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Dip-stick Survey:DFS Secy takes up unsatisfied closed complaints with banks and insurers

Dip-stick Survey:DFS Secy takes up unsatisfied closed complaints with banks and insurers

by AIP Online Bureau | Mar 27, 2026 | Banking & Bancassurance, Health, Indian News, Life, Non-Life, Policy, Regulation

M Nagaraju, secretary, Department of Financial Services Till date eighteen such meetings have been conducted and 360 grievances have been reviewed. The objective of such an exercise is to assess the efficacy of grievance resolution through a ‘dip-stick...
No proposal under consideration on merger of PSU banks: MoS Finance

No proposal under consideration on merger of PSU banks: MoS Finance

by AIP Online Bureau | Mar 23, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

The amalgamation of PSBs, as envisaged, has contributed to improving operational efficiency and financial soundness of banks through streamlining of operations and reduction in costs, thereby resulting in increasing consolidated business of banks, Minister of State...
Close coordination among stakeholders necessary to prevent digital frauds says:RBI

Close coordination among stakeholders necessary to prevent digital frauds says:RBI

by AIP Online Bureau | Feb 26, 2026 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology

A two-day workshop for executive directors and heads of fraud risk management of 60 major banks, conducted by the RBI, concluded on Wednesday Mumbai:The Reserve Bank on Thursday said that close coordination among all the stakeholders is necessary to prevent or...
PSU banks and insurers playing a central role in advancing national priorities: Govt

PSU banks and insurers playing a central role in advancing national priorities: Govt

by AIP Online Bureau | Feb 17, 2026 | Banking & Bancassurance, Indian News, Life, Non-Life, Policy, Technology

(Lto R) R Doraiswamy, CEO &MD, LIC, CS Shetty,Chairman, SBI and M Nagaraju, Secretary, Department of Financial Services(DFS) at Chintan Shivir, 2026, organised by the Department of Financial Services(DFS) in Coorg The primary objective of Chintan Shivir,...
Banks will pay deposit insurance premiums linked to their risk profile from Apr 1

Banks will pay deposit insurance premiums linked to their risk profile from Apr 1

by AIP Online Bureau | Feb 6, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation

Under the new framework, banks will be assessed using financial and supervisory indicators such as capital strength, asset quality, earnings and liquidity, as well as the potential loss their failure could impose on the deposit insurance fund, the RBI said. Mumbai:...
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