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.
'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.
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.
Not just my lips every part of my body prayed for dropped catch: Faheem Ashraf
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.
Ravi Kaushik has sold 70,000 units of air filters through his start-up Airth and aims to sell 10 lakh units in the next five years.
IMAGES from the ICC 2026 T20 World Cup match played between England and Nepal in Mumbai on Sunday
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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)."
IPL For perhaps the first time in IPL history, the Ambanis watched an auction slip away not because of choice, but because of cash.
Chelsea's Enzo Fernandez scored a smash-and-grab goal deep in injury time to salvage a 1-1 draw with Manchester City on Sunday.
Banking sector has witnessed healthy growth in advances in the third quarter of financial year 2026 (Q3FY26) against the same period last year, as the full impact of goods and service tax (GST) rate cuts drove growth. Most of the lenders saw their credit growth outpace the deposit growth in the quarter.
The CBI has booked the son of industrialist Anil Ambani, Jai Anmol Anil Ambani, and Reliance Home Finance Ltd. (RHFL) in a case of alleged cheating in Union Bank of India that caused a loss of Rs 228 crore to the public bank, officials said on Tuesday.
Vice-captain Vihaan Malhotra's exhilarating stroke-play was well complemented by Aaron George's composure as India set up an Under-19 Asia Cup summit date with arch-rivals Pakistan after crushing Sri Lanka by eight wickets in a rain-curtailed semi-final, in Dubai, on Friday.
Insurance intermediaries who receive disproportionately high commissions are likely to see a decline in their payouts, post the new Insurance Amendment Bill. The new Bill gives the Insurance Regulatory & Development Authority of India (Irdai) the power to disgorge unlawful gains made by insurers and intermediaries as well as the right to limit commissions paid to intermediaries.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
Blaming Indigo entirely for the crisis, Naidu said that even on December 1, 2025, when the Ministry met with Indigo on FDTL, as it required some clarification, the company didn't flag the issue that caused the crisis.
Lakshya Sen stormed into the men's singles final of the Australian Open Super 500 badminton tournament after a gritty three-game victory over world No. 6 Chou Tien Chen of Chinese Taipei in the semi-finals, in Sydney, on Saturday.
Sutherland, Gardner sparkle as Australia outplay England by six wickets
'We'll sit down and review -- see what went well, where we can improve, and how we can keep learning every day. There'll be a meeting for that. One game won't change our mindset.'
'The kind of reach it has with so many bank branches even in the remotest part of the country, it is one channel which will play a very important role in vision of insurance for all.'
While fans speculate about a possible engagement, Ronaldo has yet to share any confirmation on his own social platforms.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
The 23-year-old Salima has been an integral part of the team for a while after being appointed captain last year.
'While we expand into other areas, banca remains our primary channel, and we continue to be a banca-led organisation.'
The National Sports Governance Bill has become an Act after President Droupadi Murmu gave her assent to the landmark legislation that promises to revamp India's sports administration.
World champion D Gukesh overcame a loss against Leinier Dominguez Perez to beat the American duo of Wesley So and Fabiano Caruana to stand at fourth spot.
Root said that it is amazing being a "second fiddle" to Brook and watching his fine shotmaking from the "best seat in the house".
The much-debated idea of a two-tier Test system, expansion of the T20 World Cup and ratification of new members are some of the topics that will be discussed in depth during the four-day AGM of the International Cricket Council.
Pandya did admit that execution on part of MI bowlers was off the mark.
Many affluent young people are first-generation wealthy. They have limited financial literacy, lack quality financial guidance or role models, and often fall prey to mis-selling. This makes them hesitant to invest in high-return assets like equities.
'Every misadventure by Pakistan will be met with strength and every future escalation will invite a decisive response'
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Fraudsters lure individuals with false promises of recovering bonuses or maturity proceeds from lapsed policies.
The Congress on Sunday cited the reported comments of India's defence attache to Indonesia that the Indian Air Force lost fighter jets to Pakistan during Operation Sindoor and accused the government of having 'misled' the country.
'Modi's charisma may have weakened as last year's Lok Sabha poll results showed but in the eyes of the Sangh Parivar, it has not waned.' 'Minus a strong BJP government at the Centre for another decade and more, there is apprehension that an anti-Hindutva government could reverse many of the ideological gains that the Modi dispensation has achieved through its three terms,' points out N Sathiya Moorthy.
The Income-Tax (I-T) Department has detected widespread tax evasion involving cryptocurrencies and, according to media reports, has issued emails to thousands of defaulting taxpayers seeking transaction details. Investors must understand the tax rules governing crypto assets and respond promptly to these emails.
In 2023-2024, 95 scheduled commercial banks received over 10 million complaints from their customers. The process of KYC at many banks has become 'HYC' -- harass your customer, points out Tamal Bandyopadhyay.
In front of a tournament-high crowd of 81,188 at MetLife Stadium that included US President Donald Trump, Chelsea triumphed to bag the biggest club title.
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