“The IO shall examine customer complaints which are in the nature of deficiency in service on the part of the bank, that are partly or wholly rejected by the bank,” RBI said in a release.

As many as 14.52 lakh flood-displaced people are living in relief camps across the state.Standing crops on over 57,024 hectares of land were damaged in the southern state. 

In FY18, the insurer settled 266.08 lakh claims amounting to Rs 1.18 trillion. Its claims settlement stood at of 95.36 per cent and maturity claims at 98.04 per cent.

India Post Payments Bank will also facilitate digital transactions and help deliver the benefits of schemes such as Pradhan Mantri Fasal Bima Yojana, which provide assistance to farmers

A division bench headed by Justice Madan Lokur after hearing the all the sides including General Insurance Council, the official representative body of all the general insurers, Road Safety Council in India, had asked the industry to implement its earlier order from Sept 1.

“We are the fastest growing economy.Our economy is back on the track,” Economic Affairs Secretary Subhash Chandra Garg said. He also expressed hope growth could exceed estimates of 7.5 per cent this fiscal year

As on August 26, data which was accessed by showed that more than 4.37 crore returns were filed for the financial year ending March 31 against 3.10 crore returns for the financial year 17-18 (Assessment Year 16-17).