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Articles for Banking & Finance

Shriram General Insurance's Q4 Results: GWP Up 30% To Rs 876 Cr

AUM stands at Rs 12,064 crore as on 31 March 2024, a 7.10 per cent growth from Rs 11,264 crore same period a year ago

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ICICI Lombard Faces Rs 288 Cr GST Show Cause Notice For FY20

ICICI Lombard is required to provide clarifications on two key points: the entitlement for Input Tax Credit availed by the company and the reconciliation of values reported in monthly returns with corresponding annual return figures

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Star Health Stake Sold By Apis Growth & Madison Capital In Block Deal

As of 31 March, Apis Growth held a 2.61 per cent stake, while entities associated with Madison Capital held stakes of 2.21 per cent and 2.39 per cent respectively

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Martello Re In Discussions To Secure $800m In New Equity Funding: Report

Although the deal has not been finalised yet, insiders suggest that there is potential for the capital raise to surpass the initial target. Martello Re was initially backed with USD 1.65 billion in equity during its launch in January 2022

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Mahindra Finance Secures IRDAI Corporate Agency License To Distribute Insurance Products

This move aims to fulfill customers' financial and insurance needs through a single entity, thereby enhancing convenience and efficiency

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SilverRock Secures Banking License As Challenger Bank

Alan Jarman, CEO of SilverRock, expressed enthusiasm about the bank's establishment, emphasising its focus on supporting non-bank and other lenders

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Government Poised To Launch Unified Insurance Claim Portal

This single portal aims to streamline the submission and processing of health insurance claims across hospitals nationwide

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Travel Insurance Expected To Cover Injuries From Singapore Airlines Incident: Insurers

ABI emphasised that travel insurance primarily covers emergency medical treatments or repatriation costs

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