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Nirmala Sitharaman to hold FSDC meeting on May 8 to review economy Finance Minister Nirmala Sitharaman on Monday is likely to hold a meeting to review the status of the economy, sources in the know of things said on Sunday. She is expected to hold a meeting of the financial stability and development council (FSDC), which is likely to be attended by regulators of the financial institutions, namely the chiefs of RBI, IRDA and SEBI, among others. The meeting will review the current global and domestic economic situation and financial stability issues, sou...
Nirmala Sitharaman to hold FSDC meeting on May 8 to review economy
Nirmala Sitharaman to hold FSDC meeting on May 8 to review economy
Source: IANS
7/05/2023 5:36:17 PM
Hinduja group offers to infuse Rs 300 crore in Reliance General Insurance The Hinduja group has made an offer to invest an additional Rs 300 crore in Reliance General Insurance. Reliance General Insurance, a unit of Reliance Capital, needs cash infusion to maintain solvency levels. IndusInd International Holdings Ltd (IIHL), which is owned by Hinduja, made the highest bid of Rs 9,650 crore for Reliance Capital in a second auction on Wednesday. Reliance General Insurance had sought Rs 600 crore cash infusion from lenders in December last year to meet solven...
Hinduja group offers to infuse Rs 300 crore in Reliance General Insurance
Hinduja group offers to infuse Rs 300 crore in Reliance General Insurance
Source: IANS
27/04/2023 5:43:33 PM
Insurance laws amendments shouldn't change basic structure : Experts Any amendments to Indian insurance laws should not change their basic structure that was derived from the Malhotra Committee on Insurance Reforms, said experts. Low penetration of insurance in India cannot be linked to statutory capital and solvency norms as they are entirely different, the experts added in the context of the Indian government planning to reduce the minimum capital for an insurance company. "The cause for the low insurance penetration should not be attributed to th...
Insurance laws amendments shouldn't change basic structure : Experts
Insurance laws amendments shouldn't change basic structure : Experts
Source: IANS
14/09/2022 3:16:53 PM
IRDAI to hold Open House sessions with regulated entities The Insurance Regulatory and Development Authority of India (IRDAI) will be holding an Open House for all the regulated entities on 15th of every month at its headquarters in Hyderabad. According to IRDAI, the Open House will be chaired by the Chairman and in his absence the senior most whole-time member along with other officials. The IRDAI has requested all the regulated entities- insurers, intermediaries- to make use of this initiative and offer pragmatic solutions to reduce signific...
IRDAI to hold Open House sessions with regulated entities
IRDAI to hold Open House sessions with regulated entities
Source: IANS
13/04/2022 12:11:44 PM
General insurers close FY22 with 11% growth  The non-life insurance sector closed last fiscal with about 11 per cent growth over the previous year, said the Insurance Regulatory and Development Authority of India (IRDAI). According to it, the general insurance industry had earned a total premium of Rs 220,634.73 crore as against Rs 198,714.72 crore earned during 2020-21. Within the overall figure, the standalone health insurers earned Rs 20,880.08 crore in FY22 up from Rs 15,755.18 crore in FY21. Under the specialised ins...
General insurers close FY22 with 11% growth
General insurers close FY22 with 11% growth
Source: IANS
11/04/2022 6:50:07 PM
Debashish Panda likely to fill vacant IRDA chief post Debashish Panda, who retired as Secretary, Department of Financial Services, Ministry of Finance is likely to be the new Chairman of IRDA, according to sources close to the development. The IRDA Chairman post has been laying vacant since April 2020. In an unprecedented move, SEBI's present Chairperson Ajay Tyagi is likely to get a third extension for one more year. Debasish Panda's term as Financial Services (DFS) Secretary had ended on January 31 2022. Panda, a 1987-batch...
Debashish Panda likely to fill vacant IRDA chief post
Debashish Panda likely to fill vacant IRDA chief post
Source: IANS
6/02/2022 4:10:11 PM