The other members of the committee are- T. L. Alamelu,former,...
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Insurance sector remains constrained by a high-cost distribution model inflating protection cost:Economic Survey
Nirmala Sitharaman Union Minister for Finance and Corporate Affairs...
RBI proposes rules for banks to implement relief measures during natural disasters, to kick in from April 1
India ranks sixth globally in climate vulnerability, according to...
Banking frauds rise in H1FY25, amount involved jumps 8-time: RBI report
The RBI said frauds present multiple challenges for the financial system in the form of reputational risk, operational risk, business risk and erosion of customer confidence with financial stability implications Mumbai: The number of bank frauds witnessed a...
Doha Insurance Group to set up reinsurance business in Gift City
Doha Insurance Group(DIG) is currently working on completing the necessary procedures and obtaining the required regulatory approvals for Gift City project from the Qatar Central Bank and the other regulatory and supervisory authorities in the Republic of India, said...
NFRA penalises Deloitte Haskins & Sells LLP, finds deficiencies in BSR & Co’s Audit
The watchdog has imposed a monetary penalty of Rs 2 crore on Deloitte Haskins & Sells LLP New Delhi: The National Financial Reporting Authority (NFRA) has imposed a fine of Rs 2 crore on Deloitte Haskins & Sells LLP as well as penalties on two chartered...
Govt warns subscribers against unfamiliar international calls
"The DoT advises citizens that they should show caution with respect to answering calls from unfamiliar international numbers which are not starting with +91 and which claim to be from government authorities of India. Citizens are advised to report such suspected...
Govt launches AI tools, e-commerce safety measures to boost consumer protection
The Consumer Protection Authority (CCPA) is drafting new guidelines to regulate surrogate advertising and has issued notices to 13 companies for non-compliance with existing rules, Food and Consumer Affairs Minister Pralhad Joshi New Delhi: Food and Consumer Affairs...
Govt to issue guidelines on pesky calls next month: Consumer Affairs Sec
Consumer Affairs Secretary Nidhi Khare said the department has prepared draft guidelines in consultation with stakeholders, which will be harmonized with upcoming regulations of Telecom Regulatory Authority of India (Trai) New Delhi: The consumer affairs ministry will...
India’s insurance penetration falls further from 4% to 3.7% in FY 24
According to the latest IRDAI annual report for Fy 23-24, released today after its ratification in the winter session of Parliament the insurance penetration for life insurance industry has again marginally declined from 3 per cent in the previous year to 2.8 per cent...
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...