HDFC Bank has initiated an internal enquiry into the alleged leak of confidential information by two senior executives, with investigators examining whether the disclosed information was misused.
The Insurance Regulatory and Development Authority of India (Irdai) has proposed a phased reduction in the expenses of management (EoM) limits for insurers, aiming to lower the overall cost of insurance and enhance returns for policyholders. The proposals also include a new framework for commissions, stricter measures against mis-selling, and mandatory cost audits.
If a bank sold the policy, complain to its grievance cell and, if necessary, escalate the complaint to the Reserve Bank of India Ombudsman.
'Why should I think of giving up?'
Australia need six wickets on final day to win first Test as South Africa were reduced to 102 for 4 at stumps on day four in Durban.
India's men's hockey team successfully defended their Asian Games gold medal by defeating Malaysia 5-1, securing a direct qualification for the 2028 Los Angeles Olympics.
Seasoned spinner Axar Patel delivered a crucial final over, helping India clinch a narrow two-run victory against Japan in a rain-curtailed one-off T20 International in Sano, despite a challenging pitch and a low-scoring affair.
Sashidhar Jagdishan, the managing director and chief executive of HDFC Bank, has opted out of being considered for reappointment after his current term ends on October 26, choosing to retire after nearly three decades with the lender.
Sashidhar Jagdishan, the managing director and CEO of HDFC Bank, has announced his decision not to seek reappointment and will retire at the end of his current term on October 26, concluding a six-year tenure marked by significant regulatory and governance challenges, including RBI restrictions, a major merger, and scrutiny over alleged illegal payments.
The Securities Appellate Tribunal (SAT) has dismissed Ketan Parekh's appeal challenging Sebi's denial of his request to cross-examine two traders from Capital Group, related to an alleged front-running scheme.
'There is mis-alignment in strategic thinking of the board and management.' 'As the business environment and customer behaviour evolve rapidly, boards are increasingly looking for leaders who can bring new ideas and challenge legacy approaches.'
Carlos Alcaraz's bow-and-arrow celebration at the US Open after his victory over Jaime Faria sparked widespread curiosity. The Spanish tennis star revealed the unique gesture was a special request from his two younger brothers, Sergio and Jaime, highlighting his role as a family-oriented role model and adding a personal touch to his Grand Slam performance.
The Directorate of Revenue Intelligence (DRI) has dismantled a large-scale network involved in fraudulently importing South-East Asian areca nuts into India. The syndicate falsely declared the nuts as Bangladeshi origin to evade customs duty, leading to a potential revenue loss of over Rs 2,500 crore. Nine individuals have been arrested in connection with the scam.
Premature surrender and withdrawal of life insurance policies in India have surpassed maturity payouts over the past five years, indicating a growing trend of policyholders exiting long-term policies before their full tenure, according to data presented in the Lok Sabha.
The Securities and Exchange Board of India (Sebi) is set to expand its artificial intelligence (AI)-based surveillance beyond trading data to include corporate filings, aiming to proactively flag financial misstatements and manipulation in quarterly results without relying solely on investor complaints.
Understanding a product and assessing its suitability improve the chances of staying invested. Use life insurance mainly to cover risk, not to seek returns.
Defending champion Iga Swiatek was defeated by Filipina Alexandra Eala in the third round of Wimbledon. Swiatek attributed the loss to shortcomings in her game rather than pressure, contrasting it with her French Open exit. She acknowledged a year of inconsistency and stated her intention to "trust the process" and focus on improving her tennis.
Eleven-year-old Indian racing prodigy Atiqa Mir demonstrated exceptional talent by securing pole position in the Champions of the Future Academy Program Round 3 in Viterbo, Italy, out-qualifying two Mercedes F1 junior drivers.
An Home Loan Protection Plan repays the outstanding loan if the borrower dies or suffers a covered disability.
Rohit Sharma and Ryan Rickelton script history with a 143-run stand as Mumbai Indians chase 229 in style, with a vintage 'Hitman' knock lighting up Wankhede.
Concerned over the rise in mis-selling of products by banks and non-banking financial companies (NBFCs), the Reserve Bank of India (RBI) is examining whether to come up with norms to curb such practices. Observing that pushing financial products, such as insurance, indiscriminately to unaware consumers may be detrimental to their well-being, RBI Deputy Governor M Rajeshwar Rao said, "We are examining whether it necessitates framing of guidelines to address mis-selling of financial products and services by REs (regulated entities)."
Rajesh Exports has vehemently denied allegations of inflated revenues and preferential share placement to LIC, labelling them 'speculative inferences' and affirming its commitment to addressing concerns raised by Sebi.
Indian cricketer Suryakumar Yadav and his wife Devisha Shetty have welcomed a baby girl. The Mumbai Indians star's availability for the next IPL match is uncertain due to paternity leave.
The controversy involves mis-selling Credit Suisse AT-I bonds to NRIs as fixed-maturity instruments, later written off after collapse.
Hardik Pandya likely to miss more Indian Premier League matches due to back spasms, with Mumbai Indians awaiting clarity on their captain's return.
Shares of Indian life insurance companies, particularly SBI Life Insurance and Canara HSBC Life Insurance, saw significant declines after the Department of Financial Services (DFS) secretary, M Nagaraju, stated that banks are being asked to avoid exclusive tie-ups with their own insurance subsidiaries and instead remain neutral.
Shreyas Iyer, captain of Punjab Kings, expressed his disappointment with the team's bowling and fielding performance after their defeat to Delhi Capitals in the IPL.
Jofra Archer's superb all-round showing helped Rajasthan Royals outclass Mumbai Indians to seal their place in the IPL 2026 playoffs, in Mumbai.
Aakash Chopra questions Hardik Pandya's impact as Mumbai Indians struggle at the bottom of IPL 2026, urging fresh ideas and a fearless approach.
In a move aimed at curbing the mis-selling of financial products, the Reserve Bank of India (RBI) has proposed banning incentives paid to bank staffers by third parties such as insurance companies and mutual fund houses for selling their products and services. It has also proposed that banks must ensure their user interfaces do not deploy "dark patterns" to lure customers.
Four individuals, including two bank managers, have been arrested in Telangana for allegedly siphoning off Rs 2.65 crore from a state-owned bank branch in Nalgonda district.
It has now reached a stage where MI is a team living on its past glory with ageing stars. The game has moved on -- faster, younger and more fearless.
Royal Challengers Bengaluru powered their way to 240/4 with half-centuries from Virat Kohli, Phil Salt and Rajat Patidar, before holding off a late fightback to beat Mumbai Indians by 18 runs in a high-scoring IPL clash on Sunday.
I wonder if I can rest assured -- before the election ink on my finger fades -- that my home state is at the threshold of a better future, wonders Vice Admiral Biswajit Dasgupta (retd).
Congress leader Shashi Tharoor is urging the Indian government to take a more proactive role in mediating the escalating conflict between the US-Israel alliance and Iran, emphasising the impact on India's energy security and regional stability.
'LIC will reduce but not fully exit its stake in IDBI Bank, which remains an important bancassurance partner,' says LIC of India' MD and CEO R Doraiswamy.
Not just my lips every part of my body prayed for dropped catch: Faheem Ashraf
IPL For perhaps the first time in IPL history, the Ambanis watched an auction slip away not because of choice, but because of cash.
Dipendra Singh Airee and Sompal Kami's late partnership helped Nepal reach 133 for 8 against the West Indies in their T20 World Cup Group C match. Airee's 58 and Kami's unbeaten 26 lifted Nepal after a poor start.
Delhi Capitals put up an all-round display to extend their remarkable consistency, storming into a fourth consecutive Women's Premier League final with a comprehensive seven-wicket win over Gujarat Giants in the Eliminator, in Vadodara, on Tuesday.
