The committee noted that households continue to face significant...
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Climate change driving extreme rainfall in Himalayas, anthropogenic factors adding to risk: Govt
Minister of State for Home Affairs Nityanand Rai said assessments...
Careless AI use could create new forms of financial exclusion, instability:RBI Governor
Reserve Bank of India Governor Sanjay Malhotra said AI built on top...
Assam flood: Over 4.4 lakh people affected in 6 districts, toll remains at 68
No deaths were reported in the past 24 hours, with the toll in this year’s deluge remaining at 68, the ASDMA bulletin said. Guwahati:The flood situation in Assam improved marginally on Monday, with no fresh fatalities reported in the last 24 hours, though 4.45 lakh...
NGT tissues notice to Centre, others over worsening condition of Asia’s largest oxbow lake in Bihar
The bench said the lake, which once covered around 63 sq km, has gradually fragmented into smaller water bodies due to falling water levels and encroachment.It said the matter attracts the provisions of the Environment Act, Biodiversity Act and the Water Act. New...
IRDAI cracks down on 99% Fire Insurance discounts amid pricing war
Although India's general insurance market has been de-tariffed, allowing insurers to determine their own pricing since Apr 1,2024, the IRDAI reminded companies that premiums must remain aligned with board-approved underwriting policies and prudent risk management...
Govt issues advisory for Indian seafarers amid rising Black Sea security concerns
The security situation in and around the Black Sea and adjoining maritime areas remains highly volatile due to the ongoing conflict. Commercial vessels operating in or transiting these waters are facing significant security risks, including missile and drone attacks....
Dark patterns must be eliminated from insurance sector: IRDAI Chairman
Lto R-Narendra Bharindwal, president, Insurance Brokers Association of India (IBAI),K Rajaraman, chairman, IFSCA, Ajay Seth, chairman, IRDAI and Tapan Singhel, MD&CEO, Bajaj Allianz General Insurance at silver jubilee conclave of IBAI on Saturday in New Delhi...
Rising Motor TP losses weighs on NIA’s Q1 results
"The Motor Third Party line of business continued to be under pressure as there was no premium increase while claims inflation continued. The significant spike in the Motor TP loss ratio had a severe adverse impact on the results. The industry is looking forward to a...
BNP Paribas Cardif to acquire 26% stake in IndiaFirst Life from Warburg Pincus
Pauline Leclerc-Glorieux, CEO, BNP Paribas Cardif said "We are very pleased to announce this new partnership with Bank of Baroda, a major bank in India, a key strategic market with a compelling growth opportunity for BNP Paribas Cardif. This transaction will further...
SBI Life posts higher quarterly profit, expects margins to improve
"We have definitely seen the margin bottoming out," SBI Life MD and CEO Amit Jhingran said in a post-earnings call. "Going forward, with higher focus on individual policies, margin is going to be towards the upper range of our guidance." BENGALURU: SBI Life...
Govt to roll out common customer ID for banks, insurers; mutual funds to follow, sources say
The new system, known as Central Know-Your-Customer 2.0 (CKYC), will only require the customer's consent for these institutions to fetch data stored at a central registry when opening an account or updating their details. Mumbai: Indian banks and insurers will launch...
Rekha Jhunjhunwala transfers Star Health shares to promoter LLP in succession-linked move; stock slips
The insurer said Rekha Jhunjhunwala's direct stake declined after 7.82 crore equity shares were transferred to Sitara Partners LLP, a promoter entity in which she is a Designated Partner, following the transmission of shares inherited from the estate of late investor...