Insurance sector seeing strong interest from foreign investors since 100% FDI: IRDAI chief

New Delhi, June 30 -- The insurance sector is seeing renewed interest from foreign investors since the foreign direct investment (FDI) limit was increased to 100% in 2024, Insurance Regulatory and Dev... Read More

HDFC Bank names former CEC, financial services secretary Rajiv Kumar as chairman

Mumbai, June 29 -- The board of HDFC Bank, late on Monday, approved the appointment of Rajiv Kumar as part-time chairman and additional (independent) director, three days after an external legal revie... Read More

Mint Explainer: RBI proposes structural controls, use case-based approach for AI/ML models

Mumbai, June 26 -- In a landmark draft, the Reserve Bank of India (RBI) has proposed a framework for financial institutions to develop, deploy, adopt, and manage technology models, including those tha... Read More

Digital fraud: Banks to cover up to 85% of loss, once in lifetime

Mumbai, June 24 -- Banks will need to compensate users of digital payment modes for up to 85% of the transaction value in cases of fraud within 5 days of the scam being identified or confirmed, under ... Read More

Government set to raise Rs.3,090 crore via 5% stake sale in GIC Re

Mumbai, June 15 -- The government aims to raise about Rs.3,090 crore by selling up to a 5% stake in General Insurance Corp. of India (GIC Re), to meet the market regulator's minimum public shareholdin... Read More

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