by AIP Online Bureau | Aug 13, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
“The report envisions a financial ecosystem where encouraging innovation is in harmony, and not at odds, with mitigation of risk,” the RBI said in a statement MUMBAI: An RBI panel has recommended that banks and other financial institutions formulate a...
by AIP Online Bureau | Aug 13, 2025 | Banking & Bancassurance, Indian News, Technology
To improve the efficiency of cheque clearing and reduce settlement risk for participants, and to enhance customer experience, the RBI has decided to transition CTS from the current approach of batch processing to continuous clearing with...
by AIP Online Bureau | Aug 13, 2025 | Indian News, Non-Life, Reinsurance, Technology
“We have hired Mike Andrews. We expect the raw details of information from the black-box to come before us at the earliest so that we can make further decisions regarding the next course of steps, along with our lawyer. In India, trials get dragged out for...
by AIP Online Bureau | Aug 13, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
TDB — together with the African Export Import Bank — has found itself at the center of an increasingly contentious debate about including the lenders’ facilities in sovereign-debt restructuring on the continent. While Afreximbank is adamant it won’t participate, TDB...
by AIP Online Bureau | Aug 13, 2025 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance, Risk Management
Metformin, traditionally used to manage type 2 diabetes, and rapamycin, an immunosuppressant developed for organ transplant recipients, are part of a growing list of substances being explored for anti-aging purposes, Swiss Re said. In some cases, the medications are...
by AIP Online Bureau | Aug 12, 2025 | Eco/Invest/Demography, Indian News, Risk Management, Technology
These regulations will ensure that the control and operation of power system elements including solar inverters, as well as the exchange of related information, including real-time data, will remain within national boundaries, the Minister of State (MoS) for Power...
by AIP Online Bureau | Aug 11, 2025 | Workplace/Employee Benefits
Severe weather, non-timely action in re-routing plane probable causes for IndiGo incident in May: DGCA Severe weather and non-timely action in re-routing the aircraft clear of weather were the probable causes that led to IndiGo’s Delhi-Srinagar flight incident...
by AIP Online Bureau | Aug 11, 2025 | Indian News, Intermediaries, Reinsurance
The exact details of the deal has not been disclosed by either parties. UIB Group had a miniority stake in the Indian insurance broker with Indorama SPL Group and Lucas & Mayo Group as majority shareholders Mumbai: UK based UIB Group, one of the largest...
by AIP Online Bureau | Aug 11, 2025 | International News, Reinsurance, Risk Management, Workplace/Employee Benefits
The sexual molestation liability (SML) product will also cover related legal costs and damages or settlements resulting from claims made during the policy term. In addition, SML clients will benefit from the services of global specialist risk consultancy, Control...
by AIP Online Bureau | Aug 11, 2025 | Climate, Environment, Renewable Energy, International News, Risk Management, Technology
The “massive and unforeseen” presence of jellyfish in the filter drums of pumping stations closed four out of six reactors at Gravelines on the north coast of France, EDF said in a statement on Monday. Pumping stations for coastal nuclear plants usually draw in sea...
