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IRDAI PENALTY CANARA HSBC
He trusted Canara Bank for 31 Years, then was sold a life insurance plan that pays at age 93; IRDAI orders Rs 4 lakh refund and ₹1 crore fine for mis-selling- HSBC, ICICI Bank emerge as biggest FX lenders to India’s diaspora in GIFT City
- NRI woman declared Rs 43,796 income in ITR but didn’t report Rs 14 lakh interest; faced 200% penalty – how she got it reduced to 50% in ITAT
- HSBC raises ACME Solar target price by 15%; stock jumps 5%. Why is the brokerage bullish?ACME Solar shares rose sharply after HSBC raised its target price by 15% to Rs 450 and retained its Buy rating. The brokerage sees signs of...15 Sep, 2026, 02.50 PM IST
- Best aggressive hybrid mutual funds to invest in September 2026As per Sebi norms, these schemes must invest 65-80% in stocks, and 20-35% in debt. This mixed portfolio helps to deal with the market volat...15 Sep, 2026, 09.32 AM IST
- TRUSTMF Small Cap and HSBC Midcap among top 7 equity mutual funds that delivered over 20% returns in 1 year. Do you own any?Seven equity mutual funds delivered over 20% returns in the last one year, led by TRUSTMF Small Cap Fund with a 32.28% gain. Five smallcap ...14 Sep, 2026, 12.41 PM IST
- Indian moves to US for job, forgets to file ITR, Income Tax Dept imposes Rs 8.29 lakh penalty; ITAT Jaipur cancels penalty and gives full reliefIndian employee working in US imposed with Rs 8.29 lakh penalty for missing to file ITR after moving to US; ITAT Jaipur cancels penalty and...14 Sep, 2026, 07.00 AM IST
- India crowned Asia Cup champions with 4-1 win over KoreaIndia secured the Junior Asia Cup title by defeating Korea 4-1 in the final match. This victory marked India's sixth continental crown and ...13 Sep, 2026, 08.55 PM IST
- Selling insurance but not handling customer grievances: IRDAI fines IndusInd Bank Rs 1 crore; here's what policyholders should knowIndusInd Bank faces a Rs 1 crore penalty from IRDAI for failing to provide an adequate, insurance-specific grievance redressal mechanism fo...11 Sep, 2026, 03.38 PM IST
- AI alone won’t close India’s insurance gap as NITI Aayog seeks industry help to reach the ‘missing middle’To effectively narrow the insurance gap in India, collaboration between government and private entities is crucial, as technology alone is ...11 Sep, 2026, 02.38 PM IST
- ₹1 crore penalty on Canara HSBC Life Insurance Company over mis-selling of a deferred annuity policy to an 88-year-old senior citizenAn 88-year-old was sold a deferred annuity policy despite age restrictions, leading to a Rs 1 crore penalty for Canara HSBC Life. IRDAI fou...11 Sep, 2026, 01.18 PM IST
- Rising global yields may constrain India's rate-cut cycle despite resilient growth: HSBCThe rising global bond yields are complicating India's monetary policy easing efforts. Despite sturdy domestic growth, external economic de...11 Sep, 2026, 07.55 AM IST
- Canara Bank eyes $2 billion via overseas bondsCanara Bank intends to raise two billion dollars from international markets. This significant funding will be secured through its medium te...11 Sep, 2026, 06.19 AM IST
- Stocks in news: Canara Bank, Vodafone Idea, Premier Energies and ACME SolarIndian equity markets saw a slight recovery on Thursday after recent declines. Canara Bank plans to raise substantial funds through bond is...11 Sep, 2026, 06.00 AM IST
- Canara HSBC Life fined Rs 1 crore for mis-selling policy to 88-yr-old via Canara BankCanara HSBC Life Insurance Company received a ₹1 crore penalty from IRDAI. The fine was imposed for mis-selling a deferred annuity policy t...11 Sep, 2026, 12.22 AM IST
- Canara Bank plans to raise Rs 4,500 crore through AT-1 bonds next weekCanara Bank plans to raise up to Rs 4,500 crore through Basel III-compliant AT-1 bonds next week at an expected 7.85%-7.90% coupon. The iss...10 Sep, 2026, 06.47 PM IST
- HSBC's first female CFO Pam Kaur to step down in 2027Pam Kaur, the Chief Financial Officer at HSBC, is set to resign in 2027, prompting the bank to initiate a search for a new leader. This sea...10 Sep, 2026, 06.11 PM IST
- Savings account interest rates of up to 7%: Canara Bank, Bank of India, IDFC First Bank revise rates; check detailsCanara Bank, Bank of India, and IDFC FIRST Bank have announced updates to their savings account interest rates, which will take effect on S...09 Sep, 2026, 02.44 PM IST
- Irdai fines ICICI Lombard Rs 1 crore for outsourcing, vendor management lapsesThe Insurance Regulatory and Development Authority of India has imposed a ₹1 crore penalty on ICICI Lombard General Insurance for lapses in...08 Sep, 2026, 12.56 AM IST
- Curb misselling, not agents: Insurance reform needs a scalpel, not a hammerIndian insurance regulators are rethinking intermediary payment structures to reduce misselling. Proposed reforms aim to lower distribution...05 Sep, 2026, 12.55 AM IST
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