Sector Category: BFSI

13Articles

As more categories of the Indian Insurtech segment—the business of providing technology for the insurance industry— are starting to attract funding and leverage technology the segment is maturing in the country

As more categories of the Indian Insurtech segment—the business of providing technology for the insurance industry— are starting to attract funding and leverage technology the segment is maturing in the country. The funding to Indian insurtechs has grown at a CAGR of 34 per cent during the period, with 2021 witnessing strong momentum. The insurtech…

As per the Reserve Bank of India (RBI) data, the rate of growth in bank credit to retail and wholesale trade – brought under the MSME definition last year – more than doubled to 16.9 per cent in August this year from 7 per cent during the year-ago period

As per the Reserve Bank of India (RBI) data, the rate of growth in bank credit to retail and wholesale trade – brought under the MSME definition last year – more than doubled to 16.9 per cent in August this year from 7 per cent during the year-ago period. Aggregate credit deployed to retail and…

Net inflows in equity schemes in, September, according to AMFI data, went up 130 percent month on month (m-o-m) to Rs 14,100 crore

Net inflows in equity schemes in, September, according to AMFI data, went up 130 percent month on month (m-o-m) to Rs 14,100 crore. Experts have opined that buoyant equity inflows displayed investor confidence in the Indian market. The trend augurs well for the markets. Despite market volatility and negative trends globally, Indian investors have reposed…

Banks are offering special schemes on loan products to tap into the festive demand with the majority of sops offered in the home, vehicle, gold and personal segments

Banks are offering special schemes on loan products to tap into the festive demand with the majority of sops offered in the home, vehicle, gold and personal segments. Banks have partnered with several e-commerce and offline brands and are relying heavily on digital lending to drive festive season loan demand which is typically the strongest…

The Insurance Regulatory and Development Authority of India (Irdai) has proposed to mandate the dematerialization of new insurance policies by the end of this calendar year

The Insurance Regulatory and Development Authority of India (Irdai) has proposed to mandate the dematerialization of new insurance policies by the end of this calendar year. Insurance repository (IR) was set up under the insurance repository regulations. Over the last few years, insurance repositories have helped in electronic issuance, storage and services for over 10…

An expert panel has been constituted by the Government to suggest ways for scaling up of Venture Capital (VC) and Private Equity (PE) Investment

An expert panel has been constituted by the Government to suggest ways for scaling up of Venture Capital (VC) and Private Equity (PE) Investment. The expert committee will examine and suggest appropriate measures to address regulatory and other issues to enable scaling up investments by VC and PE investment. In 2021, private equity and venture capital…

Non-food credit by bank has continued to grow above 15% for three consecutive fortnights, on a lower base, according to data released by RBI

Non-food credit by bank has continued to grow above 15% for three consecutive fortnights, on a lower base, according to data released by the Reserve Bank of India (RBI). The outstanding non-food credit inched higher by 15.96% year-on-year (y-o-y) during the fortnight ended August 26. The non-food credit outstanding stood at Rs 124.3 trillion during…

According to the data put out by the National Payments Corporation of India (NPCI), the Unified Payments Interface (UPI) reported 6.57 billion transactions

According to the data put out by the National Payments Corporation of India (NPCI), the Unified Payments Interface (UPI) reported 6.57 billion transactions, amounting to Rs 10.72 trillion, up 4.62 per cent and 0.95 per cent on a month-on-month (MoM) basis, in terms of volume and value of transactions, respectively. The latest transaction numbers are…

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