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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...
Banks will pay deposit insurance premiums linked to their risk profile from Apr 1

Banks will pay deposit insurance premiums linked to their risk profile from Apr 1

by AIP Online Bureau | Feb 6, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

Under the new framework, banks will be assessed using financial and supervisory indicators such as capital strength, asset quality, earnings and liquidity, as well as the potential loss their failure could impose on the deposit insurance fund, the RBI said. Mumbai:...
Law must remain responsive to lived human realities, says SC; enhances compensation

Law must remain responsive to lived human realities, says SC; enhances compensation

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

“If the law is capable of recognising anticipated economic progression as a valid loss, it is not too clear why emotional deprivation manifested in loss of love and affection must be viewed as an impermissible head, especially when Chapter XII of the Act (Motor...
RBI announces Rs 25k compensation to bank customers hit by digital fraud

RBI announces Rs 25k compensation to bank customers hit by digital fraud

by AIP Online Bureau | Feb 6, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology

“As long as (the customers) are defrauded whether on their own accord or anyone else’s accord, no questions asked… we will compensate them as long as it is unintended,”Reserve Bank Governor Sanjay Malhotra MUMBAI: Amid growing digital fraud, the...
Interest rates to remain at low level for long period of time: RBI Guv

Interest rates to remain at low level for long period of time: RBI Guv

by AIP Online Bureau | Feb 6, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Wealth Management/ Philanthropy

“The policy rates will continue to be at low levels for a long period of time (and) they will go down even further,” Malhotra said in a post-monetary press conference. Mumbai: Reserve Bank Governor Sanjay Malhotra on Friday said the key policy rates will...
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