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...
After IMD, Skymet predicts bumper monsoon season, to hit Kerala coast on June 1
Unlike last year, there is no active cyclone around the globe, more so in the Southern Hemisphere abeam Peninsular India, to detract monsoon. The only ‘invest’ area is far to the west, near Madagascar, unlikely to have any impact, said Skymet New Delhi: After IMD,...
IRDAI forms panel to review performance and enhance efficiency of Insurance Ombudsman
The committee will be headed by Shalini Prasad, former special secretary, NITI Aayog and will have tenure of two years. The other members of the panel are- Rakesh Joshi, former whole-time member, IRDAI, Kuldip Singh, former Insurance Ombudsman, Pushpa Girimaji,...
SEBI open to oversight of crypto trade, in contrast to Reserve Bank
Sebi said it could monitor cryptocurrencies that take the form of securities as well as new offerings called Initial Coin Offerings (ICO). It could also issue licenses for equity market-related products, said the person aware of the panel's discussions Mumbai: India's...
General insurers issue around 700 surety bonds for Rs 3000 crore in recent months
So far, NHAI has received 164 Insurance surety bonds consisting of 20 bonds for performance security and 144 bonds for bid securities for implementing its projects New Delhi: After initial hitches, some of the domestic general insurers including New India Assurance,...
Hinduja group seeks time beyond May 27 to pay Rs 9661 crore for acquiring Reliance Capital Limited
According informed sources, CoC in today’s meeting has taken a tough stand and informed Hinduja Group to make the payment by 27th May or action in accordance with the RFRP will be taken whereby CoC can. encash performance bank guarantee of almost Rs. 500...
Rushabh Gandhi to succeed R M Vishakha as MD&CEO of IndiaFirst life Insurance
Rushabh Gandhi, MD&CEO designate, IndiaFirst Life Insurance Rushabh Gandhi has over 29 years of experience in the financial services industry and across national and international markets Mumbai: As planned earlier, the board of IndiaFirst Life Insurance has...
Sebi allows LIC 3-yrs from now to comply with 10% minimum public shareholding norms
The corporation now has to achieve 10 per cent public shareholding on or before May 16, 2027 Mumbai: The capital market regulator Sebi has allowed Life Insurance Corporation(LIC) three more years from now to comply with its minimum public shareholding (MPS) norms of...
Digit raises Rs. 1,176.59 crore from anchor investors
Out of the total allocation of 4,32,57,009 equity shares to the anchor investors, 1,44,96,570 equity shares were allocated to 11 domestic mutual funds through a total of 23 schemes amounting to almost Rs 394.31 crore which is 33.51 per cent of the total anchor book...
SBI Gen unveils first industry-wide policyholder servicing e-platform
Kishore Poludasu, MD & CEO, SBI General Insurance This platform allows customers to aggregate their insurance portfolio through an electronic Insurance Account (eIA) and conveniently manage it through a one-stop digital platform-BIMA Central Mumbai: SBI General...
Advocates cannot be sued under Consumer Protection Act for professional negligence: Supreme Court
A bench presided over by Justice Bela M Trivedi said that the very purpose and object of the Consumer Protection Act, 2019 was to provide protection to consumers from unfair practices and unethical business practices only, adding that the legislature never intended to...