Pramod Sawant,Chief Minister,Goa As per the memorandum, the terms...
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SEBI forms committee to review conflict of interest
"The objective of the high-level committee is to comprehensively...
Sebi board allows investment advisers, research analysts to charge advance fees for up to a year
"In order to address those concerns, the board has decided that if...
DICGC to pay depositors of two co-operative banks in August
Eligible depositors of Shankarrao Pujari Nutan Sahakari Bank will get the payment on August 10, and those of Harihareshwar Sahakari Bank on August 28, according to a DICGC circular DICGC, a wholly-owned subsidiary of the RBI, provides an insurance cover of up to Rs 5...
Big tech firms offering financial services pose risk to financial stability: RBI
FinTech innovations are ubiquitous, especially in retail and wholesale payments, financial market infrastructures, investment management, insurance, credit provision, and equity capital raising, and may lead to material changes in the financial landscape, it said....
IRDAI wants 2.52% penetration and Rs 11.73 trillion premium for non-life industry by FY2027-28, sets tough annual premium targets for players
Debasish Panda, chairman, IRDAI IRDAI chairman Debasish Panda said the IRDAI will also suggest to the government to provide tax benefits under 80C for long term motor and housing policies. Panda revealed that the IRDAI is considering to give freedom to the boards of...
COVID-19 Pandemic: Risk lessons in a complex, inter-connected world
Today’s interconnected world is an evolving system, and disastrous events are often the results of systemic failures. The new UN report shows that It’s time to develop a deeper understanding of systemic risks, how they trigger other hazards and shocks, often in...
IRDAI sets stiff annual premium targets for life insurers for next 5 yrs, eyes 6.18% penetration by 2027
To grow faster, the insurers need capital and IRDAI is planning to enlarge the basket of instruments through which they can raise capital Life Insurance Corporation has to mobilise almost a total premium Rs 16 lakh crore , HDFC Life Insurance(Rs 2.66 trillion),SBI...
Cryptocurrencies a clear danger to financial systems: RBI Governor
In the foreword to the 25th issue of the Financial Stability Report (FSR) released on Thursday, Das also said that as the financial system gets increasingly digitalised, cyber risks are growing and need special attention "We must be mindful of the emerging risks on...
IRDAI Chairman calls for a 2-day meet with insurance CEOs on June 30, to discuss further regulatory reforms
Debasish Panda, Chairman, IRDAI The insurers will also discuss with the IRDAI on changing the regulations relating to expenses of the management, commission structure to the intermediaries, offering discount on premium to direct policyholders and the norms relating to...
Irdai mulling to extend testing period under Regulatory Sandbox mechanism to 3 yrs
"Here we now realise that this has to be a continuous process, the period for which they are allowed to test such products in the market is only limited to six months. We are now proposing to expand that period to even up to three years, particularly for life...
Irdai working towards risk-based capital, supervision frameworks: Chairman Panda
Debasish Panda,chairman,Irdai ''Currently, we have traditional method of supervision and we have very recently started embarking on a project of moving towards a risk based supervision which will be enabled by technology. In another word, you can call it 'Suptech'...
RBI postpones implementation of certain norms related to cards by 3 months
As per the Master Direction, card issuers must seek One Time Password (OTP) based consent from the cardholder for activating a credit card, if the same has not been activated by the customer for more than 30 days from the date of issuance Mumbai: The Reserve Bank on...