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...
by AIP Online Bureau | Feb 7, 2025 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology
With increased instances of fraud in digital payments becoming a significant concern, this initiative aims to reduce cyber security threats and malicious activities like phishing; and, streamline secure financial services, thereby enhancing trust in digital banking...
by AIP Online Bureau | Jan 15, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Risk Management
Nagaraju said that significant progress has been made in expanding social security and deepening financial inclusion in the country through various flagship schemes of the government, and further urged the public and private sector banks to dedicatedly work towards...
by AIP Online Bureau | Jan 12, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation
M Nagaraju,Financial Services Secretary The Finance ministry from time to time launched various drives to achieve saturation under Pradhan Mantri Jan dhan Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). New...
