"The government of India is not considering revoking, amending or...
Category:
Regulation
Latest
RBI proposes ban on 3rd‑party sales incentives to bank staff to curb mis-selling
The RBI mandated banks to refund the entire sum where mis‑selling...
DPIIT notifies 100% FDI in the insurance sector
The Department for Promotion of Industry and Internal Trade (DPIIT)...
IBAI meets Sitharman, submits proposals for insurance inclusion
Lto R- Narendra Kumar Bharindwal, president, IBAI,Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs, Rashmi Iyer, director, IBAI Nirmala Sitharaman, Union Minister, Finance & Corporate Affairs Embed suitable insurance covers with Mudra Loans,...
India to introduce RBI-backed digital currency: Piyush Goyal
"We have not been encouraging cryptocurrency, which does not have sovereign backing or which is not backed by assets, say it on the federal bank or local currency. India has also announced that we will be coming out with a digital currency, which will be backed by a...
Net-Zero Banking Alliance winds up operations
The alliance, set up in 2021, was the banking industry’s main body leading the sector’s global effort to cut carbon emissions. An overhaul was proposed in August after many big banks left, to create a “framework initiative” rather than a membership-based organization....
SEBI chief warns investors on fraudsters offering guaranteed returns
Tuhin Kanta Pandey, Chairman,SEBI "Our survey reveals that an impressive 63 per cent of Indian households, translating to 213 million households, are aware of at least one securities market product. However, our focus must be on the journey from awareness to action....
Sitharaman urges citizens to raise awareness about Rs1.84 trillion unclaimed assets in financial sector
Nirmala Sitharaman,Union Finance Minister M. Nagaraju, Secretary, Department of Financial Services (DFS) added that unclaimed insurance proceeds stand at over Rs 13,800 crore, unclaimed balances in mutual funds amount to about Rs 3,000 crore, and unpaid dividends...
Govt proposes to make online money game rules violation non-bailable entire company staff liable
Section 5 under the draft rules prohibits entities from offering, aiding, abetting, inducing or engaging in online money games and online money gaming services. Section 7 bars banks, financial institutions, or any other person from facilitating financial transactions...
Cough syrup row Rajasthan govt suspends drug controller, halts distribution of Kaysons Pharma drugs
This comes amid reports of deaths of 11 children, nine in Madhya Pradesh and two in Rajasthan, allegedly linked to contaminated cough syrup Jaipur: The Rajasthan government has suspended the state drug controller and halted the distribution of medicines manufactured...
Govt issues notices to 25 offshore crypto assets cos for non-compliance of money laundering law
The government has also instructed these entities to take down their applications/websites from public access in India, the finance ministry said in a statement New Delhi: Financial Intelligence Unit-India, under the finance ministry, has issued notices to 25 offshore...
RBI to unveil risk-based deposit insurance premiums for banks: RBI Governor
``I am happy the RBI has brought changes in the existing deposit insurance scheme for the banks. The banks have been asking this for long. Paying insurance premium has become the largest overhead any bank today. SBI itself paid Rs 5400 crore of premium in FY 24-25. We...
Former IRDAI chairman Panda roped in as senior advisor to Pristyn Care
Debasish Panda, former Chairman of the Insurance Regulatory and Development Authority of India (IRDAI) has taken on the role of Senior Advisor to Pristyn Care. Pristyn Care is a leading healthcare provider specializing in advanced secondary care surgeries through its...