Insurance claim: Cyclone Biparjoy: Insurance claim payments to be disbursed at the earliest, says Irdai [ad_1] The Insurance Regulatory and Development Authority of India (IRDAI) has asked life insurers to take necessary steps for quick claim settlement of insurance claims in all states affected by cyclone Biparjoy. Cyclone Biparjoy is predicted to do significant damage to infrastructure and property (including ...

Irdai fine-tuning Bima Sugam, likely to miss its August launch date The launch of the much-touted affordable insurance product Bima Sugam is likely to be delayed beyond August timeline as regulator Irdai is working on fine-tuning the product, which will help deepen insurance penetration and simplify the claim procedures. Bima Sugam once launched will serve as an online ...

What if you miss Aadhaar-PAN linking deadline? Here’s what I-T dept says There are only a few weeks until the deadline for taxpayers to link Aadhaar card with their Permanent Account Number (PAN) card expires. The Income Tax (I-T) Department extended the deadline until June 30. However, it imposed a fine of Rs 1,000 for taxpayers who apply for ...

Sebi issues guidelines on product offerings by online bond platforms Capital markets regulator Sebi on Friday restricted online bond platform providers from offering products other than listed debt securities on their platforms. In addition, the regulator allowed them to offer securities such as Government Securities, Treasury Bills, listed Sovereign Gold Bonds, listed municipal debt securities, and listed securitised ...

RBI imposes Rs 20 lakh fine on Manappuram Finance NBFC norms violation The Reserve Bank has imposed a penalty of Rs 20 lakh on Manappuram Finance for non-compliance with certain provisions of the NBFC norms. This penalty on the Thrissur-based gold loan company, which by AUM is the second largest such pure-play lender, is based on the deficiencies ...

Pvt banks’ slippages from Covid recast nearly double than that of PSBs Private sector banks’ slippages and write-offs from loans restructured after the COVID-19 pandemic are nearly double than that of their state-owned peers, a report said on Friday. Private sector banks have seen slippages and loan write-offs at 44 per cent, as against 23 per cent in ...

Delayed monsoon can impact inflation, expect CPI at 5.2%: Deutsche Bank A German brokerage on Friday warned that with the delayed monsoon, there is no scope for complacency on inflation even though official data for May has shown a cool-off. Deutsche Bank said it expects the average Consumer Price Inflation (CPI) for FY24 to come to 5.2 per ...

Farmers in Rajasthan to get housing loans under cooperative scheme Rajasthan farmers to get Rs 500 cr in FY24 to build greenhouses, shade nets Insurance cover to benefit 2 million cattle rearers in Rajasthan RSS-affiliated BKS warns govt of trouble if farmers demand not met on time Madhya Pradesh govt plans to pay insurance premium of small farmers How have ...

IndusInd Bank, Wise to offer low-cost and online inward remittance services IndusInd Bank, on Friday, announced its partnership with Wise, the global technology company specialising in moving and managing money around the world, to offer online inward remittance services to Non-Resident Indians (NRIs) residing in US and Singapore. IndusInd Bank’s multi-partner remittance service platform – Indus Fast Remit (IFR) ...

rbi: Banks ask RBI to frame policy for silver loans [ad_1] Banks have reached out to the banking sector regulator, seeking a policy framework for silver metal loans on the lines of existing gold metal loans, or GML, for borrowers which are mostly exporters or domestic manufacturers. This comes after silver exports including silver jewellery jumped by around 16% in ...