``Generally, we found the market to be soft with rates either below...
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Regulation
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Japan to give crypto assets legal status as financial products, Nikkei says
As part of the move, crypto assets will be put under insider...
Hinduja Group’s IIHL takes over Reliance Cap as lenders withdraw NCLAT petition
The Committee of Creditors (CoC) of Reliance Capital has informed...
Sebi gives more time to regulated entities for implementing cybersecurity framework
The framework is designed to ensure that Sebi-regulated entities (REs) maintain a robust cybersecurity posture, remain equipped with adequate cyber resiliency measures and can withstand, respond to, and recover from cyber threats, effectively New Delhi: Markets...
IRDAI rejects appeal of general insurers and CBRs to review its collateral based cross border reinsurance norms
Indian general insurers, which will be generating a premium of over three lakh crore rupees in Fy 25, in their detailed representation to the IRDAI, explained that the proposed regulations are reducing choice for the insurers, reducing reinsurance capacity for the...
India denies entry to Russian oil loaded ship over documentation, sources say
The vessel has protection and indemnity (P&I) insurance cover from Russian company Soglasie.Indian refiners buy Russian oil on delivered basis with ship, insurance and other servics arranged by the seller. NEW DELHI: Indian port authorities denied entry to an...
I-T deptt offices to remain open on March 29-31: CBDT
In an order, the Central Board of Direct Taxes (CBDT) said "to facilitate completion of pending departmental work, all the Income Tax Offices throughout India shall remain open on 29th, 30th and 31st March, 2025." Reserve Bank of India (RBI) and IRDAI have also asked...
RBI may cut interest rates further and keep liquidity flush as economy braces for trade turmoil
Sanjay Malhotra, Governor, Reserve Bank of India Since taking office in December, Sanjay Malhotra has reduced interest rates for the first time in five years, injected nearly $60 billion into the banking system, allowed the rupee to slide, and eased restrictions on...
Cyber incidents: IRDAI asks insurers to empanel forensic experts in advance
"In addition…, all regulated entities are required to establish a well-defined procedure/practice to ensure that the forensic auditor/s are empanelled in advance and can be onboarded to conduct forensics and root cause analysis of cyber incident/s without any delay,"...
Regulations should not create unintended barriers for financial inclusion: RBI Guv
``India has made substantial progress on financial inclusion with 94 per cent of adults now having a bank account, It must be ensured that regulations do not create unintended barriers to financial inclusion. We need to be mindful of customer rights and convenience...
Tata AIA’s Swaminathan S. Iyer appointed as Member, Life, IRDAI for 5 yrs
Swaminathan S. Iyer, Member-designate, Life, IRDAI ``The Appointments Committee of the Cabinet (ACC) has approved the Swaminathan to the post of Whole Time Member (Life), Insurance Regulatory and Development Authority of India (IRDAI) for a period of five years from...
S&P cuts India’s FY26 GDP growth forecast to 6.5 pc
"The Reserve Bank of India will cut interest rates by another 75 bp-100 bp in the current cycle, we project. Easing food inflation and lower crude prices will move headline inflation closer to the central bank target of 4 per cent in the fiscal year ending March 2026...
India’s financial system resilient, diverse: IMF report
The report observed that India's insurance sector is strong and growing, with a significant presence in both life and general insurance. The sector has remained stable, supported by better regulations and digital innovations New Delhi: The Indian financial system has...