The percentage cession of the sum insured on each general insurance...
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EPFO retains 8.25 pc interest rate on employees’ provident fund deposits for 2024-25
The retirement body had paid 50.8 million claims worth Rs 2.05 lakh...
IRDAI issues norms allowing insurers to use derivatives for hedging their equity portfolios
In line with these guidelines, insurers will be able to buy hedges...
RBI mulls setting up of fraud registry to check banking frauds
Such a database will help prevent these fraudsters from repeating the fraud as the websites or phone numbers would be blacklisted, RBI executive director Anil Kumar Sharma said on Monday New Delhi: As part of its efforts to strengthen customer protection, Reserve Bank...
Reliance Capital bid deadline ends today amid investors concern over Reliance General
IDBI Trusteeship Services Limited acting in its capacity as a debenture trustee on behalf of Credit Suisse, had invoked the pledge of Reliance Capital's 100 per cent shareholding in Reliance General in November 2019 and transferred the shares to its account. The...
Life insurers keen to re-enter indemnity-based health space
The life sector players such as LIC, private players like ICICI Prudential Life, HDFC Life, and Bajaj Allianz Life, among others, are unanimous in saying that all of them were offering health insurance before the sectoral regulator Irdai in 2016 abruptly asked them to...
US likely to probe Apple over anti-market practices
European antitrust watchdogs have filed antitrust cases against Apple over its App Store fees and the iPhone's treatment of tap-to-pay technology After taking on Meta (Facebook) and Google with antitrust lawsuits, the US Department of Justice (DOJ) is reportedly...
Max Life Insurance enters pension fund management biz; its arm secures licence from PFRDA
Set up with initial capital of Rs 50 crore, the fund manager is expected to begin its operation in October, Max Life managing director and CEO Prashant Tripathy told PTI New Delhi: Max Life Insurance Company on Friday said it has ventured into the pension fund...
Europe’s markets watchdog calls for a rethink of region’s ESG investing rulebook
At issue is the tendency of fund managers and their clients to treat the EU’s disclosure regime as an ESG labeling system. As a result, investing clients are often left with the impression that funds within a given disclosure category will deliver positive...
IRDAI forms Mamta Suri panel on implementation of Ind AS/ IFRS in insurance sector
Among other things, the panel will recommend steps as may be taken towards effective implementation of Ind AS/IFRS along with phase-wise timelines, recommendations on key interpretations (best practices) while implementing, Ind AS/IFRSc,recommendation on proforma...
DICGC to make payments to depositors of 17 co-op banks in October
The cooperative banks from Maharashtra are: Sahebrao Deshmukh Co-operative Bank, Sangli Sahakari Bank, Raigad Sahakari Bank, Nashik Zilla Girna Sahakari Bank, Saibaba Janata Sahakari Bank, Anjangaon Surji Nagari Sahakari Bank, Jaiprakash Narayan Nagari Sahakari Bank,...
Gradual approach to bank privatisation would result in better outcomes: RBI report
“The gradual approach to privatisation adopted by the government can ensure that a void is not created in fulfilling the social objective of financial inclusion”. Mumbai: The Reserve Bank of India (RBI) on Friday issued a clarification on a report related to the...
Sebi joins account aggregator ecosystem
Under the framework, Financial Information Providers (FIPs) in the securities market, like depositories and asset management companies (AMCs) -- through their Registrar and Transfer Agents or RTAs -- will provide financial information pertaining to securities markets...