Nayan Shah, managing director, Paramount TPA said, ``The IRDAI has...
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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...
Global banking regulators agree to prioritise climate risk work
The oversight body of the world’s forum for banking regulators met...
Govt sets up working group to decriminalise legislations to promote ease of doing biz
Commerce and Industry Minister Piyush Goyal 'The government has decriminalised 3,600 laws and reduced the burden of 40,000 compliances under different laws in the last nine years to promote ease of doing business and ease of living,'' said Commerce and Industry...
SEC set to adopt new cyber rule
Companies will also have to describe periodically what efforts they are making to identify and manage threats in cyberspace. The rule, first proposed in March of 2022, forms part of a broader SEC effort to harden the financial system against data theft, systems...
Biden administration pushing insurers to improve access to mental health treatment
US President Joe Biden "Despite the repeated bipartisan efforts aimed at mental health parity, insurers too often make it difficult to access mental health treatment, causing millions of consumers to seek care out-of-network at significantly higher costs and pay out...
RBI plans guidance on stress testing for climate vulnerability of banks’ credit portfolio: RBI dy governor
''For this to materialise, central banks can incorporate climate-related risks into their supervisory frameworks and can contribute to the development of frameworks and standards for green finance. These frameworks can help promote transparency, standardization, and...
Sebi extends deadline for comments on proposed cyber resilience framework
The consultation paper on 'Consolidated Cyber Security and Cyber Resilience Framework' for Sebi Regulated Entities (REs) aims to provide a common structure for multiple approaches to cyber security to prevent any cyber risks/incidents Mumbai: Capital markets regulator...
TRAI imposes penalty of Rs 35 cr on telcos for violating call, sms norms
Union Telecom Minister Ashwini Vaishnaw in a written reply to the Rajya Sabha said that as per the reports, telecom operators have disconnected 15,382 and 32,032 connections during the calendar year- 2021 and 2022, respectively, for violating Telecom Commercial...
Cholamandalam MS Insurance appointed as lead insurer for West Bengal
Chennai based Cholamandalam MS Insurance has been appointed lead insurer for West Bengal by the IRDAI. In this role, the general insurer will focus on various aspects of health protection, coverage against natural calamities, increasing employment opportunities for...
Govt to launch portal for claim submission by depositors of Sahara Group Co-Op Societies
A portal has been developed for submission of legitimate claims by the genuine depositors of the Sahara Group of cooperative societies namely — Sahara Credit Cooperative Society Ltd, Saharayan Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society...
SC quashes SAT’s stay on IRDAI’s order transferring Sahara Life’s biz to SBI Life
A two-judge bench of the apex court asked the SAT to decide the case afresh on August 3 observing that the appellate tribunal passed the stay order without providing any valid reason New Delhi: In its third hearing, the Abhay S Oka Supreme Court on Monday overturned...
Sebi’s new disclosure norms for listed cos to kick in from Saturday
The regulator has asked companies to disclose agreements entered into by shareholders, promoters, related parties, directors, key managerial personnel, and employees of the listed entity or of its subsidiary, which can impact the management and control of such firms...