(Lto R) R Doraiswamy, CEO &MD, LIC, CS Shetty,Chairman, SBI and...
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Stanchart launches health and wellness offerings for high- net-worth clients in partnership with Niva Bupa
Recognising the growing demand among Indian consumers for...
RBI proposes ban on 3rd‑party sales incentives to bank staff to curb mis-selling
The RBI mandated banks to refund the entire sum where mis‑selling...
SBI aims to be Net-Zero by 2055: Setty
C S Setty, Chairman ,SBI Mumbai: State Bank of India Chairman C S Setty on Sunday said the largest Indian lender is targeting to be Net-Zero by 2055. The bank, the largest in the country, will be celebrating its centenary year of existence then, he said. Setty made...
Former RBI governor Shaktikanta Das appointed as Principal Secy-2 to PM Modi
Shaktikanta Das, Principal Secretary-2 to Prime Minister Narendra Modi `Das will the Principal Secretary-2 to PM-with effect from the date of he assumes office. His office will be co-terminus with the term of PM,’’ said the ACC order. New Delhi: The government...
RBI launches mobile app offering access to Indian economic financial data
Further, the app's 'Banking Outlet' section will help users find banking facilities within 20 kilometres of their location and they can also access data about SAARC countries through the 'SAARC Finance' Mumbai: Reserve Bank on Tuesday launched mobile application...
IRDAI forms high powered panel under former SBI chief Dinesh Khara to suggest measures for insurance reforms
Dinesh Khara, former chairman, State Bank of India Panel will look into various aspects of Insurance Act 1938 and suggest amendments The other members of the panel are-N. Kannan , former CEO ICICI Prudential Life Insurance, Saurabh Sinha, former executive director,...
IRDAI unveils Bima-ASBA for issuing life and health policies from March 1
Under Bima –ASBA facility, transfer of money from the prospect to the insurer happens only when policy is issued. Amount towards insurance premium will be debited from the customer's bank only after the insurer decides to accept the proposal. One-time manadate through...
DICGC’s cover on bank deposit beyond Rs 5 lakh, Bill allowing Composite licenses soon, says DFS Secy
Union Finance Minister Nirmala Sitharaman is launching Mutual Credit Guarantee Scheme for MSMEs in Mumbai on Monday Govt asks private life insurance companies to increase the free look period for policyholders from one month to one year. The Centre is working on more...
Govt planning to use AI for identifying mule accounts to check cybercrime: Amit Shah
Amit Shah, Union Home Minister Union Home Minister Amit Shah said efforts are underway to use Artificial Intelligence (AI) for identifying mule accounts, in coordination with the Reserve Bank of India (RBI) and all banks to establish a system for their detection, an...
IRDAI chief to meet insurance industry CEOs for Bima Sugam and Bima Manthan on Feb 12-14
Debasish Panda,chairman,IRDAI The IRDAI, on Feb 12, is expected to do a plain speaking to the insurers who have not taken their Bima Sugam job seriously. IRDAI chairman Debasish Panda will address CEOs of non-life insurance companies on 13th Feb and life companies...
RBI allows insurers to deal with interest rate derivative products
``Such forward contracts will enable long-term investors such as insurance funds to manage their interest rate risk across interest rate cycles. They will also enable efficient pricing of derivatives that use bonds as underlying instruments,'' said Sanjay Malhotra,...
Cyber security: RBI introduces ‘bank.in’ as exclusive internet domain for Indian banks
With increased instances of fraud in digital payments becoming a significant concern, this initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure financial services, thereby enhancing trust in digital banking...