Life insurance premium collections grew by 10.78 per cent during the first quarter of the current fiscal to Rs 36,729.79 crore against Rs 33,156.16 crore during the same quarter last year, according to figures released by insurance regulator IRDAI.
RBI has invited application for the post of CEO of the NCFE, an institution set up in collaboration with other financial regulators.
Acting tough on those violating emission norms, Irdai has said vehicles without a valid Pollution Under Control (PUC) certificate will not be insured.
The proposed 51 per cent stake purchase by insurance major Life Insurance Corporation in IDBI Bank may not require Parliament's approval as it does not require any changes in the LIC Act, sources said.
Congress today targeted the government over the of the Life Insurance Corporation board's decision to buy a majority stake in the ailing IDBI bank.
The long-cherished plan of the national insurer LIC to own bank today moved closer to reality with the regulator Irdai giving a go-ahead to pick a controlling stake in the crippled IDBI Bank.
Insurance behemoth LIC will acquire up to 51 per cent stake in state-owned IDBI Bank after regulator Irdai approved the plan that will help convert the debt-ridden lender into a private sector entity.
The board of insurance regulator Irdai is scheduled to meet tomorrow amid reports that insurance behemoth LIC may pick up a majority stake in state-run IDBI Bank.
Government sounded evasive about the media reports that it was planning to ask LIC to take a controlling stake in the crippled IDBI Bank.
Markets regulator Sebi today approved the establishment of National Centre for Financial Education (NCFE) as a firm under the Companies Act.
ICICI Lombard sells 17.7 Lk shares or 0.84% equity at Rs 270/sh
In pact with Reliance Nippon to sell Mutual Fund products
Nextgen Vakrangee Kendras to offer mutual fund distribution on pan India basis
Plans to sell part of se Asia biz as part of strategy to exit non scalable biz
To sell Singapore & Thailand units valuing them at $ 500Mn
Singapore & Thailand biz contributes 16% to revenues & 2% to EBITDA
To turn focus to domestic market
Avendus cap-KKR emerge as frontrunner to acquire IDFC MF
Offer of Rs 3,000-4,000 Cr made by FIN services firm