It captures the level of financial inclusion using data from...
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Banks need to build resilience against cyber threat: DFS Secretary
Financial Services Secretary M Nagaraju Launched in December 2024,...
RBI to issue climate risk disclosure rules for banks soon
As part of the central bank's climate disclosure rules, banks will...
RBI holds rates steady but eyes food price spike; signals tighter policy
Shaktikanta Das,Governor,Reserve Bank of India "Liquidity plays a major role with regards to inflation – both in pushing up inflation and controlling inflation," RBI Governor Shaktikanta Das said, explaining the decision."While inflation has moderated, the job is...
Wall Street WhatsApp, US texting fines by SEC exceed $2.5 billion in
As part of the settlements, the companies admitted that their employees had used platforms like iMessage, WhatsApp and Signal to discuss business. The companies didn’t maintain sufficient records, according to the SEC. The CFTC said it found similar violations. Wells...
Star Health ties-up with Standard Chartered Bank
Star Health and Allied Insurance has collaborated with Standard Chartered Bank to offer health's insurance products through their extensive branch network across India. Star Health will make its top-notch health insurance products readily accessible to customers via...
ICICI Bank receives RBI nod to raise its stake in ICICI Lombard General Insurance by another 4%
The bank currently holds a 48.02 per cent stake in ICICI Lombard General Insurance Company and would acquire at least a 2.5 per cent stake out of the 4 per cent to make the insurer its subsidiary before September 9, 2024 Mumbai: Banking regulator Reserve Bank of...
Centre extends PM crop insurance scheme registration deadline, August 10 last date in UP: Official
So far, more than 3 crore farmers across the country have registered for the PMFBY for 2023 Kharif season, according to the data New Delhi: The Centre has extended the deadline for registration under Pradhan Mantri Fasal Bima Yojana (PMFBY), with the last date for...
Cyber fraud victims should be immediately compensated by financial institutions: Parliamentary panel
“What we have suggested is if the consumer files a complaint that they have been the victim of cyber crime fraud, then they should automatically get the money back into their accounts. Up to a certain limit of course. The onus should be on the financial institutions...
Max life ties up with South Indian Bank for selling insurance products
Max Life Insurance has announced its partnership with South Indian Bank, a private sector bank in India. Through this partnership, SIB customers will now have access to an extensive range of Max Life Insurance’s products tailored to meet their specific needs,...
RBI reviews risks to Kotak Mahindra Bank’s stability from its 2 insurance subsidiaries: Report
The bank however has termed claims made in this report "completely incorrect and baseless" Kotak Mahindra's holdings in units - Kotak Mahindra Life Insurance Co. and Kotak Mahindra General Insurance Co. - are also under review as the central bank assesses the banks'...
Reliance General Insurance receives Rs 200 cr capital from its promoter
Rakesh Jain, CEO of Reliance General Insurance said, "With this capital infusion, we are well-equipped to seize opportunities, innovate, and continue providing best-in-class insurance solutions." Mumbai: Reliance General Insurance Company Ltd (RGICL), in a strategic...
Govt pats IRDAI for unveiling a slew of reforms in insurance industry
(L to R) Neerja Kapur, CMD, New India Assurance, Debasish Panda, chairman, IRDAI, Vivek Joshi,secretary, Department of Financial Services at NIA's 105th foundation day celebration in Mumbai on Friday ```The government is very supportive of the amendments and changes...