Nirmala Sitharaman,Union Finance Minister "We want the regulator...
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HDFC Bank gets RBI approval for up to 9.5% stake in IndusInd Bank
In an exchange filing on Monday, HDFC Bank said that several of its...
Insurance Amendment Bill, 2025:IRDA members’ retirement age raised from 62 to 65
Despite the Bill to hike FDI in the insurance sector to 100 per...
Prudential appoints Naveen Tahilyani as its regional CEO for India and Africa
Naveen Tahilyani Earlier, Prudential plc had announced its plan to establish a joint venture with Vama Sundari Investments (Delhi) Private Limited (Vama), an HCL Group's Promoter Company, for an Indian standalone health insurance company London: UK major Prudential...
Bajaj Group get CCI’s nod to acquire Allianz’s 26 pc stake in insurance JVs for Rs 24,180 cr
"CCI approves the proposed combination involving acquisition of stake in Bajaj Allianz Life Insurance Company, Bajaj Allianz General Insurance Company and Bajaj Allianz Financial Distributors by Bajaj Finserv, Bajaj Holdings & Investment and Jamnalal Sons," the...
SBM Bank, ICICI Prudential Life forge bancassurance alliance
SBM Bank India and ICICI Prudential Life Insurance Company have entered into a bancassurance partnership to offer an array of life insurance products to the bank's customers. This tie-up will enable the bank to cater to its customers a diverse set of solutions ranging...
LIC nominee director Raj Kumar ceases to hold IDBI board seat
IDBI Bank on Monday said LIC Nominee Director Raj Kumar has ceased to hold the board seat with effect from May 18. "Raj Kumar has ceased to be LIC Nominee Director on the Board of IDBI Bank Limited with effect from May 18, 2025 on completion of his term," IDBI Bank...
Govt clears appointment of Patnaik and Pant as new LIC MDs, Interview for a new CEO soon
FSIB will conduct interview soon of all MDs for selecting a new MD & CEO in place of Siddarth Mohanty in June after Patnaik and Pant take over their new positions The MDs who will be appearing for the FSIB interview are-Sat Pal Bhanoo, Ramachandran Doraiswamy,...
Apollo 24|7 forays into online insurance distribution, plans to launch products from 12 insurers
It has secured regulatory approval to operate as a corporate agent and will soon begin distributing Health, Life, and General Insurance products on its platform for its customers, said Apollo HealthCo CEO Madhivanan Balakrishnan. All plans will be bundled with...
Need to further strengthen financial inclusion initiatives: FM Sitharaman
Finance Minister Nirmala Sitharaman As of March 19, PMJJBY has enrolled 23.36 crore individuals. During the decade, the scheme processed 9,37,524 claims, of which 9,05,139 claims were successfully disbursed, releasing a total sum of Rs 18,102.78 crore. New Delhi:...
PMJJBY’s cumulative enrollments surge to 23.64 cr till Apr,25: Centre
“PMJJBY cumulative enrolments surged by 699 per cent, from 2.96 Cr (March 2016) to 23.64 Cr (April 2025), securing millions of lives under the Jansuraksha umbrella,” the Ministry of Finance said in a post on social media platform X. New Delhi: The cumulative...
Bajaj Allianz Life announces a record bonus of Rs1,833 crore for FY 25
Bajaj Allianz Life Insurance, one of India’s leading private life insurers, has announced a record bonus of ₹1,833 crore for the financial year 2024–25 (FY25), its highest ever to date. This marks a significant 32% increase over the ₹1,383 crore bonus declared in...
LIC to see a major make over of its top management within a month
Out of five existing managing directors, three including MD and CEO Siddarth Mohanty will be retiring by the first week of June It is expected that the FSIB will conduct interview for selecting a new MD & CEO in place of Mohanty in June after two new MDs,Dinesh...