Aathira Varier

Featured in: Favicon

flipboard.com Favicon

rediff.com Favicon

business-standard.com Favicon

thenorthlines.com

Articles

MD & CEO Vibha Padalkar

3 weeks ago | business-standard.com | Aathira Varier |Subrata Panda

Vibha Padalkar, managing director (MD) and chief executive officer (CEO) of HDFC Life Insurance, in an interview with Aathira Varier and Subrata Panda, spoke about how the company bucked the industry trend in terms of growth during Q4 of FY25 while outlining the strategy for FY26. Edited excerpts:Given the industry's underwhelming show, how would you evaluate the company's performance in FY25? We have grown faster than the sector and this has resulted in expansion of our market share.
'How Will I Survive Without My Monthly Withdrawals?'

2 months ago | rediff.com | Abhijit Lele |Aathira Varier |Anjali Kumari

'I don't know when I will be able to access those funds.'IMAGE: Account holders at the New India Co-operative Bank's Versova branch, north west Mumbai. The Reserve Bank of India's decision to impose restrictions on the Mumbai-based New India Co-operative Bank following an alleged Rs 122 crore fraud came as a rude shock to thousands of depositors, many of whom had deposited large sums just days ago.
'Goal for Axis Max Life Insurance is to become listed entity'

2 months ago | rediff.com | Subrata Panda |Aathira Varier

'Ideally, what we target is 35-40 per cent ULIP; 30-35 per cent non-par; 15-20 per cent from par; and the balance we try to do from annuities and others.'Kindly note the image has been published only for representational purposes. Following its Q3 earnings, Axis Max Life Insurance said its board approved a roadmap that envisages the listing of Axis Max Life through the merger of Max Financial Services into Axis Max Life.
Goal is for Axis Max Life Insurance to become a listed entity: MD

Feb 5, 2025 | business-standard.com | Subrata Panda |Aathira Varier

Following its Q3 earnings, Axis Max Life Insurance said its board approved a roadmap that envisages the listing of Axis Max Life through the merger of Max Financial Services into Axis Max Life. Prashant Tripathy, MD&CEO, Axis Max Life Insurance, in a conversation with Subrata Panda and Aathira Varier, spoke about the listing plan and discussed the company's performance. Edited excerpts:What is the merger plan with Max Financial Services and the subsequent listing plan of Axis Max Life Insurance?
Truhome Finance CEO Ravi Subramanian

Jan 15, 2025 | business-standard.com | Aathira Varier

Last year, private equity major Warburg Pincus acquired 100 per cent stake in Shriram Housing Finance, which is now re-branded as Truhome Finance. Ravi Subramanian, managing director (MD) and chief executive officer (CEO) of the company, tells Aathira Varier, at an interview in Mumbai, that he expects a fall in the cost of funding after the acquisition amid stronger capital position and better credit rating. Edited excerpts:
Life insurance Dec new biz premium falls 21.7% to Rs 30,218.71 crore

Jan 12, 2025 | rediff.com | Aathira Varier

The new business premium (NBP) of life insurance companies dropped 21.7 per cent year-on-year (Y-o-Y) to Rs 30,218.71 crore in December 2024 on the back of a steep fall in business. According to data published by the Life Insurance Council, LIC’s premium dropped 41.15 per cent Y-o-Y to Rs 13,523.87 crore while private insurers reported 7 per cent growth in NBP to Rs 16,694.85 crore as the industry absorbs the impact of the revised surrender value norms.
Insurers to double down on tech, rural expansion for growth in '25

Jan 10, 2025 | rediff.com | Aathira Varier

The Indian insurance industry is set to focus on customer-centric technological adoption and expansion into rural areas to drive growth in 2025. These initiatives are planned amid anticipation of policy-level changes, including potential increases in foreign direct investment (FDI), amendments to insurance regulations, and revisions in goods and services tax (GST) rates, industry insiders said. The much-awaited launch of the Bima Sugam is also expected this year.
Draft DPDP rules: Task cut out for banks as operational challenges loom

Jan 9, 2025 | rediff.com | Subrata Panda |Aathira Varier

The draft digital personal data protection (DPDP) rules, which require banks to obtain explicit consent from their customers before using their data for purposes beyond the original intent, although is being followed in spirit, leaves no room for regulatory arbitrage, experts said. IMAGE: Kindly note that this image has been posted for representational purposes only.
Muted deposit and credit growth sends PSB stocks into a tailspin

Jan 7, 2025 | rediff.com | Aathira Varier

Shares of state-owned bank stocks were under pressure on Monday due to muted deposit and credit growth numbers reported by these lenders in the October-December quarter (Q3) of 2024-25 (FY25).
AI tool MuleHunter to tackle financial fraud

Dec 9, 2024 | rediff.com | Aathira Varier

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday said the central bank has developed an innovative artificial intelligence and machine learning (AI/ML) based model MuleHunter.ai to address the growing issue of mule bank accounts that are often used for committing financial fraud. Developed by the Reserve Bank Innovation Hub, the new initiative is piloted with two public sector banks.