Top Indian Insurance Industry News & Updates - 30 April 2025,Wednesday
🏭 Industry
📝 Insurance Amendment Bill Proposing 100% FDI Set for Cabinet Nod
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🗎 Life Insurance
HDFC Life is 'Next Leader' on the Indian corporate governance scorecard for 2024
Mumbai: HDFC Life, one of India's leading life insurers, is delighted to announce its recognition as 'Next Leader' in the Indian Corporate Governance assessment conducted by Institutional Investor Advisory Services (IiAS) as of 31st December 2024. This is a testament to the Company's unwavering commitment to transparency, accountability, and exemplary governance practices.
Half of India skips term insurance: why PNB MetLife plans are the smartest choice
PNB, Canara Bank to dilute stake in Canara HSBC Life Insurance through IPO
📝 Canara HSBC Life Insurance files DRHP with Sebi for IPO
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🗎 General Insurance
SBI General Insurance PAT zooms at 112 percent YoY to Rs. 509 crores
Mumbai: SBI General Insurance, one of India's leading general insurance companies, announced its financial results for FY25, marking a milestone as the company completes 15 years of operations.
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🏦 SEBI
SEBI warns investors against unregulated opinion trading platforms, vows strict action
Sebi warns investors against ‘opinion trading platforms’
📝 Sebi extends same day T+0 settlement cycle by six months till November 1
📝 India in reasonably good spot; retail investors should stay invested for long: Sebi chairman
📝 Sebi issues norms for withdrawing an ESG rating
📝 SEBI floats draft norms on orderly exit process of KRAs; seeks public comments
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🗎 Mutual Funds / AMCs
MF Central by CAMS and KFintech: Consolidate, update and transfer mutual funds easily
MF Central is a unified digital platform designed to simplify mutual fund management for investors in India. It was launched in 2021 as a collaboration between CAMS and KFintech, following directions from SEBI.
UTI Asset Management’s net down 44% in March quarter
Income was dipped 10 per cent to ₹376 crore (₹416 crore).
📝 Indian Gold ETF holdings up by over 200% in 5 years : Zerodha Mutual Fund
📝 UTI Mutual Fund launches multi-cap fund
📝 Broader market yet to break out; stay selective amid rebound: Vinit Sambre
📝 Alaknanda Hydro gets Rs 2,000 crore from Kotak funds
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🗎 Equities, Pvt. Equity / Hedge Funds
Investors are getting Interested again
Indian equities are finding favour among foreign investors. This is due to its relatively low exposure to trade disruptions, and prospects of it arriving at a tariff deal with the US ahead of other countries. FPIs have been on a buying spree for over a week, the longest sustained period of purchases since they began dumping Indian stocks late last year. The interest has offset lingering concerns over the deteriorating security environment in the neighbourhood following last week’s terrorist attack in Kashmir. Attractive valuations and strong earnings by index heavyweights such as Reliance is another draw for FPIs seeking to shield their emerging market portfolios against the backdrop of slowing growth and rising inflation in the US and China.
IDBI Capital-managed defence fund exits two deep-tech firms Sagar Defence Engineering, Zeus Numerix
IDBI Bank’s subsidiary IDBI Capital Markets & Securities Limited (ICMS), which manages the Maharashtra Defence and Aerospace Venture Fund (MDAVF), has exited from two of its portfolio companies including unmanned underwater vehicle maker Sagar Defence Engineering Pvt. Ltd. and Zeus Numerix which develops smart and autonomous munitions. MDAVF is a SEBI-registered Category II Alternative Investment Fund (AIF) that focuses on companies in the defence and aerospace sectors. So far the fund has invested around Rs 415 in 23 MSMEs in the defence and aerospace sector.
SBI mulls equity capital raise in FY26; board to discuss proposal
📝 SBI board to weigh equity fundraising plan during May 3 results meet
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🗎 Govt Securities / Bonds
RBI gets nearly double the bids in Rs 20,000-cr market purchase
Mumbai: The central bank's bond purchases through open market operations (OMO) on Tuesday saw strong demand, with banks and primary dealers offering bonds double the notified amount to cash in on higher prices. Prices for the bonds were better than in previous auctions and were at a premium from the market, treasury heads said.
Bond yields at a 3-Year low. Will interest rates move further down?
In 2025, the Reserve Bank of India (RBI) has, thus far, cut the policy rate by 50 basis points (bps) – 25 bps in February and another 25 bps in April. One basis point equals 0.01%. The policy repo rate currently is 6%.
Coupon rate on new 10-year G-Sec likely to be at about 6.30%
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