by AIP Online Bureau | Jan 1, 2025 | Banking & Bancassurance, Indian News, Life, Non-Life, Policy, Regulation
M Nagaraju, Secretary, Department of Financial services At the outset, the Secretary reiterated the Prime Minister’s direction given in the Pragati meeting held on December 26, that all the Senior officers at the level of Chairman/ MD/ ED of PSBs/PSICs should...
by AIP Online Bureau | Dec 27, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology
The RBI said frauds present multiple challenges for the financial system in the form of reputational risk, operational risk, business risk and erosion of customer confidence with financial stability implications Mumbai: The number of bank frauds witnessed a...
by AIP Online Bureau | Dec 12, 2024 | Banking & Bancassurance, Indian News, Intermediaries, Regulation
In some cases, parent banks of insurers are selling over three-fourths of the policy, the official, who did not wish to be identified, told reporters in Mumbai Mumbai: Insurance industry watchdog Irdai wants insurers to diversify their distribution channels and may...
by AIP Online Bureau | Dec 2, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
Expressing concern over the rising sums of money lying in such accounts, the RBI said its supervisory inspections have revealed a slew of problems due to which accounts are becoming inoperative or get frozen Mumbai: The RBI on Monday asked banks to...
by AIP Online Bureau | Nov 19, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life
“I wish to say this for the due consideration of the bank boards , sale of insurance by banks has raised concerns of instances of mis-selling and I would say this has contributed indirectly to cost of borrowing for the customers . So banks will have to look at this ,...
