This Memorandum of Understanding (MoU), signed on June 26, lays the...
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RBI advises banks to integrate DoT’ s financial fraud technology
Banks and financial institutions can use the Financial Fraud Risk...
Covid vaccination prevented sudden deaths, did not cause them: ICMR-NIE Director
The findings of our study indicated that Covid vaccination was not...
Lenders of Reliance Capital to meet on Monday to consider bidders’ concerns
Both the bidders Torrent Investment and IndusInd International Holdings Ltd (IIHL) of Hinduja Group want finality, certainty, transparency, no negotiation in value or on terms and conditions, after the second round of auction is over, they said. Mumbai: Ahead of the...
Joshimath still to see enough long-term measures to address land subsidence, say experts
An environment expert, requesting anonymity, said satellite data analysis and geophysical subsurface investigation suggested that the crisis in Joshimath was caused by underground hydrological imbalance Demands of the Joshimath Bachao Sangharsh Samiti include...
Finmin explores options to allow firms to deploy blended finance instruments for green projects
The use of blended finance promotes investments in new and emerging sectors and it attracts commercial capital towards projects that contribute to sustainable development, while providing financial returns to investors, the sources said, adding, it holds the potential...
Pune court convicts 11 accused in Cosmos Bank cyber fraud case
As per the case details, hackers stole information of the Cosmos Bank's VISA and RuPay card customers through a malware, attacked the SWIFT system (a vast messaging network banks used by financial institutions) and siphoned off more than Rs 94 crore on August 11 and...
Govt likely to announce retail trade policy, accident insurance scheme for GST-registered traders soon
India is the world's fifth-largest global destination in the retail space. The commerce and industry ministry along with the department of financial services is also working on framing an insurance scheme for all the GST-registered retail traders New Delhi: The...
ICICI Pru Life’s net grows 30% to Rs 235 crore in Q4FY23, VNB up 36%
N S Kannan, MD & CEO, ICICI Prudential Life Insurance said, “In April 2019, we had articulated our aspiration to double the FY2019 Value of New Business (VNB) in four years. We have successfully delivered this with a VNB of Rs 27.65 billion and industry leading...
HDFC Bank can increase stakes in HDFC Life & HDFC ERGO to over 50%:RBI
HDFC Bank or HDFC can increase shareholding in HDFC Life Insurance Company and HDFC ERGO General Insurance Company to over 50 per cent prior to the effective date of the merger Mumbai: In a mixed bag for HDFC Bank ahead of the parent HDFC's merger with itself, the...
CBI asks ex-J&K governor Satya Pal Malik to answer queries related to insurance ‘scam’
Satya Pal Malik,former Governor, Jammu and Kashmir Unknown officials of the finance department of the government of Jammu and Kashmir, by abusing their official positions in a conspiracy and connivance with Trinity Reinsurance Brokers Limited, Reliance General...
SBI Gen’s net profit jumps 40% to Rs184 cr in FY23
Kishore Kumar Poludasu, MD & CEO, SBI General Insurance, said, “SBI General has continued to grow steadily in FY 22-23, and has achieved a milestone of being one of the early companies to...
Kshema General Insurance appoints Vyasa Krishna Burugupalli as its MD & CEO, to focus on Agriculture & Food Sectors
Vyasa Krishna Burugupalli, MD &CEO, Kshema General Insurance Company Hyderabad: Kickstarting its operations, Kshema General Insurance Company, the country's newest general insurance company with an exclusive focus on agriculture, has appointed Vyasa Krishna...