The pension fund managers distribute products under the National Pension System.
Bankers and executives involved in ATM operations said challenges abounded in this segment.
After a gap of about five years, a public sector bank (PSB) has decided to rope in a cricketer to boost its brand.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
At present, there is no cap on free transactions at own-bank ATMs, while customers can use other banks' machines up to five times a month without any extra cost.
The first step that has been taken by IIB is to bring out unique identity numbers for hospitals.
Delays in returning money for disputed transactions have also come under RBI's scanner.
RBI's draft guidelines prescribe that banks with a strong capital base and NPAs below 3% can become brokers.
According to Insurance Regulatory and Development Authority recommendations, a uniform grace period of 30 days is extended for annual, half-yearly and quarterly renewals, and 15 days for monthly renewals.
Life Insurance Corporation of India (LIC) on Friday got its first female managing director and another new MD.
The Indian Nuclear Energy Pool, meant to insure risks from nuclear reactors, may take longer to be set up. While the idea of forming a pool was mooted earlier this year, it has reached a deadlock owing to differences among the stakeholders on certain clauses.
Meet to review progress on lending, impact of recent rate cuts and what is being done on NPAs, among other things
Most insurers aren't comfortable with subscribing to the National Pension System as they see it as competition.
For FY14, the first full year of the law's implementation, the spend could go up to nearly Rs 8,700 crore (Rs 87 billion), given that India Inc's profitability has grown at a compounded 7.5 per cent annually in the past three years.
Directors that are shareholders will also face more problems.
The insurer plans to hire about 2,00,000 agents this financial year.
More than a decade after it entered the market, Naukri.com, Info Edge (India) Ltd's recruitment services portal, has about 50,000 customers and about 120,000 job listings.
All categories of NRI deposits saw net inflows in July.
The rupee, which has depreciated about 23 per cent since May, has increased the loss ratios for the travel insurance segment.
While there has been a rise in obesity reduction surgeries, it may still take time before health insurance cover is made available for these.
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