The RBI mandated banks to refund the entire sum where mis‑selling...
Category:
Regulation
Latest
DPIIT notifies 100% FDI in the insurance sector
The Department for Promotion of Industry and Internal Trade (DPIIT)...
Parli Thermal Power Station asked to stop operation of 2 units for non-compliance of pollution norms
Parli Thermal Power Stations (PTPS) had not conducted the annual...
What’s in the EU’s 18th sanctions package against Russia?
Central to the package is a lower price cap on Russian oil – a move designed to shrink Moscow’s energy revenues without disrupting global markets by severing Russian supply entirely. Here are the details of the European Union’s 18th package of sanctions against Russia...
No Insurance Amendment Bill yet in Parliament’s Monsoon session
The government has already listed eight bills for their likely introduction and passage in the Monsoon session of the Parliament but there is no mention of the Insurance Amendment Bill in the list.The Ministry of finance officials earlier had...
ED summons Meta, Google officials in illegal betting case
The federal agency is probing multiple platforms hosting illegal betting and gambling links, including instances of advertisements placed for them on various Internet-based social media outlets and app stores. New Delhi: India's financial crime fighting agency, the...
Central drugs laboratories find 55 samples to be ‘not of standard quality’ in June
These drugs were manufactured by an unauthorized entity using a brand name owned by another company, and the matter is under investigation and action will be taken in accordance with relevant rules. New Delhi: The central drugs laboratories have found 55 samples...
Allianz and Reliance Group’s Jio Finance float three 50-50 JVs for life,non-life and reinsurance business in India
Jio Financial Services Limited (JFSL) and Allianz Group (Allianz), through its wholly-owned subsidiary Allianz Europe B.V. on Friday entered into a binding agreement to form a 50:50 domestic reinsurance joint venture to serve the dynamic and high-growth insurance...
RBI to issue climate risk disclosure rules for banks soon
As part of the central bank's climate disclosure rules, banks will be required to calculate gross emissions of borrowers and disclose this information by asset classes and industries, according to the draft norms. Such disclosures are expected to be included in their...
Insurance industry seeks clarity on Irdai’s initial approval of West Bridge’s KIWI General Insurance
Industry expert said that with WestBridge Capital's controlling stakes in both, KIWI General Insurance and Start Health, there may be a potential for merger. If that doesn't happen then the only option is that WestBridge dilutes its holding in Star Health below...
Irdai forms panels to look into violations by insurers
"As part of enforcement function, to decide on the violations observed as regards the provisions of Insurance Act and Regulations issued there under, with respect to certain Insurers/Insurance Intermediaries, panels of Whole-Time Members were formed," Irdai said....
Infosys US unit pays $125,000 penalty for cybersecurity lapses
In March this year, Infosys had informed the stock exchanges that Infosys McCamish Systems reached an agreement to settle six class action lawsuits in the United States, in relation to 2023 cyber incident. Under the proposed terms, Infosys McCamish Systems had agreed...
Pension fund managers want changes on in bond rules for higher yield on retirement savings
Currently, investment in corporate bonds maturing in less than three years is capped at 10%, with most securities needing ratings from at least two credit agencies, according to a March 2025 circular by the pension regulator Mumbai/New Delhi: Indian pension managers...