India is planning to provide a guarantee of about 90 per cent on...
Category:
Indian News
Latest
Sebi wants independent directors to adopt ‘constructive approach’
Tuhin Kanta Pandey, chairman,Sebi In the comments that came weeks...
SC warns insurers on not taking legal action on fraud claim cases
The SC Bench comprising Justices Ahsanuddin Amanullah and R....
FSIB panel headed by BS Sharma gets one year extension
For insurance sector appointment, Usha Sangwan, former Managing Director, LIC, A.V. Girija Kumar, former Chairman and Managing Director, Oriental Insurance Company Ltd and Sujay Banarji, former whole-time member (distribution), IRDAI, too have been given extension as...
Finance ministry asks pvt banks to increase their participation in implementation of govt schemes
M Nagaraju, Secretary,Department of Financial Services "Secretary directed private sector banks to increase their participation in implementation of govt schemes. He stressed upon fast settlement of the claims under Jansuraksha schemes, augmentation of banking...
Generali announces Central Bank as its new joint venture partner in 2 Indian insurance JVs
Generali will be holding a 74% stake while Central Bank of India will be holding up to 26% in the joint venture Jaime Anchústegui, deputy CEO, Insurance, Generali Group, commented: “We are pleased to announce this new chapter for our business in India together with...
T’gana pharma plant explosion: Sigachi says unit fully insured, assures support to affected persons
"The Hyderabad facility is fully insured, and we are in the process of initiating the necessary claims as per standard procedures. We remain committed to resuming operations at the earliest, with enhanced focus on safety, risk mitigation, and operational excellence,"...
LIC CEO Bhanoo seeks govt push for taking insurance education to cities and schools across India
P. Jaipuria, secretary general, Insurance Institute of India, S.N. Bhattacharya, Secretary General, Life Insurance Council, Sat Pal Bhanoo, CEO & MD (In-charge), Life Insurance Corporation, Inderjeet Singh, Secretary General Insurance Council, Kavita...
S&P revises its outlook on GIC Re South Africa to positive from stable
The affirmation of the ratings on GIC Re SA reflects S&P's expectation that the insurer will continue to benefit from ongoing financial and operational support from its wholly owned parent, GIC Re . GIC Re SA benefits from rating uplift due to the support of its...
AAIB also probing sabotage angle in Air India plane crash: Minister
Minister of State for Civil Aviation Murlidhar Mohol said the Aircraft Accident Investigation Bureau was conducting a full inquiry. It is being probed from all angles, including any possible sabotage. CCTV footage is being reviewed, and several agencies are involved....
95 crore people now benefiting from social security schemes: PM Modi
“Today, around 95 crore people of the country are getting the benefit of some or the other social security scheme; whereas, till 2015, the government schemes were reaching less than 25 crore people,” Prime Minister Narendra Modi said. New Delhi: Prime Minister...
Nine labourers go missing in landslide triggered by cloudburst in Uttarkashi
In view of continuous heavy rainfall in the state and the possibility of landslides, the Chardham Yatra has been postponed for a day as a precautionary step for the safety of the pilgrims which is paramount, Garhwal Commissioner Vinay Shankar Pandey said. Devotees...
Finmin asks public sector banks to monetise investments in subsidiaries via listing on bourses
For example, the country's biggest lender State Bank of India may look at listing SBI General Insurance and SBI Payment Services in the future after they scale up their operations.The general insurance arm of SBI has allotted 3,71,693 equity shares of ₹10 each during...