Lenders are not enthused because, as brokers, their responsibility towards policyholders will be higher than corporate agents.
After considering the facts and circumstances of the case including enormity of the prima facie violations observed against Karvy, Sebi in an order passed late night Friday said it would not be prudent to allow the use of PoA by Karvy given to it by its clients.
The building of the metro in south Bangalore has represented, to borrow a line, not the building of a city, but the sacking of a city.
Rediff.com brings for its readers some of the best images of the outer world provided by the US National Aeronautics and Space Administration and leading astronomers.
While law-abiding customers are harassed for KYC and have to comply with endless paperwork even to open and close accounts, DHFL could easily open nearly 260,000 fake home-loan accounts, reveals Debashis Basu.
The Satyam saga, which rattled India over five-and-a-half years ago as its biggest corporate fraud, has turned out to be a case of financial mis-statements to the tune of approximately Rs 12,320 crore, as per Sebi's probe.
Tyagi is possibly the first Delhi University VC to face suspension. University officials said such an action had not been taken against any VC in at least three decades.
Images from Day 2 of the Pink-ball first Test between Australia and India, in Adelaide, on Friday.
People in their quest to save tax usually end up buying a lot of unwanted insurance products.
'I'm very disappointed with our fielding, it is not up to the mark or standard expected'
Images from the third T20 International between Australia and India, at the Sydney Cricket Ground, on Tuesday.
A sloppy Real Madrid were held 0-0 at home to Real Betis on Saturday in a further blow to their hopes of retaining the La Liga title.
Harjot Singh Narula explains the basics of paid up insurance policies
Images from Day 9 of Wimbledon at the All England Lawn Tennis and Croquet Club in London, on Wednesday.
Leicester City's Jamie Vardy ended his long scoring drought with two goals after coming off the bench as they returned to winning ways with a 4-0 drubbing of Premier League strugglers Aston Villa at the King Power Stadium on Monday.
Chris Gayle, Ravindra Jadeja and Brendon McCullum among others could light up the tournament with their big-hitting on the flat pitches of Dhaka. With the fifth edition of the World Twenty20 championship commencing in Bangladesh on Sunday, here are the top 10 batsmen to watch out for in the tournament.
Ajai Shukla on the titanic mis-spending of lakhs of crores by the Indian defence forces
Industry body Amfi to hold meeting to decide on road map.
Images from the first Twenty20 International between India and Australia, in Canberra, on Friday.
Images from Wednesday's IPL match between Kolkata Knight Riders and Royal Challengers Bangalore, in Abu Dhabi.
A robo advisor may seem like the perfect solution for those with only a small investment capital who are just starting their investment journey, says Mrin Agarwal, founder, Finsafe India.
Images from Sunday's IPL match between Kolkata Knight Riders and SunRisers Hyderabad, in Abu Dhabi.
21-year-old beauty is crowned by fellow Indian and previous year's winner Himangini Singh Yadu
Communications between the USTR and the world's most powerful pharmaceutical and trade lobbying groups reveal that many raised concerns about India's push to exempt Covid vaccines from intellectual property.
Here's what your favourite Bollywood celebrities are tweeting.
Reserve Bank of India lens on mutual fund, insurance, gold coin sale by branch's non-sales staff
In a bid to gain a bigger share of the customer's wallet, banks are ramping up their cross-selling initiatives.
A total of 15,623 Brios and 15,603 Amaze cars will be recalled
Post office savings of 1, 2 and 3 year term deposits and 5-year recurring deposit currently fetch 8.4 per cent interest per annum.
Priority will be to maintain a balance between sector's growth and consumer welfare.
However, a recent rebound in banking shares -- which has pushed the Thomson Reuters Global Banks index up five percent this year -- possibly hides a crisis still threatening the existence of many in the sector as its leaders meet in Davos.
Exchanges will have to facilitate a more direct interface between clients and the clearing corporation, bypassing intermediaries such as brokers, under this new proposed framework.
A rundown of the key moments from India's classic Cricket World Cup Group B tie with England on Sunday
'Ishaan Khattar, with the please-fall-in-love-with-me looks in his eyes, carries the first episode,' observes Aseem Chhabra.
Spain forward Ansu Fati became the national team's youngest ever goalscorer as the 17-year-old inspired Luis Enrique's side to a resounding 4-0 win at home to Ukraine in the UEFA Nations League on Sunday.
Barcelona forward Pedro has damaged a calf muscle while away on international duty and will be out of action for 10 days, the La Liga leaders said in a statement on Wednesday.
A career Citibanker, 'Selva' came into the spotlight as the person who rewired the financial behemoth's Indian retail operations.
Images from Day 3 of the Wimbledon tennis championships played in London, on Wednesday.
The Union Home Ministry has referred two cases of Tamil Nadu-based Non-Governmental organisations for investigations for FCRA violations. The two NGO's have been organising demonstrations against setting up the Koodankulam nuclear power plant in the state.
The winning photos this year in Nikon's annual Small World Photomicrography Competition offer an up-close look at our world's microscopic realm -- things that can't be seen with the naked eye.
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