Patrick Tiernan, CEO-designate, Lloyd's “My primary focus will be...
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Govt notifies cashless treatment scheme for road accident victims nationwide
"Any person being a victim of a road accident arising out of the...
CII releases guidebook on effective adoption governance of AI for board leaders
It encompasses basic concepts related to AI, its use in various...
TikTok fined 345 million euros over handling of children’s data in Europe
It is the first time ByteDance-owned TikTok has been reprimanded by the DPC, the lead regulator in the EU for many of the world's top tech firms due to the location of their regional headquarters in Ireland Dublin: TikTok has been fined 345 million euros ($370...
RBI says 15 large NBFCs to comply with enhanced regulatory requirements
Besides LIC Housing Finance, Bajaj Finance, Shriram Finance and Tata Sons, others in the list include L&T Finance, Piramal Capital & Housing Finance, Cholamandalam Investment and Finance Company Mumbai: Reserve Bank of India on Thursday said 15 large NBFCs,...
AI regulations: Key considerations to ensure customer protection without compromising innovation
Despite the benefits AI offers to both customers and insurers, however, there are concerns around privacy and the risk of potential discrimination, as well as the lag between the pace of development of AI technologies and corresponding regulatory frameworks, cautioned...
China sentences former head of its largest life insurer to death with a 2-yr reprieve
Wang Bin, ex-chairman of China Life Insurance Co., was found to have taken bribes worth 325 million yuan ($45 million) and hiding overseas deposits, China Central Television reported Tuesday, citing a court ruling Beijing: China sentenced the former head of the...
Mutual fund SIPs touch record high in Aug, RBI’s CRR move impacts debt AUMs: AMFI
The overall AUM for retail investors' bets on equity and hybrid schemes was at Rs 24.38 lakh crore across 12.30 crore portfolios as at end-August Mutual fund SIPs touch record high in Aug, RBI's CRR move impacts debt AUMs: AMFIInvestors poured in a record Rs 15,813...
Global crypto regulations focus at G20 summit
Regulations are expected to help investors harness the potential benefits of crypto-assets while mitigating associated risks by addressing security, consumer protection, financial stability and international cooperation issues Kualalumpur: Ongoing crypto market...
Governance mechanism, customer-centricity can help in fintech ecosystem sustainable growth: RBI official
``Regulation can wait a bit longer but what is needed more urgently is better governance standards and a mechanism focused on customer centricity, data privacy and data protection, among others,'' Ajay Chaudhary, an executive director who heads the fintech department...
IRDAI is working towards 100% cashless claim settlement in health insurance: Panda
``I am happy to inform that all general and health insurers and four TPAs have already on-boarded on NHCX sandbox and are in the process of full integration. it will be an important milestone in democratizing insurance access and ensuring sufficient coverage,'' said...
Bima Manthan: Re/insurers deliberate State Insurance Plan, RBC Framework, RBS Framework and financial inclusion
The two-day gathering of re/insurers and others financial sector players also discussed on financial inclusion, micro insurance and focused on synergies that can be shared between the wide network of Micro Finance Institutions, non-banking finance companies, and Small...
India on track to become solid global player due to strong financial regulations say experts
The RBI Deputy Governor said India was in a "sweet spot" to grow robustly, despite global turmoil and monsoon risks to growth, and to do so, developing credit markets was essential Kozhikode (Kerala): India is on the path to become a solid global player due to robust...