Federal Bank has increased equity stake in Ageas Federal Life...
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Regulations should not create unintended barriers for financial inclusion: RBI Guv
``India has made substantial progress on financial inclusion with...
New India partners with BoI for distributing its products
L to R -PR Rajagopal, ED BOI, Girija Subramanian CMD, NIA, Mukta...
Ransomware attack forces hundreds of small Indian banks offline, sources say
The attack affected C-Edge Technologies, a provider of banking technology systems to small banks across the country, they said MUMBAI: A ransomware attack on a technology service provider has forced payment systems across nearly 300 small Indian local banks to shut...
ICICI Lombard General to partner with Karnataka Bank
ICICI Lombard has announced its collaboration with Karnataka Bank.The entire range of insurance products of ICICI Lombard General Insurance will now be accessible across Karnataka Bank's 915 branches, reaching over 13 million customers nationwide.
Eco-Survey: Banks and insurers must avoid mis-selling and address grievances to keep financial system healthy
Commercial banks and insurance companies, even as they aim to achieve greater market penetration, must keep in mind levels of financial literacy in the country, avoid over lending mis-selling and address grievances, such that the financial cycle stays healthy as long...
Household savings are choosing mutual funds, insurance and pension funds over banks to invest savings: RBI Governor
``While bank deposits continue to remain dominant as a percentage of the financial assets owned by the households, their share has been declining, with households increasingly allocating their savings to Mutual Funds, Insurance Funds, and Pension Funds" New Delhi:...
LIC ties up with IDFC First Bank for bancassurance
LIC has tied-up with IDFC First Bank, under corporate agency arrangement. This tie-up will facilitate more than 1 crore customers of IDFC First Bank who will now be able to buy LIC policies through the bank. The partnership will have a combined strength of a vast...
Consumer commission slaps Rs50k fine on insurance company for deficiency in services
Taking note of the evidence before it, the commission comprising President Inder Jeet Singh observed that the denial of the claim by the insurance company was "arbitrary, without any valid ground and contrary to the terms and conditions of the policy", besides...
Banks to publish crypto asset exposure from 2026, global regulators say
“These disclosures aim to enhance information availability and support market discipline,” the Basel Committee on Banking Supervision said in a statement Global banking regulators have approved templates for banks to disclose their exposure to crypto assets from...
IDFC First Bank raises Rs 3,200 cr by selling shares to LIC, 5 other insurers
The names of the six companies to whom shares have been allotted are Life Insurance Corporation of India, HDFC Life Insurance Company, Aditya Birla Sun Life Insurance Company, Bajaj Allianz Life Insurance Company, ICICI Lombard General Insurance Company and SBI...
Government working on aggregation of CA firms, accounting standards for insurance sector
Apart from the aggregation of CA (Chartered Accountants) firms, the corporate affairs ministry is also working on having accounting standards for the insurance sector and Limited Liability Partnerships (LLPs), Corporate Affairs Secretary Manoj Govil said New Delhi:...
Australia approves ANZ’s $3.3 bln buyout of Suncorp Bank
ANZ CEO Shayne Elliott said the deal will allow it to add scale to its retail and commercial businesses, enabling ANZ to more effectively compete in the Australian market Australia on Friday gave the go-ahead for ANZ Group’s A$4.9 billion ($3.26 billion) buyout of...