by AIP Online Bureau | Jun 8, 2023 | Indian News, Non-Life, Regulation
”Apart from MSME sellers, buyers and financiers, insurance companies are permitted to participate as ”fourth participant” in TReDS,” it said in a circular Financiers place their bids on the TReDS platforms keeping in view the credit rating of...
by AIP Online Bureau | Jun 6, 2023 | Banking & Bancassurance, Indian News, Regulation
It has also recommended setting up of a regulated entities(REs) – agnostic common portal for lodging complaints, so that the customers of any RE can lodge complaints on a single platform. Mumbai: A panel set up by the RBI to examine and review the state of...
by AIP Online Bureau | Jun 6, 2023 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation
Shaktikanta Das, Governor, Reserve Bank of India The FI-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal as well as the pension sector in consultation with the government and respective sectoral...
by AIP Online Bureau | May 30, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation
Frauds occurred predominantly in the category of digital payments (card/internet), in terms of number, said Reserve Bank’s Annual Report 2022-23 The number of frauds in the banking sector went up to 13,530 in 2022-23 year-on-year, but the amount involved nearly...
by AIP Online Bureau | May 24, 2023 | Banking & Bancassurance, Indian News, Regulation, Risk Management, Technology
The fraud took place in three separate transactions on as many consecutive days, the first being on April 19, 2023 Since the bank is financially supervised by the RBI and the current account which has been subjected to fraud is also with the regulator itself, the...
