has approved Kotak Mahindra Bank's acquisition of Deutsche Bank India's retail and private banking businesses via a slump sale.
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