by AIP Online Bureau | Aug 20, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Regulation
In his petition, Swamy alleged Axis Bank made undue profits totalling Rs 4,000 crore from the sale and purchase of equity shares of Max Life in a non-transparent manner and in violation of the applicable regulations New Delhi: Stating that it should not act as a...
by AIP Online Bureau | Aug 13, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation
Michael Debabrata Patra,Deputy Governor,RBI Currently, the deposit insurance coverage limit (Rs 5,00,000 or approximately USD 6,000), fully protects 97.8 per cent of deposit accounts and 43.1 per cent of deposit value in India. Jaipur: India’s Deposit Insurance and...
by AIP Online Bureau | Aug 12, 2024 | Banking & Bancassurance, Indian News, Life, Non-Life, Regulation
The tribunal was hearing a petition filed by the Hindujas, seeking modification of its July 23 order and an ‘extension to complete the obligations’ for implementing the resolution plan Mumbai: The National Company Law Tribunal on Monday directed the...
by AIP Online Bureau | Aug 10, 2024 | Eco/Invest/Demography, Indian News, Policy, Risk Management
Finance Minister Nirmala Sitharaman “I hope that the investments are all safe… it’s too early for me to see what kind of an impact this situation in Bangladesh will have on our economy. I hope that the interim government will settle things sooner rather...
by AIP Online Bureau | Aug 10, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy
In order to overcome the mismatch between deposits and lending, Sitharaman asked banks to come up with “innovative and attractive” deposit schemes to mobilise funds from the people,Nirmala Sitharaman , Finance minister Mumbai: Finance Minister Nirmala...
