"During 2025, from January to July (till date), a total of 06...
Category:
Risk Management
Latest
Policybazaar fined Rs5 crore by IRDAI, 11 charges of regulatory lapses against the intermediary
``IRDAI in exercise of the powers under Section 102 of the...
IFSCA panel pitches for Cat Bonds and ILS in India
IFSCA can set up guidelines for the insurance-linked securities...
Cabinet approves continuation of Flood Management and Border Areas Programme
Under the Flood Management Programme (FMP) component of Flood Management and Border Areas Programme with an outlay of Rs. 2940 crore, central assistance will be provided to state governments for taking up critical works related to flood control, anti-erosion, drainage...
FSDC to formulate strategy to digitalise KYC process in financial sector, curbing illegal online lending
(Lto R) Shaktikanta Das, Governor, Reserve Bank of India, Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs and Bhagwat K Karad,,Union Minister of State for Finance at the 28th meeting of FSDC in New Delhi The FSDC on Wednesday discussed various...
Indian regulators seek to crack down on potential fraud in financial sector
While Indian banks have boosted spending on technology to detect potential money laundering and prevent fraud, the cases are rising. The number of reported frauds of more than 100,000 rupees ($1,205) rose 68 per cent to more than 14,000 from April to September last...
Lockbit cybercrime gang faces global takedown with indictments and arrests
LockBit ransomware group remains a key player in today's threat landscape, with 17 per cent of ransomware engagements in 2023, a new report said on Tuesday. An international law enforcement operation led by Britain's National Crime Agency and the FBI has arrested and...
Draft AI regulation framework to be released by July: Rajeev Chandrasekhar
'We will fully exploit the potential of AI but set up the guardrails as well to prevent misuse. We are today seen by the world at the forefront to harness AI technology. We are all for deploying AI across use cases, from farm to factories and we want to use AI for...
India seeks $26 bln of private nuclear power investments
This is the first time New Delhi is pursuing private investment in nuclear power, a non-carbon-emitting energy source that contributes less than 2% of India's total electricity generation. The funding would help India to achieve its target of having 50% of its...
Yemen’s Houthis say ship attacked in Gulf of Aden may sink
“Shipping companies must weigh up the increased costs and journey times against the risk to their vessels, and, most importantly, the safety of the crew onboard,” insurance broker Gallagher Speciality Marine said in a report last week CAIRO/LONDON: Yemen’s Houthi...
Indian diesel diverted to Asian markets as Houthis attacks impact flows to Europe
Tankers heading to Europe or the Atlantic Basin are being forced by the Houthi threat to go around South Africa’s Cape of Good Hope, increasing journey lengths and costs, or use the Suez Canal, “with the risks involved and extremely high war risk insurance Shipments...
No Aadhaar number has been cancelled, says UIDAI
“In the course of activities undertaken to keep the Aadhaar database updated, intimations are issued from time to time to Aadhaar number holders. In this connection, it is clarified that no Aadhaar number has been cancelled,” UIDAI said New Delhi: Unique...
New York City sues social media platforms over youth mental health crisis
Social media companies face mounting legal risks from claims that they use algorithms to get teenagers and adolescents addicted to their platforms. Meta was sued by the attorneys general of more than 30 states over similar claims in October. A month later, a judge in...