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India will have heterogeneous banking sector in a decade with four types of banks: Shaktikanta Das

by AIP Online Bureau | Mar 27, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

  Mumbai: The Reserve Bank foresees a "competitive, efficient and heterogeneous" banking sector with four distinct sets of banks dominating the landscape over the next decade, its governor Shaktikanta Das said on Thursday. There will be large banks...

IRDAI directions for insurers on fraudulent calls

by AIP Online Bureau | Mar 27, 2021 | Eco/Invest/Demography, Indian News, Regulation

Chennai: India's insurance sector regulator has directed all insurers to register their template of messages with their telecom service providers to control unsolicited and fraudulent messages to policyholders. Pointing out at the menace of spam calls and messages...

Highways Ministry asks NHAI, automakers to tighten IT security after cyber attack threats

by AIP Online Bureau | Mar 27, 2021 | Eco/Invest/Demography, Indian News, Risk Management, Technology

New Delhi: The Ministry of Road Transport and Highways on Sunday alerted NHAI, NHIDCL and its other wings besides automobile makers to augment their IT security systems after reports regarding threats of possible cyber attacks targeted at the Indian transport sector....

Financial services space set for disruption over next 10 years: Kamath

by AIP Online Bureau | Mar 26, 2021 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Technology

Not just banking but the entire financial services space is set for disruption over the next 10 years, which will lead to reduction in transaction costs, veteran banker K V Kamath said on Friday. He said technology is transforming the way banking is done and bankers...

Delhi has bent pollution curve, annual level of particulate matter on decline: Report

by AIP Online Bureau | Mar 26, 2021 | Climate, Environment, Renewable Energy, Health

  New Delhi: Long-term trend shows Delhi has already bent the pollution curve downwards and the annual level of particulate matter, PM2.5, is declining every year, a new report by the Centre for Science and Environment (CSE) claimed. The report titled...
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