Health, fire drive growth for insurers in January even as motor, crop suffer

Non-life insurance premium reached Rs 18488.1 crore for the month against Rs 17333.7 crore January of 2020. At 2.8% the Gross Direct Premium (GDPI) growth has been much slower for the year-to-date (YTD) period for FY21, as per data released by the General Insurance Council.

from Banking/Finance-Industry-Economic Times https://ift.tt/3qGGPwm

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Manipal Technologies to help UP rural women to provide banking services

It inks pact with the UP Government to train 8,000 women from SHGs as banking correspondents.

from Business Line - Money & Banking https://ift.tt/3qEvY60

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Muthoot Homefin plans to disburse Rs 700 cr home loans in FY22

The company has transferred over Rs 300 crore of loan subsidy under Pradhan Mantri Awas Yojana's Credit Linked Subsidy Scheme from National Housing Bank (NHB), the release said.

from Banking/Finance-Industry-Economic Times https://ift.tt/37Bv6aR

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Union Bank of India, Syndicate Bank post highest UPI failure rates; Paytm sees lowest decline rate

SBI, HDFC Bank, Axis Bank, and ICICI Bank were among the top remitter banks witnessing the highest UPI transaction volume in January. Among beneficiary banks, CITI Bank saw zero transactions failing due to technical reasons.

from Banking & Finance – The Financial Express https://ift.tt/3sbi77G

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Max Life outpaces pvt life insurance industry in Apr-Dec, expects over 11 pc biz growth in FY21: CEO

Max Life, ranked No. 4 among private players, registered a 35 per cent rise in net profit to Rs 417 crore in the nine months of 2020-21. Gross written premium were up by 16 per cent at Rs 11,912 crore, assets under management (AUM) grew by 23 per cent to Rs 84,724 crore.

from Banking/Finance-Industry-Economic Times https://ift.tt/3pywlOg

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