The alliance, set up in 2021, was the banking industry’s main body...
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SEBI chief warns investors on fraudsters offering guaranteed returns
Tuhin Kanta Pandey, Chairman,SEBI "Our survey reveals that an...
Sitharaman urges citizens to raise awareness about Rs1.84 trillion unclaimed assets in financial sector
Nirmala Sitharaman,Union Finance Minister M. Nagaraju, Secretary,...
Centre to ensure safe & trusted AI, Internet platforms must curb deepfakes: Minister
Jitin Prasada,Minister of State for Electronics and IT From hefty penalties ranging from a minimum of Rs 50 crore to a maximum of Rs 250 crore on social media platforms for violating rules to enabling digital markets to grow more responsibly while safeguarding...
Govt to release financial sector vision, strategy document for 5 years, rules for FDI to be simplified
Shailaja Lall, Partner, Insurance & Reinsurance, Shardul Amarchand Mangaldas & Co, commented the budget has announced that there will be some simplification of the rules and regulations pertaining to FDI, which will be keenly awaited by foreign investors in...
IRDAI slaps a fine of Rs1cr on Care Health, orders it to buy back Rashmi Saluja’s exercised stock options and cancel others
Rashmi Saluja, non-executive chairperson cum director, Care Health Insurance The issuance of stock options of Care Health Insurance to Rashmi Saluja in her capacity as the chairperson of Raligare Enterprises Ltd(REL), the holding company Care Health Insurance, is in...
All airport operators to conduct third party audit of structural stability of buildings
"All the airport operators have also been directed to carry out a thorough evaluation of all civil, electrical and technical aspects of the building, including the design, specifications and workmanship of the roof sheeting structure before the onset of monsoon every...
Financial sector outlook appears bright but needs tight vigil on vulnerabilities Eco Survey
"It also needs to provide insurance protection and retirement security to all citizens. The share of insurance and pension fund assets in GDP stands at 19 per cent and 5 per cent, respectively, in India, compared to a high of 52 per cent and 122 per cent in the US and...
Insurers face business interruption claims after global tech outage
"Some cyber insurance policies exclude non-malicious events, and there are waiting periods and deductibles that businesses will have to consider before making a claim with their insurance carriers," said Nir Perry, CEO at CyberWrite, a cyber insurance risk platform...
Household savings are choosing mutual funds, insurance and pension funds over banks to invest savings: RBI Governor
``While bank deposits continue to remain dominant as a percentage of the financial assets owned by the households, their share has been declining, with households increasingly allocating their savings to Mutual Funds, Insurance Funds, and Pension Funds" New Delhi:...
6 candidates to be interviewed for selecting member, Non-Life, IRDAI on Thursday
The candidates are- Rejeshwri Singh, CMD, National Insurance Company, Randip Singh Jagpal, executive director, IRDAI, CS Radhika, general manger, United India Insurance UII and three other candidates from the private sector insurance industry-Deepak Sood, a consultant...
India antitrust probe finds Apple abused position in apps market
The Competition Commission of India (CCI) has been investigating Apple Inc since 2021 for possibly abusing its dominant position in the apps market by forcing developers to use its proprietary in-app purchase system New Delhi:An investigation by India's antitrust body...
EU markets watchdog signals a hard line on new ESG disclosures
The European Securities and Markets Authority acknowledged that complying with the new European Sustainability Reporting Standards creates “challenges” for companies, and the first reports, due next year for the largest firms, will constitute a “milestone in the...