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Securities and Exchange Board of India’s Chief Madhabi Puri Buch on Wednesday speaking at Global Fintech Fest 2022 said that…
Thomas has been with the general insurance industry for over 35 years in roles spanning management of direct and reinsurance underwriting, loss adjustment and broking across the Indian and Middle East insurance markets.
Das added, “The emergence of FinTech players and the growing popularity of their innovative products have challenged the existing players in financial services in maintaining their market share, margins and customer base. The incumbent firms are responding to these challenges by adopting various strategies, which include making investments in FinTech companies and partnering with them. They are also enhancing their in-house capabilities to adapt to the new realities.”
Recently on June 10, IRDAI had reduced the number of off-line returns being submitted by Life Insurers from forty to only four whereas the number of online returns would come down from eight to five. Further, three separate certification requirements have also been consolidated into one.
The Reserve Bank of India’s Governor, Shaktikanta Das today on May 17 and 18 held meeting with select MD &…
Six of the eleven applicants were not found suitable by RBI for granting of in-principle approval to set up banks.
The RBI today announced the appointment of Sitikantha Pattanaik and Rajiv Ranjan as its new Executive Directors. Both have an experience of more than three decades in economics field and have been associated with the central bank earlier.
IRDAI’s Open House is intended to invite suggestions from all the regulated entities for achieving the overall objective of increasing insurance penetration in the country and to work towards resolution of impediments hindering the process.
Digital banking products and services would generally mean those financial products/services whose designs and fulfilments have nearly end-to-end digital life cycle with the initial customer acquisition / product delivery necessarily taking place digitally through self-service or assisted self-service.