India Commercial Insurance Rates Correct by 45% Amid High Capacity
Increased insurer capacity and aggressive competition have triggered a 45% correction in property and cyber insurance rates, shifting the leverage to commercial buyers.
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Mahindra Finance AI Channels Reach 10% Disbursement Milestone
Mahindra Finance reports that AI-driven channels now contribute 10% of disbursements, with 75% of back-office operations automated through AI-enabled workflows.
Read articleHDFC Bank Governance Probe: Managing Data Risks During Transitions
An internal investigation at HDFC Bank reveals data leaks by senior executives, highlighting critical governance risks during periods of leadership change.
Read articleFIDC to Seek Phased Insurance Commission Reset from IRDAI
NBFCs via FIDC are requesting a gradual implementation of IRDAI's proposed insurance commission caps to protect credit-linked distribution viability.
Read articleMahindra Finance Tightens Collections in 282 Drought-Prone Districts
Mahindra Finance initiates targeted collection intensives and credit tightening across 282 districts to mitigate climate-linked asset quality risks in tractor portfolios.
Read articleUnion Bank Estimates ₹5,500 Crore Impact from ECL Transition
Union Bank of India projects a ₹5,500 crore impact from the shift to Expected Credit Loss (ECL) provisioning, setting a benchmark for PSU bank capital requirements.
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