Indian Insurance Industry News & Updates
Govt bonds log worst losing streak in 30 years as crude, US yields rise
Sbi General’s premium health insurance product, Health Alpha, enables customers to gift personalised health protection to loved ones
With 40+ coverage options, flexible benefits and innovative features, Health Alpha enables customers to personalise health insurance to suit their loved ones’ needs
Yes Bank unlikely to pay AT1 bond coupons despite bondholders’ demands, sources say
Mumbai: India's Yes Bank is unlikely to pay coupons due this year on its additional tier-1 (AT1) bonds despite a Supreme Court ruling overturning their write-off during the lender's 2020 rescue, two persons familiar with the matter said.
Nippon Life India AMC gets Sebi nod to settle Yes Bank AT-1 bond case
Source Credit: Reuters, Business Standard
Nippon Life India Asset Management said on Thursday it has received in-principle approval from India's markets regulator to settle a dispute over alleged fraudulent investments in Yes Bank additional tier-1 bonds after paying ₹96.76 crore ($10.2 million).
Brent surge rattles markets
Benchmark equity indices declined by about 0.6% on Thursday, extending their losses for a third consecutive session as Brent crude prices surged to a five-month high of $112.6 per barrel amid renewed escalation in the Middle East conflict.
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