Axis Max Life Insurance has entered into a strategic partnership...
Category:
Banking & Bancassurance
Latest
Budget-26-27:Sitharaman proposes Infra Risk Guarantee Fund to strengthen pvt developers’ risk management
"To strengthen the confidence of private developers regarding risks...
Budget-26-27:Govt to set up high-level committee on banking for Viksit Bharat, bolster NBFCs
This group will review the entire banking system and suggest...
RBI advises banks to integrate DoT’ s financial fraud technology
Banks and financial institutions can use the Financial Fraud Risk Indicator (FRI) in real time, which classifies mobile numbers based on their association with medium, high or very high risk of financial fraud New Delhi: The Reserve Bank of India has advised all banks...
IRDAI drops plans to tweak existing bancassurance rules for curbing mis-selling by insurers
(L to R)-R Venkatachalam Iyer, MD & CEO Tata AIA, Amit Jhingran, MD & CEO SBI Life, Piyush Pandey, advertising professional, Swaminathan Iyer, member, Life, IRDAI, Kamlesh Rao, MD&CEO,ABSLI, RK Patnaik, MD, LIC, Rushabh Gandhi, MD&CEO India First at an...
Finance ministry asks pvt banks to increase their participation in implementation of govt schemes
M Nagaraju, Secretary,Department of Financial Services "Secretary directed private sector banks to increase their participation in implementation of govt schemes. He stressed upon fast settlement of the claims under Jansuraksha schemes, augmentation of banking...
Generali announces Central Bank as its new joint venture partner in 2 Indian insurance JVs
Generali will be holding a 74% stake while Central Bank of India will be holding up to 26% in the joint venture Jaime Anchústegui, deputy CEO, Insurance, Generali Group, commented: “We are pleased to announce this new chapter for our business in India together with...
Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses
For example, the country's biggest lender State Bank of India may look at listing SBI General Insurance and SBI Payment Services in the future after they scale up their operations.The general insurance arm of SBI has allotted 3,71,693 equity shares of ₹10 each during...
Sitharaman asks PSBs to develop credit models to fund Indian made small modular nuclear reactors
Lto R -M. Nagaraju,secretary,Department of Financial Services, Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs and Minister of State for Finance Pankaj Chaudhary at a high-level meeting in New Delhi to review performance of PSBs Sitharaman...
RBI issues directions on AePS operators onboarding to enhance security
The RBI has asked the acquiring bank to carry out due diligence of all ATOs before onboarding the AePS Touchpoint Operator (ATO), which is the same as the one followed while acquiring a customer, as per the directions. Mumbai: The Reserve Bank on Friday issued...
Insurers have to ensure premiums are reasonable and affordable: DFS secretary
M Nagaraju, Secretary, Financial Services Banks need to ensure that there is no mis-selling of insurance to customer and premium are affordable so as to help increase market penetration for such products New Delhi: Observing that high premiums dissuade people from...
Over 8.5 lakh mule accounts in 700 bank branches used by cyber criminals CBI
The CBI has found that these mule accounts -- established using falsified identification documents -- were primarily used as conduits for siphoning funds from unsuspecting victims. New Delhi: The CBI has detected 8.50 lakh mule bank accounts in over 700 branches...
Warburg Pincus in talks with Premji Invest and SBI to sell its 10 % stake in SBI General
A transaction could value SBI General Insurance at as much as $4.5 billion, the people said. Mumbai: Warburg Pincus is in talks with Premji Invest and State Bank of India about selling them its stake of about 10% in SBI General Insurance Co., according to people...