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Finmin asks state-owned general insurers to focus on profitable businesses

Finmin asks state-owned general insurers to focus on profitable businesses

by AIP Online Bureau | Aug 4, 2024 | Indian News, Non-Life, Policy

Vivek Joshi,Secretary,Financial Services Oriental Insurance has earned Rs 18 crore profit in FY24 as against a loss of Rs 5,000 crore a year ago, while National Insurance Company narrowed its loss to Rs 187 crore from Rs 3,800 crore, and United India Insurance to a...
PSU insurers must reskill their employees and deploy best of technologies, says DFS Secy

PSU insurers must reskill their employees and deploy best of technologies, says DFS Secy

by AIP Online Bureau | Jul 28, 2024 | Eco/Invest/Demography, Health, Indian News, Non-Life, Pandemic

From( L to R) , Deepti Gaur Mukerjee, CEO, National Health Authority, Vivek Joshi, secretary, Department of Financial Services(Virtual), Girija Subramanian, CMD, New India Assurance at the 106th Foundation day celebration of New India Assurance The government is...
Greater collaboration needed among regulators, public, pvt sector to harness fintech’s full potential: DFS Secy

Greater collaboration needed among regulators, public, pvt sector to harness fintech’s full potential: DFS Secy

by AIP Online Bureau | Apr 30, 2024 | Eco/Invest/Demography, Indian News, Technology

Vivek Joshi,Secretary,Department of Financial Services While the Fintech Associations presented the operational modalities and key challenges faced by the Fintech companies, the LEAs from the states shared their best practices on curbing cybercrime and financial...
Indian insurance industry receives Rs 54,000 crore FDI since December 2014: DFS Secy Joshi

Indian insurance industry receives Rs 54,000 crore FDI since December 2014: DFS Secy Joshi

by AIP Online Bureau | Mar 18, 2024 | Eco/Invest/Demography, Indian News, Life, Non-Life

Financial Services Secretary Vivek Joshi said that the Assets Under Management (AUM) nearly tripled to Rs 60.04 lakh crore as on March 31, 2023 as compared to Rs 21.07 lakh crore in 2013-14, while total insurance premium recorded more than two-fold jump to Rs 10.4...
Indian insurance industry receives Rs 54,000 crore FDI since December 2014: DFS Secy Joshi

Banks asked to check mis-selling of insurance products, safeguard account holders’ interest: DFS Secy

by AIP Online Bureau | Mar 17, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Policy

Vivek Joshi ,Financial Services Secretary Banks have been sensitised on the matter, as the Department of Financial Services (DFS) regularly gets complaints that fraudulent and unethical practices are being adopted by banks and life insurance companies for procuring...
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