Shalini Pandit, joint secretary,Department of Financial Services...
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Govt to seek bids for its $7.1 billion majority stake in IDBI Bank
The federal government and state-owned Life Insurance Corp of India...
Berkley Insurance Asia launches operations in India’s GIFT City
“India has long been an important market for Berkley Insurance Asia...
European Central Bank plans insurance for climate risks
One part of the plan is a voluntary public-private reinsurance mechanism that would pool private risks across the EU to help backstop weather-related losses. The second pillar would be to create a mandatory European Union fund to pay reconstruction costs when...
SEBI takes strict action in front running case, bars 9 entities, seizes over Rs 21 crore
The SEBI had investigated some suspicious front-running trades related to PNB MetLife India Insurance before this action.The focus of this investigation was to find out whether the suspicious entities were doing front running in the trade of PNB MetLife India...
NPS assets under management to touch Rs 15 lakh cr by fiscal end: PFRDA Chairman
(L to R)- Rama Mohan Rao Amara, MD of State Bank of India; Deepak Mohanty, chairman, PFRDA, Siddhartha Mohanty,MD&CEO, LIC; Amitabh Chaudhry, MD & CEO of Axis Bank at an event to launch of official launch of the Association of NPS Intermediaries in Mumbai ``We...
DoT asks telcos to play cybercrime awareness caller tune 8-10 times daily
"In order to make the public aware about cybercrime through the caller tune campaign, it has been decided to play caller tune audios through pre-call announcement/ring back tone arrangement, which will be provided to TSPs by nodal officers of I4C. Caller tunes to a...
Malhotra exhorts staff to strive for perfection; support realisation of Viksit Bharat vision
Sanjay Malhotra,Governor,Reserve Bank of India Malhotra, who faces a slew of challenges, including the unsettling of the inflation-growth balance and the continuous pressure on the rupee, said, “Continuous improvements and kaizens (improvement)” are essential for any...
Delhi govt prepared to introduce a law to protect doctors from violence
"At times, we hear about incidents of violence against the doctors. If such a need arises in Delhi, the government will bring in a Doctors Protection Act to address these concerns," Delhi Chief Minister Atishi said New Delhi: The AAP government will always stand with...
Hinduja Group likely to complete RCap acquisition by Jan-End
"Most of the approvals and procedures related to the resolution process of Reliance Capital are complete. Couple of the procedures at the end of the administrator and CoC are to be completed. We hope that all these will be over in the next 4-6 weeks and RCAP should...
India and UK to collaborate on developing financial regulations
Participants from India and UK touched upon reforms in respective financial services sectors including capital markets, insurance & reinsurance, pensions, FinTech, sustainable finance and International Financial Services Centre GIFT City/Gujarat: The 3rd India –...
E-commerce to adopt Safety Pledge to protect online consumers on Dec 24
With India projected to have 500 million online shoppers by 2030 and currently hosting 880 million internet users, the initiative addresses critical challenges in the rapidly expanding e-commerce landscape. The pledge requires platforms to cooperate with statutory...
Max Life Insurance rebrands to Axis Max Life Insurance
“With Axis now an integral part of our identity, we are well-positioned to capitalize on new opportunities and accelerate our growth by expanding our distribution network, enhancing customer touchpoints, and delivering digitally empowered services. Together, we are...