Presiding Officer Gunjan Gupta was hearing a claim petition filed...
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Govt reconstitutes FSIB with 6 new bankers and insurers under chairmanship of former IAS officer Subhas Chandra Lal Das
The three experts for insurance companies are- Siddhartha...
Rogue AI agents broke into Indian firms’ live systems, government says
The disclosure brings India into a growing global debate over how...
IDBI Bank employees, pensioners service conditions protected under deal: DIPAM Secretary
"Under the share purchase agreement, the qualified parties have also agreed that the service conditions of existing employees will remain unchanged...Existing employees and existing pensioners should have no apprehensions, as their service conditions have been fully...
All India Insurance Employees’ Association joins UFBU in opposing sale of profitable IDBI Bank to Fairfax
Several major banks have successfully combined their banking operations with insurance businesses through subsidiary arrangements. Instead of exploring such possibilities, the Government has chosen to facilitate the transfer of control of a public sector bank to...
IRDAI to ensure smooth transition to new commission rules, may launch Public Insurance Registry in Jan 28: Seth
Ajay Seth,chairman , IRDAI "The idea is to allow for an orderly transition from the present system to a better systemThere's absolutely no intention that there should be a disruption for any market player or any individual."Ajay Seth,chairman, IRDAI Insurance...
HDFC Life net profit rises 13.60% to Rs 508 cr in Q2FY27
``We expect to sustain this momentum and grow in line with the industry in FY27.''Vibha Padalkar, MD & CEO, HDFC Life Mumbai:HDFC Life Insurance. the second largest private life insurer, posted a 13.6% rise in quarterly profit on Thursday, helped by higher...
Fairfax plans to merge Digit, IIFL Capital with IDBI Bank to build global financial services major, N. S. Kannan to be bank’s chairman
Prem Watsa, chairman and chief executive officer of Fairfax Financial Holdings, said the acquisition represented a rare opportunity to build a major financial institution in one of the world's fastest-growing economies. Toronto/Mumbai: Fairfax Financial Holdings,...
ICICI Lombard General net profit rises 15.5% to Rs 946 crore in Q2FY27
The insurer's combined ratio was 107 per cent in the July-September quarter as against 105 per cent in Q2 FY2026 The company had an underwriting loosses of Rs 318 crore, up 78 per cent in Q2FY27. Mumbai: With higher premium and investment income, ICICI Lombard General...
Cabinet approves ₹53,428 crore Social Assistance Scheme, amends disability Pension norms
The benchmark disability requirement for availing of the pension has been reduced from 80 per cent to 40 per cent. The minimum age criterion has also been removed, making persons with disabilities eligible for assistance from birth. New Delhi: The Union Cabinet on...
SC mandates insurance for railway counter tickets from Oct 27
A bench of Justices Ahsanuddin Amanullah and R. Mahadevan issued the order while hearing matters related to railway safety, expressing displeasure over the Railways' failure to extend insurance benefits to offline ticket buyers despite repeated opportunities. New...
Govt clears sale of IDBI Bank to Prem Watsa’s Fairfax Financial for Rs 52,878 cr
Currently, the Centre holds 45.48 per cent while holds 49.24 per cent in IDBI Bank Post Fairfax tarnsaction,the Centre will hold 15 per cent while LIC will have a stake of 19 per cent. The government has also authorised the sale of the government's remaining 15 per...
ICICI Life Insurance Q2 profit surges 25% to Rs 374 cr
Sidharatha Mishra, chief operating officer of ICICI Life Insurance,who has been named as new managing director and CEO of the company ``Our commitment is to deliver sustainable VNB growth while balancing business, profitability and risk and prudence.” New Delhi: ICICI...