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IDBI Bank strategic sale scrapped as financial bids below reserve price: Sources

IDBI Bank strategic sale scrapped as financial bids below reserve price: Sources

by AIP Online Bureau | Mar 13, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Policy

Currently, the government and state-owned LIC together hold a 94.71 per cent stake in IDBI Bank. The government owns 45.48 per cent, and LIC holds 49.24 per cent in the lender. Of this, the government and LIC are looking to sell 60.72 per cent in IDBI Bank.The...
Cyber fraudsters using new tech to bypass UPI security for financial transactions: Report

Cyber fraudsters using new tech to bypass UPI security for financial transactions: Report

by AIP Online Bureau | Mar 11, 2026 | Data, Eco/Invest/Demography, Risk Management, Technology

According to the report, the firm has identified at least 20 active groups on messaging platform Telegram, each with over 100 members, where a toolkit by the name of “Digital Lutera” is being discussed, distributed, and operationalised. New Delhi: Online...
Riots impose financial strain on Nepal re/insurers

Riots impose financial strain on Nepal re/insurers

by AIP Online Bureau | Sep 25, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Oriental Insurance Company, a branch of India’s Oriental Insurance, has received the largest amount of claims till September 16, according to the data released by the Nepal Insurance Authority. It alone has received claims of NPR 5.14 billion across 40 cases....
IRDAI suspends a junior official for financial misconduct

IRDAI suspends a junior official for financial misconduct

by AIP Online Bureau | Aug 26, 2025 | Indian News, Regulation

IRDA’s order for suspending Sastry signed by Raja K Sinha , member, Distribution, IRDAI  has said he has admitted the financial misconduct but didn’t mention the exact nature of the misconduct Hyderabad: In a first ever case, the IRDA has suspended one of junior...
India’s household savings to generate inflows of $ 9.5 trillion into financial assets in next 10 years: Goldman Sachs

India’s household savings to generate inflows of $ 9.5 trillion into financial assets in next 10 years: Goldman Sachs

by AIP Online Bureau | Aug 25, 2025 | Eco/Invest/Demography, Indian News, Wealth Management/ Philanthropy

Out of the total inflows, Goldman Sachs expects a large portion, over USD 4 trillion, to be allocated to long-term savings products such as insurance, pension, and retirement funds. New Delhi|: India’s household savings are expected to generate cumulative...
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