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Monday, January 13, 2020

Life insurers may log strong new business

Life insurers such as ICICI Prudential, HDFC Life and SBI Life are set for a quarter of strong new business growth driven by increasing margin gains in protection business, expanding distribution network and robust premium even as some insurers may see increased stress in certain portfolios due to a slowing economy.

from Banking/Finance-Industry-Economic Times https://ift.tt/36Ovh08
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Sunday, January 12, 2020

Forensic audit shows no fraud: Reliance Home Finance

Asks banks to fast-track debt resolution

from Business Line - Money & Banking https://ift.tt/30dBvnG
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IBBI suspends registered valuer

Use of ‘ibbi’ in domain name misleading

from Business Line - Money & Banking https://ift.tt/2R9x8Gb
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Forensic audit finds no fraud, fund diversion at Reliance Home Finance

As part of the debt resolution process, lenders of the company, which had defaulted on some repayment obligation following the shadow banking crisis, appointed Grant Thornton in August 2019 for forensic audit, as required under the RBI guidelines on Prudential Framework for Resolution of Stressed Assets under change of control and management.

from Banking/Finance-Industry-Economic Times https://ift.tt/2NiPjbk
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Non-life insurers log 12% rise in premium at Rs 15,981 cr in Dec 2019

Of all the insurers, 25 general insurance firms reported a rise of 4 per cent in their combined premium during December at Rs 14,037.51 crore, as against Rs 13,502.48 crore in the year ago period.

from Banking/Finance-Industry-Economic Times https://ift.tt/2uJ7elf
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