PSB reforms only on paper; 10 don't even have chairman

The talk of governance reforms at public-sector banks seems to remain on paper, as a majority of them continue to be working with just a handful board members. Illustration: Uttam Ghosh/Rediff.com......

Life begins at 40: Nation's insurer must now sport a new look

As a government-owned behemoth, Life Insurance Corporation managed to stay ahead of the competition when the sector was thrown open - but only with some painful changes. Life Insurance Corporation......

Jan Dhan Yojana: Clarity awaited on insurance

A P Hota, MD & CEO, NPCI, Usha Ananthasubramanian, CMD, BMB and Hari Bhatt, APAC Head- FIS, launches first-ever RuPay Chip Card to be issued by Bharatiya Mahila Bank. Photograph: Courtesy, NPCI......

State-run non-life insurers' unions seek merger of all 4 companies

Employee unions of four state-owned non-life insurers have called for a merger of all these companies and form a single general insurance behemoth to strengthen their market share and become more......