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GIC Re pays Rs 1,445 crore of dividend to govt in FY24-25
(L to R) - V. Balkrishna, CFO, GIC Re, Parshant Kumar Goyal, joint...
Govt hikes fitness test fee for over 20-year-old motor vehicles
The Ministry of Road Transport & Highways (MoRTH), in a latest...
SBI Life picks up 10 pc stake in Bima Sugam India Federation for Rs 6.6 cr
Bima Sugam India Federation, an unlisted company, incorporated on June 18, 2024, aims to create and operate a centralised marketplace of insurance products and services. It is currently in the process of mobilising over Rs 200 crore of capital from both life and...
Airlines to mandatorily share int’l passenger data with customs from Apr 1
Details ranging from mobile number, and payment mode to travel itinerary need to be shared with the authorities 24 hours before the departure of an international flight New Delhi: Airlines will have to mandatorily share details of foreign travellers with the Indian...
Prospects of economy expected to improve in 2025: RBI Governor
"We continue to secure and anchor public trust and confidence to support India’s aspirational goals. We remain committed to developing a modern financial system that is customer-centric, technologically leveraged and financially inclusive," the new RBI Governor Sanjay...
Health insurers disallowed claims worth Rs 15,100 cr during FY24
Insurers repudiated claims amounting to Rs 10,937.18 crore (9.34 per cent) while outstanding claims totalled Rs 7,584.57 crore (6.48 per cent), said the annual report 2023-24 of Insurance Regulatory and Development Authority of India New Delhi: Health insurers...
High employee attrition of 25% in private banks pose operational risk: RBI
"High attrition and employee turnover rate pose significant operational risks, including disruption in customer services, besides leading to loss of institutional knowledge and increased recruitment costs. In various interactions with banks, the Reserve Bank has...
Climate change risks impacting financial system, need India-specific data: RBI’s Dy Gov
“Over the last few years, we have taken several incremental measures in this direction. It started with the setting up a dedicated group within the Bank to assess climate change risks and foster a robust ecosystem for sustainable finance,” said Reserve Bank of India...
FIIs remain net investors in India this year amid robust economy, resilient market
“An important characteristic about FII investment is that they have been consistent investors of equity through the primary market. In December through 27th, FIIs invested Rs 17,331 crore through the primary market,” said V.K. Vijayakumar, Chief Investment Strategist,...
Micro insurance premium in life segment rises 24% to Rs 10,000 crore in FY24
The number of persons covered under the scheme stood at 178.39 million New Delhi/Hyderabad: The micro-insurance premiums in the life insurance sector in the country has surpassed Rs 10,000 crore for the first time in FY24, according to industry data. The number of...
Karnataka HC directs registrar to issue revised birth death certificates for transgenders
Justice Suraj Govindaraj issued these orders while resolving a petition from a 34-year-old transgender woman who had her gender reassignment surgery and sought to update her name and gender on her birth certificate. The Mangaluru City Corporation's Registrar of Births...
NGT calls for safe disposal system of used solar panels, asks govt’s reply
The matter was raised through a letter petition highlighting the environmental risks posed by discarded panels and the need for an organized system for their proper handling and management. As solar panels become increasingly popular, particularly in rural areas,...