General, life insurers with 8 & 10 yrs in biz, respectively, may have to list
Capital adequacy and tighter regulation are just one step forward.
Faced with stricter recall & testing norms, industry puts up a brave face, saying recalls improve consumer confidence
The proposed issue of shares would be subject to approval of shareholders and regulatory authorities, the release added.
'It is likely the government may opt for an IAS officer.' 'For the government, an IAS officer will be more easy to deal with,' notes A K Bhattacharya.
Irdai will maintain a centralised list of the details of all agents appointed by insurers.
A government panel on Net neutrality has proposed to regulate domestic calls made using Internet-based calling applications such as Skype, WhatsApp and Viber at par with phone call services offered by telecom operators.
Breaking silence over the Rs 12,967 crore scam at Punjab National Bank, he said: "I have chosen to speak today to convey that we at the Reserve Bank of India also feel the anger, hurt and pain at the banking sector frauds and irregularities."
Last year, Ranbaxy had paid around $4,20,000 to the US state of Idaho as part of a $500-million settlement that the drug firm had signed with US authorities.
While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm
Members of Parliament, state legislatures, and local governments not eligible to be members of PSB boards
The environment ministry on Thursday gave its nod to a plan for constructing a grand statue for Maratha warrior king Shivaji in the Arabian Sea off the coast of Mumbai.
Companies use journalists as conduits.
Since NPS is used for a long-term goal like retirement, allowing younger investors to have higher exposure to equities will give them a chance to earn higher returns.
Mutual fund houses hold Rs 3,400 crore of Yes Bank's 'riskier' bonds. Reliance MF, Franklin Templeton MF and UTI MF account for bulk of these exposures.
'Today, bankers don't want to take risks as the good decisions taken by them were not protected.' 'There is risk involved in all decisions, like businessmen taking risks in their businesses.' 'A banker must have taken a decision when the economic condition was different, and you cannot question him on the basis of the present situation in hindsight.' 'Naturally, this has affected the morale of bankers.'
A bench of Justices Arun Mishra and U U Lalit also cancelled the leases of Amrapali's properties granted by the Noida and Greater Noida authorities and directed the Enforcement Directorate to investigate alleged money laundering by CMD Anil Sharma and other directors and senior officials of the group.
The decision was taken at a board meeting of Sebi held in Mumbai.
However, the road to profitability has already hit some hurdles for the Delhi-based bank as the Union government has rejected its demand for an additional capital infusion of around Rs 8,000 crore in 2018-19
Scores 0 on front seat protection and 2 stars for rear seat child occupant protection
Writes to Trai, Mumbai Police to catch unauthorised SMS senders
From zeroing in on the best means for stake dilution to moving beyond microfinance, Bandhan navigates a tough path. Namrata Acharya reports.
The court said that the existing regulations were not sufficient to regulate the NGOs across the country.
It is also considering to hike FDI cap for public sector from 20 per cent to 49 per cent
Is the RBI unable to accept with grace that beyond 55, one can have the ability to head the compliance functions in a bank, asks Tamal Bandyopadhyay.
Govt says there is enough spectrum, telcos differ
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The company had in May announced that the US Food and Drug Administration had issued an import alert on its Waluj facility, which makes injectables and solid dosages.
In a rare move, the DGCA has filed a police complaint against 34 pilots of Jet Airways, IndiGo, SpiceJet and GoAir.
According to the chairman, there will be an annual loss of Rs 100 crore due to the MHRA alert on Waluj plant
The infusion will help the airlines plan their next rounds of operations as easing of 5/20 norms
A DoT panel has backed net neutrality and made some recommendations to push the cause
Insolvency and Bankruptcy Code bound stocks have witnessed a steep fall in 2018.
While there has been a rise in obesity reduction surgeries, it may still take time before health insurance cover is made available for these.
The Budget will focus on Gujarat's GIFT City.
As probe into suspected black money stashed abroad by Indians gathers steam, banks in Switzerland are running from pillar to post to safeguard their interest.
'Last year, Rs 20,000 crore was ripped off from the banking system.' 'The situation has deteriorated under the Modi government.'
Now, in many cases, they give no old jewellery but the bills they get show gold as provided by them, the jeweller's making charge and the GST on that.
Sebi has restrained Saiprasad Corporation from raising funds from the public through its schemes.
Overall, net investment by foreign investors stood at Rs 2.58 lakh crore in 2014.
The first half of 2019-20 will be under pressure, since prices are expected to go up by Rs 7,000-8,000 at a time when sentiment is poor.
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