by AIP Online Bureau | Dec 24, 2022 | Banking & Bancassurance, Indian News, Life, Non-Life
There have been instances where life insurance policies were sold to customers aged above 75 years in Tier II-III cities. Usually, branches of the banks push products of their subsidiary insurers. The department has already issued a circular wherein it has been...
by AIP Online Bureau | Dec 18, 2022 | Eco/Invest/Demography, Indian News, Non-Life, Regulation, Reinsurance
Nitin Gadkari, Union Minister of Road Transport and Highways(Morth), will be formally launching the country’s first Surety Bond on Monday Bajaj Allianz General insurance, with major reinsurance back ups from Munich Re and Swiss Re has already got its Surety Bond...
by AIP Online Bureau | Dec 3, 2022 | Banking & Bancassurance, Indian News, Regulation, Technology
“It’s a misconception to view Fintech entities as a possible replacement to banks,” he said, stressing that these modern age enterprises facilitate banking and are not a competition to banks in anyway. Mumbai: Speculation around fintechs replacing...
by AIP Online Bureau | Nov 13, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation
The number of insured banks registered with DICGC stood at 2,040 as on March 31, 2022 Since the inception of deposit insurance, a cumulative amount of Rs 295.9 crore was paid up to March 31, 2022 towards claims of 27 commercial banks, Rs 10,524.3 crore towards claims...
by AIP Online Bureau | Aug 19, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation
“The gradual approach to privatisation adopted by the government can ensure that a void is not created in fulfilling the social objective of financial inclusion”. Mumbai: The Reserve Bank of India (RBI) on Friday issued a clarification on a report related to the...
