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Bank deposits grew by 10% in FY25, growth decline from 13% recorded in FY24: RBI Data

by AIP Online Bureau | Jun 3, 2025 | Banking & Bancassurance, Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

The RBI data showed a clear trend of increasing preference for term deposits over the past few years. Higher interest rates on these deposits encouraged more people to invest in them. New Delhi: The growth of bank deposits in India slowed down to 10.6 per cent...

Aircraft makers need to come out with SOPs for airlines to deal with GPS spoofing situations IATA

by AIP Online Bureau | Jun 3, 2025 | International News, Risk Management, Technology

Airlines have been reporting GPS interference with their flights in different parts of the world, especially while flying near or over conflict zones. New Delhi: Amid flights facing rising instances of GPS interference and spoofing, global airlines’ grouping...
AIC pays Rs7,057 crore of claims to over 1.12 crore farmers in FY25: Chairperson

AIC pays Rs7,057 crore of claims to over 1.12 crore farmers in FY25: Chairperson

by AIP Online Bureau | Jun 3, 2025 | Eco/Invest/Demography, Indian News, Non-Life

Lavanya R. Mundayur, CMD, Agriculture Insurance Company Crop insurance isn’t just a business—it’s a developmental tool for the entire rural ecosystem. It demands long-term commitment, timely claim settlement, use of technology for risk management, and a...
COVID-19: Active cases cross 4,000 mark, 5 fresh deaths reported in last 24 hours

COVID-19: Active cases cross 4,000 mark, 5 fresh deaths reported in last 24 hours

by AIP Online Bureau | Jun 3, 2025 | Eco/Invest/Demography, Health, Indian News

Director General of Indian Council of Medical Research (ICMR) Dr Rajiv Behl on Monday stated that genome sequencing of samples in West and South have shown that the variants leading to the current rise in cases are not severe and are sub variants of Omicron only. New...
RBI considers easing bank ownership rules as foreign interest grows

RBI considers easing bank ownership rules as foreign interest grows

by AIP Online Bureau | Jun 3, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation

Banking remains one of the most guarded sectors of the Indian economy. While foreigners including portfolio investors can own up to 74%, regulations limit a strategic foreign investor’s stake to 15%. MUMBAI: The Indian banking regulator is signalling possible...
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