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RBI hikes limit for tax payments via UPI from Rs 1 lakh to Rs 5 lakh

by AIP Online Bureau | Aug 9, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Regulation, Technology

Mumbai: The Reserve Bank has decided to enhance the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction, RBI Governor Shaktikanta Das announced on Thursday. “UPI has become the most preferred mode of payment, due to its seamless features....
NIA’s profit falls almost 17% to Rs 217 crore in Q1FY25

NIA’s profit falls almost 17% to Rs 217 crore in Q1FY25

by AIP Online Bureau | Aug 8, 2024 | Indian News, Non-Life, Reinsurance

Girija Subramanian,CMD , New India Assurance Going forward, the company will be focusing on the retail segment and better performance can be expected in the coming quarters, Girija Subramanian, CMD, New India Assurance, who took charge of the company in June Mumbai:...
New India’s Lavanya Mundayur selected as CMD of AIC

New India’s Lavanya Mundayur selected as CMD of AIC

by AIP Online Bureau | Aug 8, 2024 | Indian News, Non-Life

Lavanya Mundayur, general manager and chief underwriting officer, New India Assurance Mundayur is the youngest general manger in the PSU general insurance industry and will retire in May 2029 New Delhi: The Financial Services Institutions Bureau(FSIB) has selected...
LIC eyes majority stake in a health insurance company: CEO

LIC eyes majority stake in a health insurance company: CEO

by AIP Online Bureau | Aug 8, 2024 | Health, Indian News, Life

Siddarth Mohanty, MD& CEO, LIC, said the work has already started for finding a suitable buy in the health insurance space and the corporation is waiting for the change of regulations by the government to facilitate composite licenses in the Indian insurance...
LIC’s net profit rises almost 10 % to Rs 10,461 crore in Q1 fy25

LIC’s net profit rises almost 10 % to Rs 10,461 crore in Q1 fy25

by AIP Online Bureau | Aug 8, 2024 | Indian News, Life, Pension & Social Security

Siddhartha Mohanty, CEO & MD, LIC Siddhartha Mohanty, CEO & MD, LIC, said, “The momentum around increasing share of non par products within individual segment continues and our non par share, on an APE basis, within the individual business has increased to...
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