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LIC wants more investment avenues,  ‘in active discussion’ with RBI for access to debt data via CRILIC: Chairman

LIC wants more investment avenues, ‘in active discussion’ with RBI for access to debt data via CRILIC: Chairman

by AIP Online Bureau | Dec 28, 2023 | Indian News, Life, Regulation

Siddhartha Mohanty,chairman,Life Insurance Corporation According to the LIC chairman, so far as investment scope for insurance companies are concerned, it is highly regulated. So, new asset class should also be allowed, like your sovereign gold bond, equity...

About 60 hospitalised in India after ammonia leak at fertiliser plant

by AIP Online Bureau | Dec 28, 2023 | Indian News, Risk Management

The leak took place when Coromandel’s fertiliser manufacturing unit was preparing to receive an ammonia shipment through its 2.5 kilometre-long (1.5 mile) undersea pipeline. CHENNAI/BENGALURU: About 60 people have been hospitalised after an ammonia leak from a...

India records six Covid-19 deaths, 692 new cases in 24 hrs; total active caseload at 4,097

by AIP Online Bureau | Dec 28, 2023 | Eco/Invest/Demography, Health, Indian News, Non-Life

A total of 109 cases of the JN.1 sub-variant have been detected in India until Wednesday, as per Health Ministry sources New Delhi: India records six Covid-19 deaths, 692 new cases in 24 hrs; total active caseload at 4,097India recorded 692 fresh cases of COVID-19 in...
Govt asks platforms not to carry ads of fraudulent loan apps; seeks swift removal of such apps

Govt asks platforms not to carry ads of fraudulent loan apps; seeks swift removal of such apps

by AIP Online Bureau | Dec 28, 2023 | Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology

”One of the areas we are now cracking down on is advertising of fraudulent loan apps that many platforms are carrying and we have, through yesterday’s advisory, made it clear that no intermediary can carry advertisements of fraudulent loan apps because it...
Fraud cases in banking sector rises in first half of FY24: RBI report

Fraud cases in banking sector rises in first half of FY24: RBI report

by AIP Online Bureau | Dec 27, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

With the adoption of new technology, it said, the risks of cyberattacks, data breaches and operational failures have also increased. Frauds lead to reputational, operational and business risk for banks and undermine customers’ trust in the banking system with...
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