Intermediaries

Climate change tops list of world’s ‘extreme risks’

Facts       Sep 09, 2019

  LONDON: The Thinking Ahead Institute’s (TAI) Extreme risks 2019 report and ranking, which categorises rare events that could have a high impact on global economic growth and asset returns, has a new top three: global temperature change, global trade collapse and cyber warfare.   The Thinking...

There will not be single job loss due to merger of banks: FM Sitharaman

Indian News       Sep 01, 2019

  New Delhi: Finance minister Nirmala Sitharaman on Sunday allayed fears of job losses following the proposed merger of public sector banks, saying not even one employee shall be removed following the amalgamation.   "Absolutely, ill informed. I want to assure every union in everyone of these...

Finance Minister Nirmala Sitharaman

FM unveils merger of 10 govt banks to revive economic growth from 5-yr low

Indian News       Aug 30, 2019

  New Delhi: The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders as it looks to boost economic growth from a five-year low.   Finance Minister Nirmala Sitharaman, who...

Insurance broking body opposes 100% FDI in the sector

Indian News       Aug 29, 2019

  New Delhi: The Insurance Brokers Association of India(IBAI), the representative body of over 400 Indian insurance brokers including joint ventures with foreign partners, in a majority has staunchly opposed the government move to increase the foreign direct investment (FDI) 100 per cent from 49 per...

100% FDI in insurance intermediaries notified 

Indian News       Aug 29, 2019

  New Delhi: The government on Wednesday notified 100 per cent FDI in insurance intermediaries which was announced in the Budget in July this year. The notification was issued by Department of Financial Services of the Finance Ministry.   Piyush Goyal,Commerce and Industry Minister,while announcing the government's...

Bank frauds worth Rs 71,500 crore detected in FY19 states RBI report

Indian News       Aug 29, 2019

Mumbai: The number of cases of frauds reported by banks saw a jump of 15 per cent year-on-year basis in 2018-19, with the amount involved increasing by 73.8 per cent in the year, RBI’s annual report showed.   In FY19, banking sector reported 6,801 frauds involving...

Face-to-face distribution remains the primary mode of buying insurance in India:PwC report

Indian News       Aug 23, 2019

Mumbai: Indian  Insurance CEOs believe that insurance industry is going through technological and consumer behaviour changes. These changes are going to impact distribution trends in the insurance business.  Investing in technology to make it more accessible to the sellers is going to keep them ahead...

Recapitalisation of Indian public sector banks disappearing into quicksand

Blog       Aug 08, 2019

  Mumbai::  India Ratings and Research (Ind-Ra) opines that it is time to reevaluate the objectives of public sector banks (PSBs) and their role in the Indian economy. While the government has infused huge capital in PSBs, the same has largely been used to mitigate losses...

Willis Towers Watson acquires Risk Capital Advisors

International News       Aug 01, 2019

  Sydney: Willis Towers Watson, a leading global advisory, broking and solutions company, today announced the acquisition of Risk Capital Advisors Pty Ltd (RCA), a leading specialist Mergers & Acquisitions (M&A) broker in Australia, New Zealand and South Africa.   Enhancing Willis Towers Watson’s offering to clients...

5.89 lakh unregistered telemarketers blacklisted since 2011 for pesky calls: Ravi Shankar Prasad

Indian News       Jul 17, 2019

New Delhi: Telecom resources of 18.19 lakh unregistered telemarketers have been disconnected and 5.8 lakh were blacklisted by service providers since 2011 following consumer complaints on pesky telemarketing calls, Parliament was informed on July 17.   Further, a penalty of Rs 4.16 crore was deducted from...

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