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India's insurance regulator, IRDAI, is proposing to double investment limits for insurers in REITs and InvITs, aiming to channel more long-term capital into infrastructure and real estate. The regulator is also considering allowing insurers to invest in gold ETFs under ULIPs, with a cap of 5% of a segregated fund's assets.
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The government will decide on increasing foreign investment in public sector banks after the Reserve Bank of India reviews voting rights. Current rules limit foreign investment to 20%. The RBI is reviewing shareholding limits for private banks too. India allows 74% foreign investment in private banks. The government hopes for a strategic sale in IDBI Bank by October.
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HDFC Life expects to outperform the life insurance industry in H1 FY26, even as sector growth slows due to regulatory changes and weak demand. Recovery is expected in H2.
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Spandana Sphoorty Financial will raise up to Rs 400 crore through a rights issue as part of its Rs 750 crore FY26 equity plan. Board meets Friday to finalize terms.
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Jaipur-based SK Finance Ltd, a non-banking financial company, on Tuesday reported 27 per cent rise in its loan book to Rs 13,261 crore for FY25, compared to Rs 10,476 crore in the previous year.
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