In response, HDFC Life has initiated an information security assessment and data log analysis as immediate measures.
The report notes that global funding for insurtech has been declining, dropping from a peak of $13.8 billion in 2021…
With industries like automotive and electronics becoming more deeply established in India, there’s a growing need for upstream vendor finance,…
Originally founded in 2015 as Rising Stars Mobile India at Sri City, Andhra Pradesh, Bharat FIH expanded its manufacturing footprint…
Local players confident they can do it on their own
Muthoot Fincorp currently operates over 3,700 branches, primarily in southern and central India. The company is looking to expand its…
According to McKinsey, despite a decline in claims ratios, a steady increase in expense ratios among traditional players (until 2023)…
The company became the second standalone health insurer to list, following Star Health & Allied Insurance Company’s debut in December…
The industry focuses on products that offer guaranteed returns to higher-income segments, which is a very competitive space.
“We are seeing some pressure in certain markets where quick commerce players have entered,” said Madhivanan B, CEO, Apollo Healthco,…
The slowdown in unsecured loans stems from banks’ cautious stance due to rising bad debts and an RBI directive to…
Total assets under management grew 17.4% to Rs 45,716 crore, with gold loans accounting for 53% of total assets, followed…
Vehicle sales across categories, including commercial, passenger and construction equipment, experienced a muted or negative growth in Q2FY25.
The increase in PSL can be attributed to Indian Bank’s ongoing emphasis on the retail, agriculture and MSME (RAM) segment…
Last week, the Irdai issued a show-cause notice to Go Digit after its expenses of management exceeded the prescribed limits…
PoSPs are usually small agents who are typically associated with only one insurance company. By aligning with PB Partners, we…
In January 2022, Unity Bank acquired assets, liabilities and the branch network of Punjab and Maharashtra Co-operative Bank (PMC Bank).
On Thursday, the RBI imposed business restrictions on four NBFCs — Asirvad Microfinance, Arohan Financial Services, DMI Finance and Navi…
