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US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details
The US, under President Donald Trump, is making strides in creating a nurturing environment for the crypto sector to grow. In a fresh development, the Federal Deposit Insurance Corporation (FDIC) has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the othe...
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Doctors' Body Flags Saif's Mediclaim Approval, Cites "Troubling Trend"
Days after Niva Bupa swiftly approved a medical insurance claim from actor Saif Ali Khan's family after the shocking attack on him, an organisation of medical professionals has written to insurance regulator IRDAI
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SEBI Bans 9 Entities From Market For Generating Illegal Gains Of Rs 21.16 Crore
Markets regulator Sebi has uncovered a front-running scheme involving PNB MetLife India Insurance Company equity dealer Sachin Bakul Dagli and eight other entities, who generated illegal gains of Rs 21.16 crore.
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Policy Loan Facility Mandatory In Life Insurance Savings Products: IRDAI
Regulator Irdai on Wednesday said the facility of policy loan is now mandatory in all life insurance savings products, enabling policyholders to meet liquidity requirements.
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US Banking Regulator Resigns After Reports Reveal Toxic Workplace Culture
A top US banking regulator offered his resignation Monday after an independent report found evidence of widespread sexual misconduct and a "patriarchal" culture at the agency he leads.
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US Makes New Alzheimer's Drug More Widely Accessible
The US drug regulator gave full approval to a new Alzheimer's medicine on Thursday, a move that makes it more widely available to the public through government-run health insurance for the elderly.
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LIC Announces Relaxations For Settlement Of Claims Of Those Hit By Biparjoy
Following insurance regulator Irdai directive, LIC on Saturday announced concessions to mitigate the hardships of the claimants of policies and also of Pradhan Mantri Jeevan Jyoti Bima Yojana affected by the Cyclone Biparjoy.
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Working To Ensure "Insurance For All By 2047": Regulator IRDAI Chairman
IRDAI Chairman Debasish Panda on Thursday said the regulator is working on three-pronged approach -- availability, accessibility and affordability -- to ensure 'Insurance for All by 2047'.
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Insurers Praise Move To End Credit Card Repayment For Loans On Insurance
Regulator Irdai's decision to bar repayment of loans taken against life insurance policies through credit cards is a good move and will prevent policyholders from falling into a debt trap, according to insurers.
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US's New York Community Bank To Take Over Failed Signature Bank's Assets
The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to another institution, the agency said on Sunday.
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Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
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Silvergate in Talks With FDIC Officials on Ways to Avoid Shutdown: Report
Silvergate Capital is currently in talks with US federal officials on ways to avoid a shutdown of the bank, according to a report. The bank made a "risk-based decision" to discontinue the Silvergate Exchange Network last week, and stated that it was delaying its annual report and said it was evaluating its ability to operate as a going concern.
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Address Consumer Complaints: Centre To Insurance Firms, Regulator
We are hopeful that the insurance companies will address the issues voluntarily. If the need arise, we will also request the regulator to make it mandatory, Consumer Affairs Secretary Rohit Kumar Singh said.
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Insurance Sector Needs Rs 50,000 Crore Capital Per Year For Growth: Regulator
Irdai's chief appealed to business conglomerates to channelise funds into the sector, saying the return on equity is at a healthy 14 per cent for life insurers and 16 per cent for non-life.
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Insurance Regulator Wants Discount For Policyholders With 3 Vaccine Doses
Amid a surge in coronavirus cases in several countries, regulator Irdai has asked insurers to consider giving discount on renewal of general and health insurance policies to policyholders who have taken three shots of COVID-19 vaccine.
-
US CFTC, FDIC Revoke Crypto-Related Restrictions for Banks: All Details
The US, under President Donald Trump, is making strides in creating a nurturing environment for the crypto sector to grow. In a fresh development, the Federal Deposit Insurance Corporation (FDIC) has announced that financial institutions under its oversight no longer need prior approval to dabble in crypto-related activities. The CFTC, on the othe...
-
Doctors' Body Flags Saif's Mediclaim Approval, Cites "Troubling Trend"
Days after Niva Bupa swiftly approved a medical insurance claim from actor Saif Ali Khan's family after the shocking attack on him, an organisation of medical professionals has written to insurance regulator IRDAI
-
SEBI Bans 9 Entities From Market For Generating Illegal Gains Of Rs 21.16 Crore
Markets regulator Sebi has uncovered a front-running scheme involving PNB MetLife India Insurance Company equity dealer Sachin Bakul Dagli and eight other entities, who generated illegal gains of Rs 21.16 crore.
-
Policy Loan Facility Mandatory In Life Insurance Savings Products: IRDAI
Regulator Irdai on Wednesday said the facility of policy loan is now mandatory in all life insurance savings products, enabling policyholders to meet liquidity requirements.
-
US Banking Regulator Resigns After Reports Reveal Toxic Workplace Culture
A top US banking regulator offered his resignation Monday after an independent report found evidence of widespread sexual misconduct and a "patriarchal" culture at the agency he leads.
-
US Makes New Alzheimer's Drug More Widely Accessible
The US drug regulator gave full approval to a new Alzheimer's medicine on Thursday, a move that makes it more widely available to the public through government-run health insurance for the elderly.
-
LIC Announces Relaxations For Settlement Of Claims Of Those Hit By Biparjoy
Following insurance regulator Irdai directive, LIC on Saturday announced concessions to mitigate the hardships of the claimants of policies and also of Pradhan Mantri Jeevan Jyoti Bima Yojana affected by the Cyclone Biparjoy.
-
Working To Ensure "Insurance For All By 2047": Regulator IRDAI Chairman
IRDAI Chairman Debasish Panda on Thursday said the regulator is working on three-pronged approach -- availability, accessibility and affordability -- to ensure 'Insurance for All by 2047'.
-
Insurers Praise Move To End Credit Card Repayment For Loans On Insurance
Regulator Irdai's decision to bar repayment of loans taken against life insurance policies through credit cards is a good move and will prevent policyholders from falling into a debt trap, according to insurers.
-
US's New York Community Bank To Take Over Failed Signature Bank's Assets
The US banking regulator has struck a deal to sell most of the assets of the failed Signature Bank to another institution, the agency said on Sunday.
-
Silicon Valley Bank Resolution Will Bring Relief to Startups in Aftermath of Collapse: Ashwini Vaishnaw
Amid US administration's move to backstop collapsed Silicon Valley Bank's (SVB) deposits, IT minister Ashwini Vaishnaw has said the developments are "reassuring" and will bring relief to startups. "SVB resolution is reassuring. (It) will bring relief to startups," Vaishnaw told PTI.
-
Silvergate in Talks With FDIC Officials on Ways to Avoid Shutdown: Report
Silvergate Capital is currently in talks with US federal officials on ways to avoid a shutdown of the bank, according to a report. The bank made a "risk-based decision" to discontinue the Silvergate Exchange Network last week, and stated that it was delaying its annual report and said it was evaluating its ability to operate as a going concern.
-
Address Consumer Complaints: Centre To Insurance Firms, Regulator
We are hopeful that the insurance companies will address the issues voluntarily. If the need arise, we will also request the regulator to make it mandatory, Consumer Affairs Secretary Rohit Kumar Singh said.
-
Insurance Sector Needs Rs 50,000 Crore Capital Per Year For Growth: Regulator
Irdai's chief appealed to business conglomerates to channelise funds into the sector, saying the return on equity is at a healthy 14 per cent for life insurers and 16 per cent for non-life.
-
Insurance Regulator Wants Discount For Policyholders With 3 Vaccine Doses
Amid a surge in coronavirus cases in several countries, regulator Irdai has asked insurers to consider giving discount on renewal of general and health insurance policies to policyholders who have taken three shots of COVID-19 vaccine.
