Insurance premium growth forecast in real terms...
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RBI cautions public about ‘deepfake’ video of governor being circulated on social media
In a statement Tuesday, RBI said it has come to their notice that...
CCI restricts WhatsApp sharing data with other Meta entities, imposes $25.4 mln fine
"Sharing of user data collected on WhatsApp with other Meta...
Strengthen framework to curb unethical practices RBI Guv to bank boards
"While such practices may yield short-term gains, they ultimately expose the bank to significant long-term risks, including reputational damage, supervisory scrutiny, and financial penalties,” RBI Governor Shaktikanta Das said in a keynote address at the Conference of...
8th Bima Manthan: IRDAI and Insurers brainstorm implementation of IFRS and Cyber security measures
In an era where digital transformation is reshaping industries, cybersecurity has emerged as a paramount concern, with an alarming rise in cyber threats. There was dialogue on urgency of strengthening Information Systems (IS) security, which emerged as a critical...
UNESCO, IT Ministry host multi-stakeholder consultation on safety, ethics in AI
S Krishnan, secretary, MeitY, highlighted the critical role of the Digital Personal Data Protection Act in advancing responsible AI practices and reaffirmed India’s active participation in international AI forums to balance innovation with regulation New Delhi: India...
General Insurance industry grows 28% to Rs 30,378 crore in Oct
In a note worthy trend, seven stand alone health insurers have now captured 11.58 per cent of the market share in the general insurance industry in the first seven months of the current fiscal. It was 10.20 per cent in the corresponding period of the last fiscal...
IRDA asks general insurers not to report premiums and commission for long term policies at one go
``Currently, only long-term Motor Third Party (TP) premium is booked annually and commissions also paid annually. Otherwise, the entire premium for other long-term policies such as Fire policies for dwellings, Engineering policies for projects, Janata Personal...
IFRS Ready: IRDAI to meet industry honchoes to finalise norms at 2-day Bima Manthan
Debasish Panda, chairman,IRDAI ``It is our endeavour to implement Ind AS (including Ind AS 117) for insurers in India from 1st April, 2027 based on our experience and learnings from the proforma submissions and the communication in this regard will be circulated at an...
Prasun Sikdar joins as Bima Sugam CEO
IRDAI has fixed Apr 19,2025 as the date of the launch of Bima Sugam. E&Y has been roped as a consultant to execute Bima Sugam Mumbai: Prasun Sikdar, the first MD & CEO of Bima Sugam India Federation, has assumed his new charge recently. Sikdar, who was earlier...
Sebi mulls expanding scope of unpublished price-sensitive information
In its consultation paper, Sebi has proposed that only agreements, including shareholder, joint venture and family settlement, that affect the management and control of the firm and are known to the firm should be considered price-sensitive and included in the...
Fraud detection system saves public assets worth Rs 2,500 cr: Scindia
Jyotiraditya Scindia, Union Minister for Communications "In terms of the number of marketing calls you get in your phone, the number of fraud calls that come in, we have put in place a full system to be able to tackle that. Our DoT fraud detection network has saved...
LIC’s net profit rises 4% to Rs18,082 crore in H1FY25, Health JV plans may be completed this fiscal
Siddhartha Mohanty, CEO & MD, LIC LIC's plan to pick up some stakes in a stand alone health insurer is in progress and should be announced in the current fiscal,'' Siddhartha Mohanty, CEO & MD, LIC Mumbai: Life insurance behemoth Life Insurance...