by AIP Online Bureau | Aug 1, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
MuleHunter is based on artificial intelligence and machine learning-based algorithms, and being given free to banks for now, Suvendu Pati, a chief general manager,RBI Mumbai: At least 15 more banks are set to implement the RBI-developed MuleHunter platform over the...
by AIP Online Bureau | Aug 1, 2025 | Indian News, Non-Life, Regulation
“The OIC board has approved the decision and we have written to the Central Bank of the UAE that our Dubai office will be placed under run off operations with effective from midnight of 7th August. We will honour all our liabilities and commitments to all our...
by AIP Online Bureau | Aug 1, 2025 | Indian News, Life, Policy, Regulation
“As far as LIC is concerned, we have completed the RFP process. The process for appointment of merchant bankers and legal advisors has been completed,” DIPAM) Secretary Arunish Chawla said The government needs to offload another 6.5 per cent stake in the...
by AIP Online Bureau | Aug 1, 2025 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Non-Life, Reinsurance, Risk Management
Climate change is a systemic risk that demands a systemic response. As first responders to disasters, insurers must shift their mindset from viewing climate as a hazard to seeing it as a call to innovate Rakesh Jain, CEO, Reliance General Insurance India, with its...
by AIP Online Bureau | Aug 1, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Pension & Social Security, Policy
A staggering 55.44 crore Jan Dhan accounts have been opened in India, 56 per cent of which belong to women, and the total amount in these deposits has surpassed Rs 2.5 lakh crore as of May 21 this year. New Delhi: Nearly 6.6 lakh new PM Jan Dhan Yojana accounts were...
by AIP Online Bureau | Aug 1, 2025 | Eco/Invest/Demography, Indian News, Policy
This week, the Trump administration cited the purchases as a reason to hit India with hefty import tariffs and also threatened more unspecified penalties for taking the oil. New Delhi has since asked refiners to devise and share plans on sourcing crude from elsewhere...
by AIP Online Bureau | Jul 31, 2025 | Indian News, Policy, Risk Management, Technology
Over the next five years, more than 7,000 students from every district of Odisha will gain “futuristic and job-ready skills in AI, blockchain, InsurTech and digital finance”, an official release said. Bhubaneswar: The Odisha government on Thursday announced the launch...
by AIP Online Bureau | Jul 31, 2025 | Indian News, Non-Life, Policy, Risk Management
DGCA found 51 safety lapses at Air India in its July audit, including lack of adequate training for some pilots, use of unapproved simulators and a poor rostering system, according to a government report seen by Reuters. NEW DELHI: India’s aviation regulator...
by AIP Online Bureau | Jul 31, 2025 | Indian News, Policy
The country’s state refiners – Indian Oil Corp, Hindustan Petroleum Corp, Bharat Petroleum Corp and Mangalore Refinery Petrochemical Ltd – have not sought Russian crude in the past week or so, four sources familiar with the refiners’ purchase...
by AIP Online Bureau | Jul 31, 2025 | International News, Non-Life, Reinsurance
The sale is part of Markel’s broader strategy to simplify operations and grow the business by empowering local expert teams to serve the distinct needs of their core specialty insurance markets. RICHMOND, Va: Markel Insurance, the insurance operations within...
