The Secretary, Department of Investment and Public Asset...
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RBI issues stricter norms to curb mis-selling of financial products
The regulator also laid out a broad definition of mis-selling,...
Govt allocates over Rs 9,500 crore for AB-PMJAY in FY27
Prime Minister Narendra Modi The government has also expanded...
Health insurance providing financial protection to over 60% of Indian households:Govt Survey
Flagship schemes such as Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (PM-JAY) have played a pivotal role in increasing access to affordable healthcare services, particularly for vulnerable populations.Expansion marks a critical step towards universal health...
DFS launches Common Landing Portal for unclaimed financial assets
M. Nagaraju,Secretary, DFS The portal, accessible at https://www.unclaimedassetsportal.in, serves as a unified platform providing access to search facilities relating to unclaimed bank deposits, insurance claims, shares, dividends and mutual funds available across the...
India expects 2026 monsoon rains to be below average
An El Nino weather effect is likely to develop soon and influence rainfall during the four-month monsoon season from June to September, M Ravichandran, secretary in the earth sciences ministry New Delhi:The India Meteorological Department announced on Friday monsoon...
AIC chief Lavanya Mundayur selected as CMD of New India Assurance
Lavanya Mundayur, CMD, Agriculture Insurance Company The FSIB had interviewed six candidates on Thursday and chose Mundayur for the post of NIA CMD. New Delhi:The Financial Services Institutions Bureau(FSIB), on Thursday, has selected Lavanya Mundayur, 57,CMD,...
SC says right to trauma care of citizens integral part of right to life; passes slew of directions
A bench of Justices J K Maheshwari and A S Chandurkar also directed the states and UTs to establish functional (physical and digital) good samaritan grievance redressal systems with designated nodal authorities at state and district level within three months, and...
Bajaj Finserv to Invest in AI, Tech Startups
"Bajaj Finserv companies will invest Rs 1,500-2,000 crore over a five-year period in startups and early-stage companies with strong scalability potential across AI, cybersecurity, quantum technologies, fintech and consumer technology platforms," the statement said....
Govt prepares Rs10,000 crore LIC stake sale next month
The government plans to sell a stake of about 2% in the state-run insurer in late June or early July to institutional investors.The Department of Investment and Public Asset Management, under India’s Finance Ministry, is working with Goldman Sachs Group Inc., Motilal...
New Mandatory Norms:IRDAI asks insurers to disclose KMP pay metrics, Policyholder Service performance on websites
Ajay Seth, chairman, IRDAI ``Evolving expectations of customers and needs of the economy require us to place greater emphasis on measurable customer outcomes, transparency in decision-making, responsiveness, and sustainable value creation. Accordingly, the revised...
GIC Re Q4 profit rises 3% to Rs 2,254 crore with underwriting profit, pays dividend of Rs 13.25 per share
GIC Re's Combined ratio improved marginally to 103.43 per cent in Q4FY26 from 103.56 per cent a year earlier “On the back of disciplined underwriting, consistent execution, and our strategic approach, we hope and believe that we will continue to improve and perform to...
FSIB to select a new CMD for New India on May 28,6 PSU and Pvt sector officials in race
From PSU insurance sector, Lavanya Mundayur, CMD, Agriculture Insurance Company(AIC), Mini George, executive director(ED),AIC, S Sivasankar,ED, New India Assurance, and from the private sector, Ashok Lahoty,actuary, National Insurance Company,and Prabha Chokani, Head...