by AIP Online Bureau | Feb 22, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Risk Management, Technology
Mule accounts are owned by people who are duped by fraudsters into laundering stolen/illegal money via their bank accounts. When such incidents are reported, the “money mule” becomes the target of investigations due to their involvement New Delhi: Banks in...
by AIP Online Bureau | Feb 22, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, Indian News, Policy, Risk Management
Under the Flood Management Programme (FMP) component of Flood Management and Border Areas Programme with an outlay of Rs. 2940 crore, central assistance will be provided to state governments for taking up critical works related to flood control, anti-erosion, drainage...
by AIP Online Bureau | Feb 22, 2024 | Indian News, Intermediaries, Life, Non-Life, Policy, Regulation
Out of many applicants, who had applied for the job, the Ministry of Finance, has shortlisted the names of Satyajit Tripathy, CMD, United India Insurance, Randip Singh Jagpal, executive director, IRDAI, LK Shyamsunder, zonal manager, South Central Zone, Life Insurance...
by AIP Online Bureau | Feb 21, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management, Technology
(Lto R) Shaktikanta Das, Governor, Reserve Bank of India, Nirmala Sitharaman, Union Minister for Finance and Corporate Affairs and Bhagwat K Karad,,Union Minister of State for Finance at the 28th meeting of FSDC in New Delhi The FSDC on Wednesday discussed various...
by AIP Online Bureau | Feb 21, 2024 | Data, Eco/Invest/Demography, Intermediaries
India continues to roll out the highest salary increases amongst the major economies amidst geopolitical tensions, followed by Bangladesh, and Indonesia with 7.3 per cent and 6.5 per cent average salary increases in 2024 New Delhi: Salaries in India are expected to...
by AIP Online Bureau | Feb 21, 2024 | Banking & Bancassurance, Briefs, Life, Policy
The government, on Wednesday, has appointed MR Kumar, former chairman of Life Insurance Corporation(LIC), as a part-time non-official director as well as non- executive chairman of Bank of India for a term of three years. Kumar had completed his term as the LIC...
by AIP Online Bureau | Feb 21, 2024 | Briefs, Non-Life
ICICI Lombard General Insurance has announced the appointment of Priya Deshmukh as Head of its Health Products, Operations & Services. She has 27 years of experience and was chief operating officer at Manipal Cigna Health Insurance before joining ICICI Lombard. In...
by AIP Online Bureau | Feb 21, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Intermediaries, Regulation, Risk Management, Technology
While Indian banks have boosted spending on technology to detect potential money laundering and prevent fraud, the cases are rising. The number of reported frauds of more than 100,000 rupees ($1,205) rose 68 per cent to more than 14,000 from April to September last...
by AIP Online Bureau | Feb 21, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology
LockBit ransomware group remains a key player in today’s threat landscape, with 17 per cent of ransomware engagements in 2023, a new report said on Tuesday. An international law enforcement operation led by Britain’s National Crime Agency and the FBI has...
by AIP Online Bureau | Feb 21, 2024 | Eco/Invest/Demography, Indian News, Policy
Talking about tailwinds for the next financial year, the report said prospects of healthy Rabi harvesting, sustained manufacturing profitability and underlying service resilience are expected to support economic activity in FY25 New Delhi:The outlook for the Indian...
