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India's ICICI Lombard reports Q1 profit rise on higher retail health premium income
India's ICICI Lombard reports Q1 profit rise on higher retail health premium income

Reuters

time2 hours ago

  • Business
  • Reuters

India's ICICI Lombard reports Q1 profit rise on higher retail health premium income

July 15 (Reuters) - India's ICICI Lombard General Insurance ( opens new tab reported a nearly 29% higher first-quarter profit on Tuesday, driven by higher premium income in its retail health insurance and motor segments. The non-life insurer reported a profit after tax of 7.47 billion rupees ($87.04 million) for the quarter ended June 30. Demand for health insurance has surged in India in recent years, driven by soaring medical costs and heightened awareness, particularly in the wake of the COVID-19 pandemic. ICICI Lombard reported solid growth in both retail and corporate health insurance premiums, rising 44% and 10% from a year ago, respectively. Motor insurance premiums rose 13.5%, higher than the 12% growth in the year-ago quarter. These segments together helped lift the company's net premiums earned by 14% to 51.36 billion rupees in the quarter ended June 30. Profitability also improved as the combined ratio, a key metric that compares claims and expenses to premium income, improved to 102.9% from 102.3% a year ago. This indicates the company is earning more in premiums than it is spending on claims and operations. ICICI Lombard is backed by ICICI Bank ( opens new tab, one of India's largest private lenders. It also offers marine and crop insurance, among other services. ($1 = 85.8240 Indian rupees)

ICICI Bank Share Price Live Updates: ICICI Bank's Recent Monthly Returns
ICICI Bank Share Price Live Updates: ICICI Bank's Recent Monthly Returns

Time of India

time12 hours ago

  • Business
  • Time of India

ICICI Bank Share Price Live Updates: ICICI Bank's Recent Monthly Returns

15 Jul 2025 | 09:37:07 AM IST Join us on the ICICI Bank Stock Liveblog, your hub for real-time updates and comprehensive analysis on a prominent stock. Stay in the know with the latest information about ICICI Bank, including: Last traded price 1421.9, Market capitalization: 1013450.33, Volume: 372900, Price-to-earnings ratio 19.86, Earnings per share 71.65. Our liveblog provides a well-rounded view of ICICI Bank by incorporating both fundamental and technical indicators. Be the first to receive breaking news that can impact ICICI Bank's performance in the market. Our expert analysis and recommendations empower you to make informed investment choices. Stay informed and stay ahead with the ICICI Bank Stock Liveblog. The data points are updated as on 09:37:06 AM IST, 15 Jul 2025 Show more

Amazon Prime Day Sale ends today! Grab up to 75% off on laptops, monitors, printers and more
Amazon Prime Day Sale ends today! Grab up to 75% off on laptops, monitors, printers and more

Mint

timea day ago

  • Business
  • Mint

Amazon Prime Day Sale ends today! Grab up to 75% off on laptops, monitors, printers and more

Time is running out! The Amazon Prime Day Sale ends tonight, and you've got just a few hours left to grab some of the best gadget deals of the year. If you've been waiting to buy a laptop, monitor, printer or any other work or study essential, this is your last chance to save big. Product Rating Price Lenovo Smartchoice Yoga Slim 7 Intel Core Ultra 5 125H Built-in AI 14"(35.5cm) WUXGA-OLED 400Nits Laptop (16GB/512GB SSD/60Hz/100% DCI-P3/Win11/MSO 21/1Yr ADP Free/Alexa/Grey/1.39Kg), 83CV003MIN View Details Apple MacBook Air Laptop: Apple M1 chip, 13.3-inch/33.74 cm Retina Display, 8GB RAM, 256GB SSD Storage, Backlit Keyboard, FaceTime HD Camera, Touch ID. Works with iPhone/iPad; Space Grey View Details Samsung 24" (60.5 cm) S3 Flat Monitor|Super Slim Borderless Design|IPS Panel|FHD 1920 x 1080|100 Hz|5 ms|Ports-HDMI,VGA|Game Mode|Eye Saver Mode||Wall Mountable|LS24D300GAWXXL|Black View Details HP Smart Tank 589 All-in-One WiFi Colour Printer – 30 Ppm Speed, High Capacity Ink Tank, Wireless, Ideal for Home & Office Printing, Magenta View Details HP 350 Compact Multi-Device Bluetooth Wireless Keyboard; Spill Resistant; Swift Pair; OS Auto-Detection, LED Indicator, Battery Life Up to 24 Months View Details View More Top brands like Dell, Samsung, HP, Lenovo, and more are offering up to 75% off on popular products. Whether you need a high-speed laptop for office use, a sleek monitor for your setup, or a reliable printer for your home, there are massive discounts still live. You'll also find great exchange offers, bank discounts, and no-cost EMI options to make the deal even sweeter. But these offers won't last, most deals will disappear once the clock strikes 12. So don't wait. Scroll through our curated list of the best last-minute deals and place your order before the sale ends. Loading Suggestions... Loading Suggestions... Loading Suggestions... Loading Suggestions... ICICI Bank: 10% instant discount up to ₹ 6250 (Credit card, debit card and Credit EMI) 6250 (Credit card, debit card and Credit EMI) SBI Bank: 10% instant discount up to ₹ 6250 (Credit card and Credit EMI) 6250 (Credit card and Credit EMI) Amazon Pay ICICI Bank: 5% instant discount + Unlimited 5% back Minimum purchase of ₹ 5,000 required; higher savings on orders above ₹ 99,990. 5,000 required; higher savings on orders above 99,990. Valid on both EMI and non-EMI transactions, no promo code needed. No Cost EMI available on select cards for purchases over ₹ 3,000. 3,000. Offers are exclusive to Prime members during the Prime Day 2025 sale The Amazon Prime Day Sale 2025 is almost over, and laptops are still available at up to 40% off. From lightweight models for students to performance-packed machines for professionals, there's a laptop for every need. You can get the latest features like fast processors, SSD storage, long battery backup, and sleek displays—all at great prices. Only 2 hours left before the Amazon Sale 2025 ends. If you've been planning to upgrade, now's the time to do it. These Prime Sale Amazon deals won't last, and many top models are already low on stock. Loading Suggestions... Loading Suggestions... Loading Suggestions... Loading Suggestions... Only 2 hours left before the Amazon Prime Day Sale 2025 ends! If you've been thinking about upgrading your screen, now's the time. Monitors are available at up to 70% off, with great choices from trusted brands. You can find full HD, 4K, curved, and high refresh rate models—perfect for work, study, design, or gaming. The Amazon Sale 2025 brings powerful tech at prices that won't return soon. Prime Sale Amazon deals like these offer true value, making it easier to boost productivity or enjoy your content more clearly. Don't miss out, this is your last window to grab the right monitor at the right price before the Prime Day Sale ends. Loading Suggestions... Loading Suggestions... Loading Suggestions... Loading Suggestions... The Amazon Prime Day Sale 2025 wraps up in just a couple of hours, and this is your final window to score up to 30% off on printers. Perfect for students, remote workers, or anyone needing quick home printing, these devices can save both time and trips to the store. From compact inkjets for everyday use to smart all-in-one printers for scanning and copying, the Prime Sale Amazon 2025 includes models from trusted brands at great prices. No more waiting in queues for a printout or spending extra at cafés. If a good printer has been on your list, now is the moment to buy—before the deals disappear. Loading Suggestions... Loading Suggestions... Loading Suggestions... Loading Suggestions... Only a few hours left before the Amazon Prime Day Sale 2025 ends, and this is your last shot to grab keyboards at up to 60% off. A good keyboard can make a huge difference—be it for work, gaming, or daily browsing. With options ranging from wireless and mechanical to silent and backlit models, there's something for everyone. The Prime Sale Amazon 2025 features top picks from brands known for durability and comfort. Whether you're setting up a new home office or upgrading your old setup, now's the best time to save big. Don't wait—these deals will vanish at midnight, and you might miss out on the perfect typing experience. Loading Suggestions... Loading Suggestions... Loading Suggestions... Loading Suggestions... The Amazon Prime Day Sale 2025 ends tonight, and you can still grab mice at up to 60% off. From wireless to gaming mice, the Prime Sale Amazon has deals that suit every user, students, professionals, and casual users alike. These mice come with ergonomic designs, precision tracking, and long battery life, making them perfect for everyday use or high-performance gaming. Amazon Sale 2025 includes top brands known for comfort and accuracy. Upgrade your setup now, because after midnight, these discounts will be gone. Don't miss this last-minute chance to grab a better, smoother, and faster experience. Loading Suggestions... Loading Suggestions... Loading Suggestions... Loading Suggestions... Disclaimer: Mint has an affiliate marketing partnership, which means we may get some commission on purchases you make through the retailer sites links provided. These partnerships do not influence our editorial content, which is free from any bias or marketing pitch. We strive to provide accurate and unbiased information to help you make informed decisions. We recommend verifying details with the retailer before making a purchase.

Make the most of the last day of Amazon Prime Day 2025 with sizzling deals on summer appliances
Make the most of the last day of Amazon Prime Day 2025 with sizzling deals on summer appliances

Mint

timea day ago

  • Business
  • Mint

Make the most of the last day of Amazon Prime Day 2025 with sizzling deals on summer appliances

The final day of Amazon Prime Day 2025 is here, and it's your last chance to grab unbeatable deals on essential summer appliances. From energy-efficient air conditioners and spacious refrigerators to high-performance air coolers and stylish ceiling fans, there's something for every home looking to beat the heat. Product Rating Price LG 1 Ton 4 Star DUAL Inverter Split AC (Copper, AI Convertible 6-in-1 with VIRAAT Mode, Faster Cooling & Energy Saving, 4 Way Swing, HD Filter with AntiVirus Protection, US-Q13JNYE, White) View Details Voltas 1 ton 3 Star Inverter Split AC (Copper, 4-in-1 Adjustable Mode, Anti-dust Filter, 123V CAE, White) View Details Carrier 1 Ton 3 Star Wi-Fi Smart Flexicool Inverter Split AC (Copper, Convertible 6-in-1 Cooling,Smart Energy Display,HD & PM 2.5 Filter, ESTER EDGE FXi (Wi-Fi), CAI12EE3R35W0,White) View Details Cruise 1 Ton 3 Star Inverter Split AC with 7-Stage Air Filtration (100% Copper, Convertible 4-in-1, PM 2.5 Filter, CWCVBL-VQ1W123, White) View Details IFB 2025 Model Silver Plus Smart Series 1 Ton 3 Star In-built Wifi Split AC with HD Compressor, AI, Dual Gold Fin & 8-in-1 Flexi Mode - White (CI133SL11SGM1, Copper Condenser) View Details View More Top brands like LG, Samsung, Godrej, and more are offering deep discounts across categories. You can also enjoy added benefits such as a 10% instant discount on select bank cards, no-cost EMI options, and exchange offers to upgrade your appliances at lower prices. Get a 10% instant discount up to ₹ 6,250 on ICICI Bank credit/debit cards and credit EMIs 6,250 on ICICI Bank credit/debit cards and credit EMIs Enjoy 10% off up to ₹ 6,250 with an SBI credit card and credit EMI transactions 6,250 with an SBI credit card and credit EMI transactions Amazon Pay ICICI Bank credit card users get an extra 5% instant discount and 5% unlimited cashback No-cost EMI options on a wide range of ACs, refrigerators, coolers and fans Compact and efficient, 1 ton ACs are ideal for small rooms and personal spaces. During the Amazon Sale 2025, these models are available with discounts of up to 52%. Choose from trusted brands like Blue Star, Daikin, and Godrej, offering features like inverter technology and low power consumption to keep your home cool and your bills low. Loading Suggestions... Loading Suggestions... Loading Suggestions... Loading Suggestions... Perfect for medium-sized rooms, 1.5-ton air conditioners are now available with up to 55% off during the Prime Day Sale 2025. Enjoy powerful and balanced cooling at a great price. Popular brands including LG, Voltas, and Panasonic are part of the deals, with energy-efficient models and smart features designed for reliable everyday comfort. Loading Suggestions... Loading Suggestions... Loading Suggestions... Loading Suggestions... Designed for larger rooms and open areas, 2 ton ACs offer strong and consistent cooling performance. Shoppers can get up to 43% off on top-rated models in the Amazon Sale 2025. Top names like Carrier, Daikin, and Hitachi are offering models packed with the latest cooling technologies, making them perfect for summer upgrades. Loading Suggestions... Loading Suggestions... Loading Suggestions... Loading Suggestions... Single-door refrigerators are space-saving and cost-effective, great for small households or personal use. You can now find them at up to 36% off in the Prime Day Sale 2025. Models from Samsung, Godrej, and Haier come with energy efficiency and smart cooling features that offer excellent value at a discounted price. Loading Suggestions... Loading Suggestions... Loading Suggestions... Loading Suggestions... Double door refrigerators are perfect for larger families and better organisation. With up to 38% off in the Amazon Sale 2025, it's the right time to upgrade. Choose from trusted names like LG, Samsung, and Godrej, offering frost-free technology, toughened glass shelves, and convertible freezer options. Loading Suggestions... Loading Suggestions... Loading Suggestions... Loading Suggestions... Air coolers are a cost-effective way to stay cool during the hot season. Now available at up to 61% off during Prime Day Sale 2025, they're a great alternative to ACs. Brands like Bajaj, Crompton, and Symphony are offering portable and powerful models with high air delivery and water capacity, ideal for dry climates. Loading Suggestions... Loading Suggestions... Loading Suggestions... Loading Suggestions... Ceiling fans are a household staple, and this Amazon Sale 2025 brings up to 64% off on high-performance options. Explore stylish, energy-saving models from Usha, Havells, and Crompton, designed to complement your interiors while offering efficient cooling all year round. Loading Suggestions... Loading Suggestions... Loading Suggestions... Loading Suggestions... Disclaimer: Mint has an affiliate marketing partnership, which means we may get some commission on purchases you make through the retailer sites links provided. These partnerships do not influence our editorial content, which is free from any bias or marketing pitch. We strive to provide accurate and unbiased information to help you make informed decisions. We recommend verifying details with the retailer before making a purchase.

Margins pressure, credit costs may plague banks in Q1; asset quality seen largely stable
Margins pressure, credit costs may plague banks in Q1; asset quality seen largely stable

Mint

timea day ago

  • Business
  • Mint

Margins pressure, credit costs may plague banks in Q1; asset quality seen largely stable

Mumbai: Banks are expected to see weak growth in the first quarter of FY26 due to pressure on margins, rising credit costs and cyclically slower business during this period. 'Q1FY26 is expected to be a muted quarter with most banks juggling with many adversely moving aspects such as slowing advances growth, margin pressure from consecutive repo rate cuts, seasonally weak fee income, annual appraisal-related expenses in operating expenses, and sustained elevated credit costs for unsecured credit segments," Systematix Research said in a pre-earnings note. Provisional business updates by banks for Q1FY26 showed weak loan growth in Q1 even as deposits picked up pace, Mint reported on 4 July, 2025. Initial estimates showed sequential loan growth of 0.2-5% and deposit growth of 0.1-1.3%. This led to private banks' credit-deposit ratio improving to 92% and for public sector banks remaining stable at 78%. Loan growth for these banks was 5-32% year-on-year, barring IndusInd Bank, which saw a decline on a sequential and annual basis. Deposit growth, meanwhile, is estimated to be around 13% year-on-year. As per RBI data, system loan growth has decelerated to 9.6% on-year in June 2025 from 11% in Q4 FY25, with advances slowing for most segments except MSME loans. 'This quarter has been characterized by subdued credit growth, with lending activity yet to gain meaningful traction," brokerage firm Centrum said in a note, adding that the repo rate cuts have further intensified downward pressure on lending yields. Net interest income–income from the core lending business–is seen rising 1-7% on year but falling 0.6-3.4% sequentially, as per estimates by four brokerage firms. Profitability 'Pre-provision profit (PPoP) should increase 5.2% on-year and register a growth of -1.5% on quarter," according to Phillip Capital. Core operating profit (excluding treasury impact) is expected to fall 2.5% on year and 4.1% on quarter, it added. Analysts said profitability is expected to be muted due to lower business and income growth, pressure on margins, and higher provisions. They peg profit after tax for the system at around 0-4.8% year-on-year and 0.8% quarter-on-quarter, with a decline of up to 12%. Within this, private banks are seen posting net profit of 1.4% on year, and public sector banks 7%. Kotak Mahindra Bank, State Bank of India and ICICI Bank are analysts' top picks among large banks, whereas IDFC First Bank and RBL Bank are the top choices among mid to small banks. Bank of Maharashtra will kickstart the Q1 earnings season for banks on Tuesday. Among private banks, Axis Bank is set to be the first to declare its results on 17 July, followed by HDFC Bank and ICICI Bank on 19 July. The Nifty Bank Index rose nearly 12.7% in the April-June quarter. In comparison, the benchmark Nifty 50 gained 9.3% during the period. Margins Margins of banks will be under pressure as they face the impact of the cumulative 100 basis point rate cut by the Reserve Bank of India between February and June 2025. While much of the impact of the lending side is expected to be borne in this quarter given that a significant portion of the loan book is linked to an external benchmark–usually the repo rate–the deposit side impact will be limited. The share of external-benchmark linked loans is estimated to be around 46% for state-owned banks and at around 87% for their private sector peers. Banks are expected to benefit from the first phase of savings and fixed deposit rate cuts (in April 2025) in this quarter, and then from the second phase (in June 2025) of rate cuts in the second quarter. The impact of cuts in savings account rates is typically faster than those on fixed deposits given the longer tenure of the latter. Margins will also be under pressure due to adverse asset mix led by lower unsecured disbursements, weak liability mix due to slower CASA growth, and interest reversals on higher slippages in unsecured credit and agri credit. Net interest margin for banks is seen falling 5-15 basis points on a sequential basis, as per estimates by several brokerage firms. 'We expect double-digit NIM decline for all banks under our coverage in Q1 FY26," Motilal Oswal Securities said adding that margins should improve in the second half of the financial year led by a phased reduction in deposit rates and the 100 bps cut in banks' cash reserve ratio which will come into effect from September 2025. Other income Despite frontline banks pulling back on employee and branch additions, opex should remain sticky due to tech expenses, annual increments and still elevated collections related costs, IIFL Capital said, adding that fee income growth is expected to decline 15% on quarter and 11% on year, following distribution led seasonally high base in Q4 FY25. However, with decline in government bond yields, trading gains should be high and aid overall non-interest income–which is seen growing 17% on year. While some banks are expected to see gains in their treasury portfolios owing to the sharp rate cuts, overall outlook for fee and other income remains muted. As such, treasury gains too are seen limited due to change in accounting for AFS (available for sale) book, analysts said. 'The impact on P&L will be limited due to the implementation of the new investment guidelines (effective 1-April'24) wherein the MTM gains on the AFS portfolio will not be recognised in the P&L statement but will augment the AFS capital reserve," brokerage firm Systematix said. The yield on the benchmark 10-year government bond declined by 75 bps in Q1FY26 compared with 10 bps in the previous quarter. Asset quality While the system's asset quality is largely stable, provisions and subsequently credit costs are elevated for banks, especially those with higher exposure to unsecured retail and microfinance loans, as they absorb the impact of small-ticket delinquencies. According to analysts, credit cost for banks is likely to be 59 bps for Q1 FY26 compared with 64 bps in the previous quarter and 52 bps in the year ago period. 'Slippages have been moderately on the rise sequentially earlier for the system but Q1 FY26 may be flattish, adjusted for agri non-performing loans," YES Securities said in a note. Typically, lenders tend to see higher agriculture slippages in the first and third quarter of a financial year owing to the cyclical nature of the business. 'Sequential evolution of provisions would be a function of not only slippages but also of recoveries and upgrades and pre-existing provision buffers," the note said, adding that it expects a marginal rise in provisions for HDFC Bank, ICICI Bank, IndusInd Bank and Federal Bank. Gross non-performing assets (NPA) ratio for the sector is pegged at 1.87% for the quarter, whereas net NPA ratio is seen at 0.49%. 'Peak MFI slippages are behind us with improving X-bucket collection efficiency and net forward flow rates, but they have not completely normalized yet. While personal loans and credit card NPAs may rise further, vintage analysis and early bucket delinquencies suggest that stress is peaking out," IIFL Capital said. Stress in the 'micro' SME segment is also rising, which will impact PSU banks more.

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