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RBI dumps GVA model, switches back to GDP to measure economy
Ola launches first-of–Kind Rs one In-Trip insurance for customers
Through this Rs 1, cover designed with the collaborations with Acko General and ICICI Lombard General, Ola customers can avail an insurance policy of Rs 5 lakh that among other risks also provide benefits in cases of loss of baggage or laptops, missed flights, accidental medical expense, ambulance transportation cover, and much more. The optional in-trip insurance program can be purchased through the Ola app. The claims can be made through the Ola app as well as the provider’s website, mobile app and, call center
RBI bans regulated entities from dealing with cryptocurrencies,promotes Blockchain
The central bank has given three months to regulated entities like banks to unwind their positions with the entities related to cryptocurrencies, RBI Deputy Governor BP Kanungo said in a media conference. The regulator, however, decided that it will promote the use of blockchain – a public ledger that serves as the backbone of bitcoin – in financial services for strengthening transparency and improving inclusion.
SBI Life to venture into Bahrain soon, open to acquisition
“We have completed setting up our Bahrain Branch and would start our operations somewhere in April. The idea is to serve overseas expatriate population. Later on, we can also look at other gulf countries like Dubai. We may also consider entering into Nepal,’’ said Arjit Basu, the outgoing MD & CEO of SBI Life
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