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Govt to constitute high-level panel on banking soon: FM

Govt to constitute high-level panel on banking soon: FM

by AIP Online Bureau | Feb 8, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

Nirmala Sitharaman,Finance Minister “I propose setting up a ‘High Level Committee on Banking for Viksit Bharat’ to comprehensively review the sector and align it with India’s next phase of growth, while safeguarding financial stability,...
GIC Re net profit falls 6% to Rs 1,519 cr in Q3,combined ratio improves to a record 105.32 %

GIC Re net profit falls 6% to Rs 1,519 cr in Q3,combined ratio improves to a record 105.32 %

by AIP Online Bureau | Feb 7, 2026 | Indian News, Life, Non-Life, Reinsurance

Hitesh Joshi, acting CMD, GIC Re. said,“`Our strategy is focused on leveraging our risk selection capabilities to drive profitable, high-quality growth. Going forward, the Indian general insurance (non-life) sector is expected to grow at more than 8 per cent in...
EU needs regulations to manage growing security risks posed by Chinese intelligent vehicles

EU needs regulations to manage growing security risks posed by Chinese intelligent vehicles

by AIP Online Bureau | Feb 6, 2026 | International News, Policy, Regulation, Risk Management, Technology

Intelligent cars, typically electric or hybrid vehicles, allow for expansive data to be collected including geospatial and personal data, Warsaw-based Center for Eastern Studies said. That leaves European countries vulnerable to cyberattack and exposed to the risk...
South Korean insurance majors eye Indian market

South Korean insurance majors eye Indian market

by AIP Online Bureau | Feb 6, 2026 | Eco/Invest/Demography, International News, Life, Non-Life, Policy, Regulation

Samsung and Hyundai Marine & Fire are interested in potentially entering the non‑life insurance sector, the first source said, while Mirae Asset Financial Group is focusing on life insurance. Mumbai:After Korean Re, South Korean firms Samsung Fire & Marine...
Bajaj Life Insurance to apply for Pension Fund Manager and GIFT City licences

Bajaj Life Insurance to apply for Pension Fund Manager and GIFT City licences

by AIP Online Bureau | Feb 6, 2026 | Eco/Invest/Demography, Indian News, Life, Pension & Social Security, Regulation, Wealth Management/ Philanthropy

Tarun Chugh, MD & CEO, Bajaj Life Insurance, said, “The Board’s approval for seeking approvals from PFRDA, IFSCA and IRDAI is a pivotal step as there is a pressing need for dedicated pension solutions in India, and a PFM company will allow us to offer a complete...
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