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PSU banks ready to play a larger role towards Viksit Bharat 2047: DFS Secretary

PSU banks ready to play a larger role towards Viksit Bharat 2047: DFS Secretary

by AIP Online Bureau | Sep 13, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

M Nagaraju, Financial Services Secretary Key suggestions included adopting next-generation technologies, building common infrastructure, and designing hyper-personalized products. The discussions stressed the importance of modernising PSB technology by moving beyond...

SIP investments surge nearly 8x in nine years, touch Rs 28,265 crore in Aug: Report

by AIP Online Bureau | Sep 13, 2025 | Data, Eco/Invest/Demography, Wealth Management/ Philanthropy

Between August 1996 and August 2025, the study found that the maximum return generated through SIPs was 55.6 per cent, while the minimum return fell to -24.6 per cent.Interestingly, the study also found that mid-cap SIPs have provided better average returns than...
General insurers’ body asks AHPI to withdraw its warning against Star Health and ensure uninterrupted cashless services

General insurers’ body asks AHPI to withdraw its warning against Star Health and ensure uninterrupted cashless services

by AIP Online Bureau | Sep 13, 2025 | Health, Indian News, Non-Life

AHPI has proceeded with its unilateral action, signalling a preference for disruption over collaboration to improve customer service and protect patient interests, alleged the GI Council Mumbai: General Insurance Council(GI Council), the official representative body...
US FDA clears Apple Watch hypertension feature

US FDA clears Apple Watch hypertension feature

by AIP Online Bureau | Sep 13, 2025 | Data, Eco/Invest/Demography, Health, Risk Management, Technology

The company unveiled a blood pressure monitor in its latest Apple Watch at a September 9 event, where it also introduced a refreshed iPhone lineup, including a slimmer iPhone Air. Apple said the new hypertension notification feature will be available on Apple Watch...
“Initial payouts not sufficient,” claims Mike Andrews, US lawyer for Air India 171 crash victims

“Initial payouts not sufficient,” claims Mike Andrews, US lawyer for Air India 171 crash victims

by AIP Online Bureau | Sep 13, 2025 | Indian News, Non-Life, Reinsurance

Asked about initial payments being offered by Air India to the families, Andrews dismissed them as insufficient. “No, that payment is not going to be sufficient over the rest of their lives,” Mike Andrews, a lawyer based in Montgomery, Alabama said The...
Monsoon disasters claims 386 lives, cause losses of Rs 4,465 crore

Monsoon disasters claims 386 lives, cause losses of Rs 4,465 crore

by AIP Online Bureau | Sep 13, 2025 | Data, Disaster & Management, Eco/Invest/Demography, Non-Life

The cumulative monetary loss is pegged at ₹4,46,574.93 Lakh (₹4,46,5 crore), the bulk of which comes from damage to roads, power, water supply, agriculture, horticulture, education, fisheries, and rural development infrastructure – ₹2,71,879 Lakh in damage to...
New IRDAI chief Seth to meet insurance CEOs on Sept 17

New IRDAI chief Seth to meet insurance CEOs on Sept 17

by AIP Online Bureau | Sep 12, 2025 | Health, Indian News, Life, Non-Life, Policy, Regulation

Ajay Seth, chairman, IRDAI Though, basically it will be a welcome meeting for the insurers, Seth will use the forum to discuss a few things including the action plan by the insurers to implement the new goods and services tax (GST) plans announced by the government on...
SEBI eases IPO shareholding rules, brings relief for large companies

SEBI eases IPO shareholding rules, brings relief for large companies

by AIP Online Bureau | Sep 12, 2025 | Eco/Invest/Demography, Indian News, Regulation, Risk Management, Wealth Management/ Philanthropy

According to SEBI’s release, companies with a market capitalisation of Rs 50,000 crore to Rs 1 lakh crore will now get more time to meet the public shareholding requirements. They will be required to achieve 15 per cent MPS within five years of listing and 25 per cent...
FinMin for creation of two globally competitive banks as part of Viksit Bharat vision

FinMin for creation of two globally competitive banks as part of Viksit Bharat vision

by AIP Online Bureau | Sep 12, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

The issue of globally competitive banks was deliberated during the first day of the two-day-long PSB Manthan 2025, organised by the Department of Financial Services here, One of the key points discussed was how to make at least two banks globally competitive and that...
Hospitals’ body warns Star Health against unfair practices, cautions on suspending cashless services

Hospitals’ body warns Star Health against unfair practices, cautions on suspending cashless services

by AIP Online Bureau | Sep 12, 2025 | Health, Indian News, Non-Life

“Unless Star Health Insurance takes definitive steps to address the concerns expressed by member hospitals in a timely manner, AHPI and its member hospitals may be constrained to take appropriate action, including withdrawal of cashless services for the policyholders...
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