Shalini Pandit, joint secretary,Department of Financial Services...
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Road accident deaths rise to 1.77 lakh in 2024: Gadkari
Gadkari said the government has formulated a multi-pronged strategy...
Govt to seek bids for its $7.1 billion majority stake in IDBI Bank
The federal government and state-owned Life Insurance Corp of India...
Equity MFs inflow drops 26 pc to Rs 29 303 cr in Feb SIP hit 3-month low
Inflows into systematic investment plans (SIP) came at Rs 25,999 crore in February, making it three months low. Before this, SIP inflow was Rs 26,400 crore in January and Rs 26,459 crore in December New Delhi: Inflow in equity mutual funds dropped 26 per cent to Rs...
PB Fintech to infuse Rs 696 crore in arm PB Healthcare Services in FY26
The board approved a proposal to make an investment for an aggregate amount of up to Rs 696 crore in PB Healthcare Services Private Limited, its wholly owned subsidiary, by way of subscribing or purchasing its shares or Compulsory Convertible Preference Shares during...
HC quashes Chennai Metro’s notice to United Insurance Ccompany
Justice N Anand Venkatesh quashed the notice dated September 26, 2024 while allowing a petition filed by United India Insurance Company, which challenged the notice issued by CMRL proposing to acquire a portion of its property Chennai: The Madras High Court on Tuesday...
100% FDI: Govt expects insurance industry to grow at 7.1% annually over next 5 years outpacing global and emerging market growth
This enhanced limit will be available to those companies which invest their entire premium in India, said Pankaj Chaudhary, minister of state, Ministry of Finance in the Lok Sabha. New Delhi: By raising foreign direct investment(FDI) in the Indian insurance sector...
Bima Sugam and Bima Vahaks poise to revolutionise country’s insurance penetration: NIA Chief
l to r-Sushama Anupam, General Manager(GM), New India Assurance(NIA) Surbhi Goel, CEO, Munich Re India branch , Girija Subramanian, CMD, NIA Rohini Hattangadi, bollywood actress and Smitha Srivastava,, executive director,NIA, Mukta Sharma, GM, NIA, at the launching of...
RBI to promote innovations in payment systems with soft touch regulations:Governor
Sanjay Malhotra,Governor , RBI "We will continue to encourage innovation while promoting safety and security through soft touch regulations," the RBI chief said and added that the central bank has adopted a soft-touch approach to regulating the payments ecosystem and...
Irdai permits insurers to undertake transactions in bond forwards for hedging
In a circular on 'Exposure to Forward Contracts in Government Securities (Bond Forwards)', Insurance Regulatory and Development Authority of India (Irdai) said that in view of the RBI's directions and considering insurers requests for introduction of Bond Forwards,...
Social media and digital accounts accessed only in search, survey ops: I-T official
"These powers are only to be executed during the course of a search or survey operation, and that too when the assessee being searched or surveyed refuses to share the passwords for digital storage drives, emails, Clouds and communication platforms such as WhatsApp...
Over 4.3 lakh crop insurance applications rejected in Maharashtra due to discrepancies: Minister
As many as 4,30,443 crop insurance applications under the PMFBY were rejected during the Kharif 2024 season. In comparison, 2,85,468 applications were rejected during the Kharif 2023 season, the minister stated.. Since the scheme's inception in Kharif 2016,...
IRDAI board to meet on Wednesday
Among other issues, the meeting, the last one under chairmanship of Debasish Panda, may consider granting approvals –R2-to the first private sector reinsurance company, Value Attics Reinsurance Limited, set up by Canadian billionaire Prem Watsa’s Fairfax group...