by AIP Online Bureau | Jun 27, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation
M Nagaraju, Secretary, Financial Services Banks need to ensure that there is no mis-selling of insurance to customer and premium are affordable so as to help increase market penetration for such products New Delhi: Observing that high premiums dissuade people from...
by AIP Online Bureau | Jun 22, 2025 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology
The proposed platform seeks to bolster fraud risk management by facilitating real-time intelligence sharing and gathering, thereby preventing fraudulent digital transactions, sources said. New Delhi: In a bid to rein in the increasing incidence of digital payment...
by AIP Online Bureau | May 7, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology
“We have strengthened the cyber security mechanism… we have created a 24 hours war room to diffuse any cyber attack… we are prepared for any eventuality,” Punjab National Bank MD and CEO Ashok Chandra said New Delhi: Banks have tightened their cyber...
by AIP Online Bureau | Apr 13, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
“Banks freeze/block accounts based on internal triggers, however, as per the Prevention of Money Laundering Act (PMLA), they do not have the authority to freeze or block customer accounts without proper authorisation from a court or law enforcement agencies...
by AIP Online Bureau | Feb 23, 2025 | Data, Disaster & Management, Eco/Invest/Demography
Almost half of the credit of scheduled commercial banks is significantly dependent on nature and its ecosystem so any natural calamity impacts their bottomline. By 2030, as per estimates, 42 per cent India’s districts are projected to experience temperature rise...
