RBI allows LIC to raise holding in IndusInd Bank to 10%
Reserve Bank of India (RBI) has approved the largest insurer in India Life Insurance Corporation to raise its stake in Read more
Public-sector banks and many government offices were shut recently on the second day of a general strike called by 11 trade unions pressing their demands and to protest against the ‘government’s pro-market reforms’. Read more
Insurance Regulatory and Development Authority (Irda) has collected a whopping Rs 2.56 crore as penalty in the June to September period. The insurance regulator had imposed penalties ranging from Rs 5 lakh to Rs 1.47 crore on insurance companies. On one instance, a penalty of Rs 15 lakh was imposed on Indusind Bank, which is the corporate agent of Cholamandalam MS General Insurance. Read more