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RBI proposes ban on 3rd‑party sales incentives to bank staff to curb mis-selling
The RBI mandated banks to refund the entire sum where mis‑selling...
Govt deliberates on roadmap for Financial Inclusion 2.0
M. Nagaraju, Secretary, Department of Financial Services Nagaraju...
ICICI Lombard Q3 net profit surges 68% to Rs 724 cr in Q3FY25
Sanjeev Mantri, MD & CEO, ICICI Lombard General Insurance The underwriting loss of the general insurer narrowed to Rs 152.3 crore from Rs 283.44 crore in Q3 FY24. Among portfolios, except Fire and Crop , rest of the portfolios like Marine , Health and Motor...
SBI Life Insurance reports a 71% rise in net profit at Rs 551 crore for Q3FY25
SBI Life's expense of management increased during the quarter to Rs 2,417 crore as compared to Rs 2,188 crore in the third quarter of the previous fiscal Mumbai: SBI Life Insurance on Friday reported a 71 per cent rise in net profit at Rs 551 crore for the third...
SC stays order asking Delhi govt to sign MoU over Centre’s health scheme
In its order passed on December 24 last year, the high court referred to the minutes of the meeting held in December 2024 and noted the PM-ABHIM would have to be implemented in its entirety to ensure Delhi residents were not deprived of the funds and facilities under...
Maharashtra to set up Innovation City on lines of GIFT City: CM Fadnavis
Chief Minister Devendra Fadnavis said this initiative would create a hub for technology and innovation, providing fertile ground for start-ups, particularly in emerging areas such as artificial intelligence (AI). Mumbai: Chief Minister Devendra Fadnavis on Thursday...
Country can’t afford to take cyber security resources from even friendly country: IT Secretary
"There is a crucial story, especially in something like cyber security. The crucial story is that you have to have an independent resource within the country. You can't afford not to have it. This is not something where you can actually take it from other countries....
Make faulty road construction non-bailable offence: Gadkari
According to the minister, the ministry data of road accidents in 2023 shows five lakh mishaps in the country resulting in 1,72,000 deaths. "Of this, 66.4 per cent, or 1,14,000, were in the 18-45 years age bracket while 10,000 deaths were of children," Union Road...
AM Best maintains stable outlook on India’s non-life insurance segment
“We expect that India’s non-life premium growth will be bolstered over the medium term by the country’s economic development, rising insurance demand, and regulatory initiatives which are designed to increase insurance penetration and promote financial inclusion,”...
Wish to bring as many Indians into market ecosystem to help in wealth creation: Buch
"'… a system that is efficient but is exclusive does not serve the nation. We wish for our market ecosystem to be inclusive and to bring as many citizens of the country into the fold and into the opportunity of wealth creation for our nation," Sebi chairperson Madhabi...
India evaluating impact of proposed US restriction on AI chip export: Sources
The proposal has no restriction for 18 key allies of the US, which have been clubbed under Group 1, but there are restrictions on the quantity that can be exported to other countries under Group 2, including India New Delhi: India is evaluating the impact of the US...
90k salaried individuals withdraw wrongful tax deductions: Rs 1,070 cr
During investigation, it was revealed that such individuals are employees of organisations operating in diverse fields including PSUs, big corporations, MNCs, LLPs, Private Ltd Companies, etc, sources said. Also, most of them who claimed wrongful deductions were...