IRDAI Mandates Four-Layer Motor Insurance Structure by December 15
IRDAI introduces a mandated four-layer motor insurance structure effective December 15, requiring insurers to recalibrate digital onboarding and distribution workflows.
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Banks De-risk Microfinance Portfolios as NBFC-MFIs Gain Dominance
CRIF High Mark data reveals a significant shift in the microfinance landscape as banks reduce their market share to 21.8%, ceding ground to specialist NBFC-MFIs.
Read articleRBI Mandates Six-Hour Cyber Incident Reporting for Payment Operators
The RBI has tightened cybersecurity norms for non-bank payment system operators, mandating board-level oversight and a strict six-hour window for reporting security incidents.
Read articleHDFC Life Signals Distribution Shift Amid Insurance Broking Reforms
HDFC Life anticipates a shift in distribution mix as regulatory reforms impact the insurance broking channel, prompting a strategic pivot toward agency-led models.
Read articleSBI Identifies ₹10,000 Crore Agri Pool for Restructuring
SBI identifies a ₹10,000 crore agri-loan pool for restructuring across three drought-hit states, though historical trends suggest limited borrower uptake for such facilities.
Read articleSBI Projects ₹19,500 Crore Impact from ECL Provisioning Shift
SBI estimates a ₹19,500 crore impact from the transition to Expected Credit Loss (ECL) provisioning, providing a capital benchmark for Indian lenders.
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