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Banks’ exposure to Adani group “insufficient”, face limited risk: Fitch

by AIP Online Bureau | Feb 7, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management

”Fitch Ratings believes that Indian banks’ exposure to the Adani group is insufficient in itself to present a substantial risk to the banks’ standalone credit profiles,” the rating agency said in a note. New Delhi: Indian banks’ exposure...

5 states inform Centre about reverting to old pension scheme

by AIP Online Bureau | Feb 7, 2023 | Eco/Invest/Demography, Indian News, Pension & Social Security

”The state governments of Rajasthan, Chhattisgarh, Jharkhand, Punjab, and Himachal Pradesh have informed the central government/Pension Fund Regulatory and Development Authority (PFRDA) about their decision to restart Old Pension Scheme (OPS) for their state...
Digit postpones its IPO, to refile DRHP  with Sebi in due course

Digit postpones its IPO, to refile DRHP with Sebi in due course

by AIP Online Bureau | Feb 7, 2023 | Indian News, Non-Life, Regulation

In a statement, Digit insurance said the DRHP (Draft Red Herring Prospectus) has been returned in terms of Sebi’s ICDR (Issuance of Capital and Disclosure Requirements) rules, which exempts rights granted under employee stock option plans to subsist at the time...

Wealth Management:Ultra-rich foreigners flock to Singapore to set up family offices

by AIP Online Bureau | Feb 7, 2023 | Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

Family offices are usually set up with the objective of managing the financial and investment needs of affluent families or individuals including providing financial solutions, budgeting, insurance, charitable giving, wealth transfer and succession planning, and tax...
Edelweiss General Insurance rebrands itself as Zuno General Insurance

Edelweiss General Insurance rebrands itself as Zuno General Insurance

by AIP Online Bureau | Feb 7, 2023 | Indian News, Non-Life, Risk Management, Technology

Shanai Ghosh, MD & CEO, Zuno General Insurance, said, “Telematics is a silver lining for motor insurance industry in India. It allows us to offer personalized solutions and experience to our customers. Given the exponential growth of smartphone users in the...
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