IRDAI asks LIC, other insurers to remain open on Saturday, Sunday [ad_1] The Insurance Regulatory Development Authority of India (IRDAI) has said that insurers are advised to keep their offices open as usual on March 30 and March 31, 2024 in order to avoid any hardships for policyholders due to the end of the fiscal year, which falls on a ...

Govt plans to borrow 53% of full-year target in the first half of FY25 The gross borrowing in the first six months of the upcoming financial year stands at Rs 7.50 trillion, out of the total borrowing target of Rs 14.13 trillion for FY25

Amazon, retailer fined Rs 45,000 for refund delay of faulty laptop delivered to customer [ad_1] A consumer court in Delhi has imposed a total penalty of Rs 45,000 on Amazon and a retailer for taking nearly 18 months to issue a refund for a faulty laptop, reported Times of India. The Delhi East District Consumer Disputes Redressal Commission, led by ...

Rupee recovers from all-time lows; rises 29 paise to 83.32 per dollar The rupee recovered from its all-time low level and appreciated 29 paise to 83.32 against the US dollar in early trade on Tuesday. At the interbank foreign exchange, the domestic currency opened at 83.33 and it gained ground and touched 83.32 against the greenback in initial deals, registering ...

The RBI way of firefighting Often, it’s a long investigation process, but the regulator doesn’t discuss this openly since that can threaten financial sector stability. There are no teasers

Those serious about retirement aren’t attracted to NPS tax benefits: Santosh Agrawal, Policybazaar [ad_1] While retaining its sharp focus on term plans, Policybazaar is now looking to sell annuity products without much concern for competition from the NPS, Santosh Agrawal, CBO, Life Insurance, Policybazaar tells ET Wealth. What do you think of Irdai’s proposal on increase in surrender charges? It’s ...

RBI to start special audit of IIFL Finance, JM Financial from Apr 12 On Mar 4, 2024, the RBI debarred IIFL Finance from sanctioning and disbursing fresh gold loans following “material supervisory concerns” and to protect the interests of customers with immediate effect

Player insurance premium up 25% this Indian Premier League Increased player value, susceptibility to injury drive premiums

RBI offices, bank branches for govt biz to stay open on Mar 30& 31 Special clearing operations for cheques

SROs must promote a culture of compliance among members, says RBI The membership criteria of the SRO would be as prescribed by RBI at the time of inviting the application for each category/class of REs