RBI Deputy Governor Rajeshwar Rao said that bank customers today...
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Customer data with account aggregators completely safe in India: Sitharaman
“There is a need for insurance companies to become a lot more...
LIC projects double digit growth in FY24, plans to launch innovative products: Chairman
"We are projecting double-digit growth over the last year. We are...
Include special allowance in employees’ basic wage for PF deduction: SC
A bench comprising justices Arun Mishra and Navin Sinha dismissed the appeals filed by several companies challenging the decision of the Provident Fund Commissioner clubbing basic pay with special allowances for deduction towards provident fund.
Govt allows one more pension option for left over employees of PSU insurance cos
“Government approves one more pension option for left over employees of public sector insurance companies who joined on or before 28 June, 1995. It would benefit 42,720 employees including 10,720 senior citizens,’’ Jaitley tweeted on Saturday.
Carlyle Group acquires 9 % stake in SBI Life for Rs 4365 cr
Carlyle’s equity for this investment came from CA Emerald Investments, an affiliated entity of Carlyle Asia Partners V, Carlyle’s flagship $6.55 billion fund focused on buyout and strategic investments across a range of sectors in Asia Pacific.Following this transaction, BNP Paribas Cardif and CA Emerald Investments now own 12.8 per cent and 9 per cent of the company, respectively, while SBI remains the majority shareholder with a 62.1% stake in the company.
HDFC Life partners with upGrad to launch a first-of-its-kind online life insurance course
This is a comprehensive 11-month post-graduation program which includes online learning, on-the-job training and internship experience. Post successful course completion, all learners secure a full-time job with HDFC Life
New air passenger charter gives more rights to flyers
The new charter amended the norms for charges incurred by travellers on cancellation and rescheduling of air travel, among others.
IFFCO Tokio Launches India’s First Policy to Protect Bank Locker
The policy offers seven options of sum insured ranging from Rs 3 lakh to Rs 40 lakh and above. The premium rate is affordable with a cover of Rs 3 lakh available at just Rs 300, which is less than Rs 1 per day.
General insurers tie-up with Policybazaar for cashless options on motor policies
J K Garg, General Manager,NIA, said, “As market leaders it is our constant endeavor to provide fast and hassle free claim experience to our customers. We as New India are extremely happy to partner with Policybazaar in this endeavor for providing Cashless settlement option to our customers.”
GDP growth slows to 5-quarter low of 6.6 pc in Q3
The per capita income in real terms (at 2011-12 prices) during 2018-19 is likely to grow to Rs 92,718 as compared to Rs 87,623 for 2017-18. The growth rate in per capita income is estimated at 5.8 percent during 2018-19, as against 5.7 per cent in the previous year
SBI has found fraud worth Rs 7,951.3cr in Apr-Dec: RTI reply
The bank also did not share details of these frauds such a due to phishing/online/debit/credit cards fraudulent transactions or borrowers engaging in fraudulent activities with the borrowed money.
Title Insurance fails to pick up due to high cost
M.S Chockalingam, settlement commissioner, Government of Maharashtra,said,though such a product is already made mandatory in the Act, the state government has to notify the mandatory feature of the product separately.