According to SEBI’s release, companies with a market capitalisation...
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Public must use “look, touch, and feel” method to verify notes: RBI
M Rajeshwar Rao,Deputy Governor , RBI According to an official...
IRDAI suspends a junior official for financial misconduct
IRDA’s order for suspending Sastry signed by Raja K Sinha , member,...
Thousands of accounts at Paytm Payments Bank set up improperly – sources
The Reserve Bank of India (RBI) is concerned that some of the accounts could have been used for money laundering, Multiple accounts at Paytm Payments Bank were linked to the same identification proof and that transactions in those accounts ran into millions of rupees....
RBI cautions public against frauds in KYC updation
In case of financial cyber frauds, members of public should immediately lodge a complaint on the National Cyber Crime Reporting Portal (www.cybercrime.gov.in) or through cybercrime helpline (1930) Mumbai: In the wake of continuing incidents/ reports of customers...
Europe within reach of landmark AI rules after nod from EU countries
Tech lobbying group CCIA which counts Alphabet's Google , Amazon, Apple and Meta Platforms as members, warned of roadblocks ahead Europe on Friday moved a step closer to adopting rules governing the use of artificial intelligence and AI models such as Microsoft-backed...
IRDAI asks insurers to put in place Climate Risk Management framework by Apr 1
As part of the Board’s internal governance practices, the Board has to consider and adopt appropriate steps and measures towards succession planning through a process of proper identification and nurturing of individuals for taking up directorship and KMP (Key...
Insurers need not seek its prior-approval for going public: IRDAI
The IRDAI will soon provide more clarity on capital structure of the applicants seeking new registration and provide more clarity on applicability of requirement of prior- approval for transfer of shares Hyderabad: Announcing some key measures, Indian insurance...
IRDAI asks insurers to cover AYUSH treatment in health policies
With a board-approved policy guidelines for AYUSH coverage and the IRDA has asked the general insurer to give policyholders an option to choose a treatment of their choice between Allopathic Treatment or AYUSH Treatment Hyderabad: In a bid to provide health insurance...
IRDAI: Sinha joins as member,Finance, Nithiyanantham promoted as ED
Sinha is now expected to play a key role in processing applications of new players, who have applied for the licenses , numbering over 20, and implementing regulator's key innovative tech platforms like Bima Sugam and Bima Vistaar, which were piloted by his...
Burman family raises stake in Religare Enterprises to 25%
Mohit Burman, chairman, Dabur India The acquirers of Raligare are controlled by members of the Burman family, which has investments across various sectors such as home healthcare, restaurants, insurance(Care Health Insurance), consumer goods, FMCG, etc. New Delhi: The...
Banks and insurers to lose reprieve from EU’s toughest ESG rule
The European Parliament and the European Council are moving toward an agreement that banks, asset managers and insurers should be viewed in the same way as other companies when it comes to ensuring that their value chains aren’t subject to environmental or human...
India ranks 93rd among 180 countries in Global Corruption Index 2023: Report
"Countries with continued high scores, such as New Zealand (3) and Singapore (5), maintain their positions at the top of the index globally, followed closely by other countries with stronger corruption control mechanisms, such as Australia (14), Hong Kong (14), Japan...