NACH bounce rates fall to lowest in Q3 since start of Covid 19
ICICI Bank recorded the lowest bounce rates by volume while Kotak Mahindra Bank and IndusInd Bank posted higher bounce rates among peer private banks owing to large exposure to vehicle and self-employed loans. Other lenders like HDFC Bank, State Bank of India and Axis Bank recorded an improvement in bounce rates and were close to ICICI Bank's levels.
LIC sees dip in policy issuance due to pandemic"Our total number of individual policies and group policies (in terms of lives insured) issued in India decreased by 16.76 per cent from 75 million for fiscal 2019 to 62.43 million for fiscal 2020 and further decreased by 15.84 per cent to 52.54 million for fiscal 2021," according to the draft red herring prospectus (DRHP) filed by LIC.
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