Rajay Kumar Sinha member, Finance & Investments Indian...
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CBI files case against Anil Ambani, RCom in Rs 3,750 crore LIC case
The case has been registered on the basis of a complaint received...
APR1 Renewals: Reinsuers fight hard to survive soft Indian market
Reinsurers have been surprised with the price drop on risk which...
Govt probes insurers paying excessive distribution commissions without growing business
The Department of Financial services (DFS) has sent letters to general insurers and life insurers through their respective councils- General Insurance Council and Life Insurance Council- after both- the insurance regulator IRDAI and the banking regulator Reserve Bank...
Scheduled commercial banks allowed to become sponsors of Pension Funds
This will enhance competition and safeguard subscriber’s interests. The proposed framework seeks to address existing regulatory constraints that had limited bank participation till now. By introducing a clearly defined eligibility criteria based on net worth, market...
Indian auto industry closes 2025 on firm footing, broad-based sales growth reported in December
Maruti Suzuki India, the largest car maker in India, reported total sales of 217,854 units in December 2025, up from 178,248 units a year earlier. Domestic sales touched an all-time high of 182,165 units, underlining strong demand for compact cars and utility...
GIC Re set to expand its global business in Jan1 renewals
Globally reinsurance buyers enter the January renewal season with strong momentum. Exposures are evolving, demand is growing, capacity is abundant backed by industry capital is at record levels. Despite lingering headwinds, the market is well-positioned to support...
RBI faults Indian insurers’ high-cost distribution strategies
Premium growth in the Indian insurance industry has been increasingly driven by high-cost distribution-led strategies rather than operating efficiency. In non-life sector, commission growth has significantly outpaced other operating expenses, the RBI said mentioned in...
Domestic reinsurance capabilities through regulatory incentives need to augmented:RBI
In its Financial Stability Report, the central bank has cautioned the growing reliance on cross-border reinsurance suggests that the domestic market’s capacity may not be keeping pace with the specialized or large-scale risk transfer needs of Indian insurers,...
Pvt sector insurers pay higher commissions, constraint expansion of insurance coverage:IRDAI & RBI reports
Commission expenses and operating expenses constitute a major part of the total expenses of the general insurance industry, said the IRDAI in its annual report of 2024-25 For the life insurance sector, total commission outgo increased by 18 per cent (whereas the total...
Surgeon in Shanghai remotely operates on 2 patients at Mumbai hospital
The surgeries, a radical prostatectomy and a partial nephrectomy, were conducted recently using the Toumai Remote Robotic Surgery System at the patients admitted at Kokilaben Dhirubhai Ambani Hospital (KDAH) in Mumbai's Andheri area, said the multispeciality...
Centre in consulting with stakeholders on lateral entry requirement impact:DoPT Secretary
Asked if the government was considering forming new rules and procedures on lateral entry recruitment, she said if something comes up in the course of consultation with the ministries and departments, and if there are any requirements on making some modifications and...
Govt releases white paper on democratising access to AI infrastructure
The white paper highlights key enablers aligned with India’s AI governance vision, including expanding access to high-quality, representative datasets; providing affordable and reliable computing resources; and integrating AI with Digital Public Infrastructure (DPI)....