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RBI limits tenure of bank CEOs, MDs to 15 years, rule to be effective from October 1
RBI to conduct customer satisfaction survey on bank mergers
HDFC Life Insurance net profit grows 2.3% to Rs 319 crore in FY Q4 2020-21
Vibha Padalkar, MD & CEO, HDFC Life said, “Over the course of the year, we have settled over 2.9 lakh death claims resulting in payouts in excess of Rs.3,000 crore . Based on our actual experience in FY21 and after factoring in aspects such as latest mortality trends across business and customer segments and geographic spread of Covid 2.0, we have provided for a Covid reserve of Rs. 165 cr. for FY22. We will continue to review the adequacy of this reserve through the course of FY22. Despite logistical challenges through the year, we have insured close to 40 million lives in FY21.”
Bengaluru, facing India’s second-highest COVID-19 surge, to enter lockdown
Microsoft, Amazon,Goldman Sachs are among the hundreds of multi-national firms with technology or IT operations in Bengaluru which employ thousands of English-speaking professionals.
Indian IT services giants including Infosys, Wipro and Tata Consultancy Services also have major operations in the city.
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