Anshika Kayastha

The measure should be a “game-changer” as it would help attract foreign currency flows while allowing banks to bolster their deposit growth and meet client funding requirements, said P.D.

The central bank has capped bank exposure to completed, cash-generating assets, setting a 49% limit and barring refinancing of under-construction projects, as it issues final rules effective April 2027.

The US insurer is looking for a way to increase its 49.73% stake in PNB MetLife to gain majority control, aiming to turn India into a core driver of its global business.

Mumbai: The US-Iran deal to end the war in West Asia is likely to lead to some immediate correction in insurance pricing as supply chain pressures ease and aviation picks up, industry expert said.

The floor price for the proposed stake sale under the offer-for-sale (OFS) route has been fixed at ₹352 per share, GIC Re informed the exchanges late on Monday.

Anshika Kayastha Mumbai: The government aims to raise about ₹ 3,090 crore by selling up to a 5% stake in General Insurance Corp. of India (GIC

Mumbai, June 15 -- The government aims to raise about Rs.3,090 crore by selling up to a 5% stake in General Insurance Corp. of India (GIC Re), to meet the market regulator's minimum public shareholding requirements.

Even as India remains significantly under-insured, recent government measures, such as allowing 100% foreign direct investment (FDI) into the sector, will help bring more insurers into the country, said Joe Peiser, global CEO of risk capital at Aon Insurance Brokers

As per the new RBI framework, individuals and sole proprietors having lodged a complaint involving fraud-led loss of up to ₹ 50,000 will be eligible

RBI has proposed a draft Model Risk Management Framework requiring banks and financial institutions to set up board-approved governance for AI/ML and other models, including human oversight, kill-switch mechanisms, and bias testing.