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RBI issues norms for internal ombudsman in banks, NBFCs
The directions have been issued with a view to strengthening the...
HDFC Life’s net profit remains flat at Rs 421 crore
Vibha Padalkar, managing director and CEO of HDFC Life, said, “The...
New SEBI Chairperson Pandey’s four-point mantra — trust, transparency, teamwork and technology
"We work for trust, we work for transparency, we work for teamwork, and we work for technology. We will continue to create one of the best market institutions in the world," Pandey told journalists Mumbai: The new SEBI Chairperson, Tuhin Kata Pandey, has a four-point...
FPIs withdraw Rs 34,574 cr from equities in Feb; total outflow hits Rs 1.12 lakh cr in 2025
"Elevated valuations of Indian equities, alongside concerns about corporate earnings growth, have led to a sustained outflow of FPIs," Vipul Bhowar, Senior Director - Listed Investments, Waterfield Advisors, said. New Delhi: Foreign investors have pulled out Rs 34,574...
Compensate construction workers affected by Grap even if no court order: SC
The bench said, "As far as 2024 and 2025 are concerned we have issued directions to the state to pay compensation. We make it clear that hereafter whenever the construction activities are required to be closed due to implementation of Grap measures, compensation shall...
From April 1, no sale of petrol to vehicles older than 15 years: Delhi Minister Sirsa
Addressing media persons after a meeting, Delhi Forest and Environment Minister Manjinder Singh Sirsa ,said, “Special gadgets are being installed at petrol pumps to identify vehicles older than 15 years so that they are not sold fuel.” New Delhi: Delhi Forest and...
PSU general insurers promote record number of officials to fill up post of GMs and DGMs
GIPSA, the coordinating agency for the six PSU companies, has completed the largest ever promotional exercises in the industry and published the results to fill up 30 post of general managers and 97 deputy general mangers(DGMs) New Delhi: After creating a...
Status Quo: IRDAI retains general insurers’ Obligatory Cession for GIC Re at 4% in FY26
The percentage cession of the sum insured on each general insurance policy to be reinsured with the Indian Re-insurer (GIC Re), will be 4% (four percent) during the financial year beginning from 1st April, 2025 to 31st March, 2026, except the terrorism premium and...
EPFO retains 8.25 pc interest rate on employees’ provident fund deposits for 2024-25
The retirement body had paid 50.8 million claims worth Rs 2.05 lakh crore in 2024-25, up from 44.5 million claims totaling Rs1.82 lakh crore in the previous year. The 8.25 per cent interest rate in 2023-24 was based on EPFO’s record investment income of Rs 1.07 lakh...
IRDAI issues norms allowing insurers to use derivatives for hedging their equity portfolios
In line with these guidelines, insurers will be able to buy hedges in stock & index futures and options against their holding in equities subject to the exposure and position limits. The equity derivatives shall be used only for hedging purpose. Any OverThe...
AM Best affirms credit ratings of ICICI Lombard General Insurance
Despite its lack of underwriting profitability, ICICI Lombard has consistently outperformed India’s general insurance market. Underwriting performance showed a slight improvement in fiscal year 2024, mainly due to lower claims for motor and health insurance, although...
Govt appoints Fin Secy Tuhin K Pandey as new Sebi chief for 3 yrs
Tuhin Kanta Pandey, Chairman, Sebi IRDAI chief Debasish Panda will also complete his three-year tenure on Mar 14 and it is yet to be know whether the government will extend his tenure at the Indian insurance regulatory body New Delhi: The government on Thursday...