IRDA
Bandhan Bank to face a Rs 200 crore hit from insurance norm change
Facing an anticipated Rs 200 crore dip in income from proposed cuts to insurance commissions, Bandhan Bank's managing director, Partha Pratim Sengupta, warns of potential ripple effects across the banking industry. To counter these challenges, the bank is set to reshape its business model and focus on enhancing mutual fund distribution. Moreover, its limited exposure to drought-impacted regions in Karnataka and Maharashtra helps mitigate overall financial risks.
Nomura becomes latest brokerage to cut PB Fintech share price target by 31%, lists 2 scenarios for fair price
Nomura has cut PB Fintech’s target price by 31% to Rs 1,100 after proposed IRDAI curbs on insurance website practices and commissions. The brokerage lowered earnings estimates, while alternative scenarios suggest fair values of Rs 1,335-1,366.
IRDAI and the avoidable art of regulatory jaywalking
The recent policy adjustments by IRDAI have led to a marked decline in investor confidence and value within the insurance industry. The transition from a lenient regulatory approach to a more rigorous one has sharply impacted stock values. Concerns over commission payments prompted this swift regulatory action, which may have been excessive.
Stock Radar: Engineers India stock hits fresh record high in September after decisive breakout; time to buy?
Engineers India Ltd broke out from two years of consolidation to reach a record high in September 2026. The company's stock has risen more than 11% in a month and over 30% in the last three months. Analysts suggest that short-term traders can consider buying the stock for potential targets above 330 levels. The technical setup indicates strong bullish momentum and potential upside towards 335 to 345 levels.
Macquarie sees strong earnings recovery for banks, picks 5 stocks to outperform
Macquarie expects Indian banks to deliver 18% EPS growth in FY28, supported by higher margins, stronger loan demand, easing liquidity pressures and stable asset quality. The brokerage upgraded Bank of Baroda, Kotak Mahindra Bank and select financial stocks.
PB Fintech shares suffer Rs 37,000 crore shock in 4 days but Jefferies, Bernstein see up to 100% upside
PB Fintech shares have plunged 42% in four sessions, wiping out Rs 37,000 crore in market value after IRDAI proposed reforms targeting insurance distribution and dark patterns. While Jefferies cut its target to Rs 1,540, Bernstein retained an Outperform rating with a Rs 2,310 target, implying 100% upside.
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Jefferies names Max Financial as its top insurance pick, sees 41% upside despite target cut
Jefferies has moved Max Financial Services to the top of its life insurance picks, retaining a Buy rating despite cutting its target price. The brokerage expects regulatory changes to have a manageable impact on growth and sees further opportunities through Axis Bank.
After GST exemption, retail policy base rises 11% for Star Health
Exempting individual health insurance premiums from GST has led to increased policy adoption across various demographics. Star Health reported an 11% rise in retail policy adoption following this tax reform. There has been a substantial increase in the average sum insured on new policies during this period. Consumers aged 26 to 50 made up a significant portion of new policy additions, accounting for over 80 percent.
You may soon buy motor insurance via Bima Sugam when buying a new car; dealers can't deny cashless repairs if IRDA proposals are implemented
IRDAI's proposed reforms could revolutionize motor insurance purchases, making them more transparent and customer-friendly. With direct digital buying options, increased awareness of alternatives, and safeguards against dealer biases, these changes aim to empower policyholders and enhance competition. Discover how these adjustments could impact your next car or two-wheeler insurance policy.
PB Fintech: A record debut in 2021, a record ₹31,400 crore wipeout & now the biggest storm the Gurugram co can face
PB Fintech came under heavy selling pressure after IRDAI proposed changes to insurance commissions and distribution economics. PB Fintech shares plunged 36% on Thursday, wiping out more than ₹31,400 crore in market value, and remained volatile on Friday.
How to trade PB Fintech shares after falling 12% from day’s high? This technical analyst explains
PB Fintech shares extended their sharp selloff on Friday, falling 5% after plunging 36% in the previous session. Technical analysts flagged weak momentum, broken support levels and bearish indicators, while brokerages lowered targets or retained cautious views amid concerns over proposed IRDAI changes and their potential impact on Policybazaar’s earnings.
PB Fintech shares slip another 5% after massive 36% crash on Thursday. What are Jefferies, others saying?
PB Fintech share price: PB Fintech shares plunged 36% in the previous session following IRDAI’s proposal to curb ‘dark patterns’ on insurance websites. The proposed rules could also pressure insurance stocks by limiting insurers’ Expense of Management (EoM), potentially reducing spending on commissions and distribution while raising customer acquisition costs.
Dalal Street slumps on oil spike, bond rout & Irda jolt
The US 10-year Treasury yield moved above 5.10%, while Brent crude remained above $102 a barrel, raising concerns over global liquidity, inflation and India's import bill.
PB Fintech shares crash 36%, bloodbath wipes off Rs 31,426 cr from m-cap after IRDAI’s reform plans. What Citi and Jefferies are warning
PB Fintech shares crashed 36% to a 52-week low after IRDAI proposed an overhaul of insurance distributor commissions. The proposed norms could tighten distribution economics, with brokerages warning of lower commission income across key insurance segments.
Sulphur prices surge: Govt plans differential subsidies for DAP production
The government plans to introduce differential subsidies for DAP under the Nutrient Based Subsidy scheme, with rates potentially varying based on production routes and imported inputs. The move, likely from the upcoming rabi season, aims to encourage domestic DAP production as surging sulphur prices raise costs and make finished fertiliser imports increasingly expensive.
Razorpay-backed POP bets on credit to monetise UPI users
Razorpay-backed POP has launched POPchop, a BNPL product allowing eligible shoppers to split purchases into three interest-free payments over three months. The move marks POP’s expansion from UPI, rewards and commerce into consumer credit as fintechs seek new ways to monetise their user bases.
HDFC Bank shares hit 7-week high as RBI weighs Anup Bagchi for CEO post. What lies ahead?
HDFC Bank shares rose to a nearly seven-week high of Rs 749.30, extending gains to 5% over three sessions, after ET reported that the RBI is weighing Anup Bagchi’s candidature for the bank’s CEO and MD post and has sought feedback from IRDAI and ICICI Bank CEO Sandeep Bakhshi.
RBI weighs Anup Bagchi for HDFC top job; seeks feedback from Irda, ICICI Bank on his candidature due to 3-year gap from mainstream banking
The Reserve Bank of India is actively seeking opinions on the possible appointment of Anup Bagchi as CEO of HDFC Bank. Currently with ICICI Prudential Life, Bagchi is seen as the leading contender for this key position. The RBI is weighing his move back into traditional banking following a break. Furthermore, HDFC Bank has suggested Kaizad Bharucha, which requires adjustments to existing tenure regulations.
Special swaps rake in $143.5 billion in forex inflows: FCNR(B) scheme leads with $133 billion
Banks mobilised $132.9 billion through FCNR(B) deposits under the RBI’s special forex swap window, taking total inflows, including ECBs and OFCBs, to $143.5 billion by September 18. The inflows are more than five times those raised under a similar 2013 scheme, with banks raising a significant portion in the final 10 days. While the FCNR(B) facility continues to support dollar inflows, rising global bond yields may weigh on further overseas borrowing through ECBs and OFCBs, which remains available until December 31.
IRDA directive to shun brokers for gilt trades baffles insurers
According to a new directive by IRDA that has sent all insurers into a tizzy, buying and selling of sovereign securities can only happen on the anonymous trading screen. IRDA has also laid down that while using intermediaries for trades in equities and corporate bonds, no broker should handle more than 5% of the total volume in secondary market transactions.
IRDA releases draft guidelines on e-settlement system
"The authority intends to provide the regulatory framework governing various aspects of conduct of the ETASS system," the IRDA website said.
Irda slaps Rs 31 lakh fine on Canara HSBC OBC Life Insurance
The insurer has accepted the delay in dispatch of policy documents arising out of internal processing/system related issues, Irda said.
Irda cautions public not to fall prey to fictitious calls
Irda has asked the public to remain alert and not to fall prey to frauds and scams perpetrated by miscreants using the name of the authority.
Irda warns SBI Life Insurance for violating advertisement norm
Insurance sector regulator Irda today issued warning to SBI Life Insurance Co Limited for violating advertisement norms.
Irda forms committee to review insurance broker regulations
Irda has formed a committee to review insurance broker regulations, existing practice and other matters related to insurance broking.
IRDA enjoys complete freedom, differences are good: Chairman
IRDA's stance had been that LIC should be kept at par with private insurers regarding investment cap while the Ministry had favoured higher limits for LIC.
IRDA issues draft IPO norms for general insurance companies
General insurance cos planning to tap capital market for funds should have 10 year experience from the sector regulator, IRDA said.
IRDA sets up forum to promote health insurance
The health insurance forum, IRDA said, would help in evolving policies and processes for the health insurance sector.
IRDA asks insurers not to sell policies through misleading ads
Issuing guidelines for advertising insurance products, the IRDA also asked insurers to clearly state the underlying conditions for a guaranteed benefit from insurance cover.
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