ICICI Prudential Life Insurance Company540133Life insurance
Margins declined mainly due to FCNR costs and lower yields on advances, while funding costs remained flat
By ScoutQuest · · 1 min read
Heard on business television between 12:23:28 - 12:26:28 IST.
- Margins impacted despite flat funding costs
- Decline attributed to FCNR deposit costs and lower yields on advances, which have been falling for around six quarters
- Margins expected to improve going forward as rate hike impact kicks in
- FCNR deposit cost drag expected to continue in Q3, potentially offsetting margin gains
- IRDAI draft consultation paper proposes high commission cuts, which could improve persistency ratio and lower insurance costs if passed, aiding volumes
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Source: Live TV News Channel · 19 Oct 2026
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