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Indian Fintech: Fast, Furious — and Fraudulent?
Media reports suggest that more non-bank intermediaries after Paytm Payments Bank may expect a rap on the knuckles. Just what has made the Reserve Bank of India so cranky all of a sudden? Andy MukherjeeFirst, Paytm was asked to freeze its banking business, a crackdown...
Slumping EV prices force carmakers to repay leasing firms
Leasing companies are demanding concessions from EV makers, including agreements that manufacturers will buy back vehicles, to protect against further erosion in the $1.2 trillion second-hand car market Carmakers have begun compensating leasing companies for the...
Number of stocks with over $1 bn M-cap nearly doubled to 500 since 2019
"The Indian equity markets are the only ones across the major emerging market (EM) economies which have consistently given more than 10 per cent annualised returns over the last 5-year/10-year/15-year/20-year periods. New Delhi: The market depth in India has increased...
Centre issues stern warning against surrogate ads seen as harming consumers
“We are committed to working collaboratively with all stakeholders as we navigate through this evolving issue. The Department of Consumer Affairs reaffirmed its stance with utmost clarity that any continued involvement in surrogate advertising will not be condoned. It...
SBI Life Insurance launches 24×7 Helpline for NRIs
SBI Life Insurance launched an exclusive 24x7 Inbound Helpline for Non-Resident Indians (NRIs) to provide global accessibility of after sale services. Customers residing anywhere outside India can leverage this premium service* by dialing the dedicated helpline...
‘Money mule’ bank accounts on the rise in India: Report
Mule accounts are owned by people who are duped by fraudsters into laundering stolen/illegal money via their bank accounts. When such incidents are reported, the "money mule" becomes the target of investigations due to their involvement New Delhi: Banks in India need...
Cabinet approves continuation of Flood Management and Border Areas Programme
Under the Flood Management Programme (FMP) component of Flood Management and Border Areas Programme with an outlay of Rs. 2940 crore, central assistance will be provided to state governments for taking up critical works related to flood control, anti-erosion, drainage...
Govt shortlists 4 candidates for selecting IRDAI’s Member, Distribution
Out of many applicants, who had applied for the job, the Ministry of Finance, has shortlisted the names of Satyajit Tripathy, CMD, United India Insurance, Randip Singh Jagpal, executive director, IRDAI, LK Shyamsunder, zonal manager, South Central Zone, Life Insurance...
FSDC to formulate strategy to digitalise KYC process in financial sector, curbing illegal online lending
(Lto R) Shaktikanta Das, Governor, Reserve Bank of India, Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs and Bhagwat K Karad,,Union Minister of State for Finance at the 28th meeting of FSDC in New Delhi The FSDC on Wednesday discussed various...
Salaries in India to increase 9.5 pc in 2024: Aon survey
India continues to roll out the highest salary increases amongst the major economies amidst geopolitical tensions, followed by Bangladesh, and Indonesia with 7.3 per cent and 6.5 per cent average salary increases in 2024 New Delhi: Salaries in India are expected to...
Former LIC chairman MR Kumar appointed as non- executive chairman of Bank of India
The government, on Wednesday, has appointed MR Kumar, former chairman of Life Insurance Corporation(LIC), as a part-time non-official director as well as non- executive chairman of Bank of India for a term of three years. Kumar had completed his term as the LIC...
ICICI Lombard appoints Priya Deshmukh as Head – Health Products, Operations & Services
ICICI Lombard General Insurance has announced the appointment of Priya Deshmukh as Head of its Health Products, Operations & Services. She has 27 years of experience and was chief operating officer at Manipal Cigna Health Insurance before joining ICICI Lombard. In...
Indian regulators seek to crack down on potential fraud in financial sector
While Indian banks have boosted spending on technology to detect potential money laundering and prevent fraud, the cases are rising. The number of reported frauds of more than 100,000 rupees ($1,205) rose 68 per cent to more than 14,000 from April to September last...
Lockbit cybercrime gang faces global takedown with indictments and arrests
LockBit ransomware group remains a key player in today's threat landscape, with 17 per cent of ransomware engagements in 2023, a new report said on Tuesday. An international law enforcement operation led by Britain's National Crime Agency and the FBI has arrested and...
Outlook for Indian economy appears bright, 7 pc GDP growth expected in FY’25: FinMin report
Talking about tailwinds for the next financial year, the report said prospects of healthy Rabi harvesting, sustained manufacturing profitability and underlying service resilience are expected to support economic activity in FY25 New Delhi:The outlook for the Indian...
More than half the world faces high measles risk, WHO says
"What we are worried about is this year, 2024, we've got these big gaps in our immunisation programmes and if we don't fill them really quickly with the vaccine, measles will just jump into that gap," the WHO's Natasha Crowcroft, a Senior Technical Adviser on Measles...
Draft AI regulation framework to be released by July: Rajeev Chandrasekhar
'We will fully exploit the potential of AI but set up the guardrails as well to prevent misuse. We are today seen by the world at the forefront to harness AI technology. We are all for deploying AI across use cases, from farm to factories and we want to use AI for...
Howden India is now Great Place To Work certified
Howden Insurance Brokers India has been Great Place To Work® Certified™ in India from Febuary,2024 to Febraury,2025! “The certification serves as a testament to our ongoing efforts in promoting a culture of collaboration, innovation, and employee satisfaction. It not...