To make KYC process simpler, agencies have offered new guidelines.
Under the new rules, IRDAI has reduced the waiting period to three years and the moratorium period from eight years to five years
Recently, Hong Kong and Singapore banned certain spices of MDH and Everest and ordered quick removal of these from the store shelves
Analysts are of the view private banks stand a chance to give handsome returns from here on due to the valuation comfort.
The company also noted that customer engagement remained strong and consistent, as evidenced by a 35.2% year-on-year increase in total data traffic to 40.9 billion GB during the quarter
These actions have been taken based on concerns arising out of RBI's IT examination of the bank for 2022 and 2023 and the failure on part of the bank to address these concerns
Extreme weather conditions and volatile price of crude oil could rush the risk of facing inflation, not only this, the prolonged geopolitical tension would have a hand in it
Multi-asset investing is a strategic portfolio management method that entails distributing investments across a range of asset classes instead of concentrating solely on one, such as stocks or bonds.
The Insurance Regulatory and Development Authority of India (IRDAI) has given the green light for launching variable annuity plans which is a significant departure from the fixed annuity products that life insurance companies can offer currently, The Economic Times has reported.