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Retail loans can become a source of systemic risk, warns RBI

by AIP Online Bureau | Dec 27, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management

‘Empirical evidence suggests that a build-up of concentration in retail loans may become a source of systemic risk,” the RBI said in its trends and progress in banking report for FY22 Mumbai: Retail loans, long considered a panacea for the banking system,...
Cybersecurity could emerge as the biggest challenge in 2023

Cybersecurity could emerge as the biggest challenge in 2023

by AIP Online Bureau | Dec 27, 2022 | Eco/Invest/Demography, Non-Life, Risk Management, Technology

Cyber criminals are taking advantage of new and advanced methods to cause considerable damage to organisations’ reputation, which could potentially cause huge financial losses. For businesses, taking the right preventive steps and investing in security measures...
Japan asks its insurers to retain marine war cover for LNG shippers in Russian waters

Japan asks its insurers to retain marine war cover for LNG shippers in Russian waters

by AIP Online Bureau | Dec 27, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The move comes after Tokio Marine & Nichido Fire Insurance, Sompo Japan Insurance and Mitsui Sumitomo Insurance on Friday told shipowners that they would stop offering marine war insurance, which covers damage to ships from war in Russian waters, from Jan Industry...

India to rise to 3rd spot on the World Economic League Table by 2037 from 5th in 2022: Report

by AIP Online Bureau | Dec 27, 2022 | Data, Eco/Invest/Demography

Cebr said in its annual World Economic League Table 2023 that over the next five years, the annual rate of GDP growth is expected to average 6.4 per cent, after which growth is expected to average 6.5 per cent in the subsequent nine years The Centre for Economics and...

India emerges as leading investment destination

by AIP Online Bureau | Dec 27, 2022 | Climate, Environment, Renewable Energy, Eco/Invest/Demography, International News, Wealth Management/ Philanthropy

Among the sectors, the billionaires favour energy, possibly due to today’s supply constraints and the accelerating secular transition to renewables ”This year’s report highlights how many of the wealthiest in society see it as their responsibility to lead the way,...
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