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Insurance CEOs’ pay now linked to claims and customer grievances: What it means for policyholdersInsurance CEOs’ remuneration will now partly depend on how well they treat policyholders, from settling claims to resolving complaints. A t...- Health insurance works only when everyone contributesA small group of health insurance customers accounts for most hospitalisation costs. The remaining 95% must pay premiums to keep the system...
- SBI employees' federation stages dharna in Kolkata, plans nationwide strike on May 25-26State Bank of India Staff Federation protested in Kolkata demanding recruitment and an end to mis-selling insurance. Employees will strike ...
- SBI employees’ 2-day strike on May 25, 26: Pension fund manager option to ‘NPS employees’, parity issue among 16 demandsSBI employees' nationwide strike May 25, 26: The demands raised by the federation include recruitment of messengers and armed guards, adequ...
- Belgian insurer Ageas eyes India growth, explores acquisitions for expansionBelgium's Ageas Group is prioritizing India's growth, aiming to break into the top 10 insurers in both life and non-life segments. The comp...
- Lloyds pilots AI investment guidance tool as UK regulator studies impactLloyds Banking Group is the first UK lender to pilot an AI tool for investment guidance. This initiative aims to help customers navigate in...
- Ahana announces RBI reporting solution for co-operative banks using its proprietary Data ModelAhana introduces a new solution for co-operative banks. It aims to simplify Reserve Bank of India reporting. The system uses a special data...
- IIT Delhi graduate was happy to bag Rs 17 LPA in first job. Later realises the real cost he has to payA 24-year-old graduate from the Indian Institute of Information Technology Delhi has gone viral after quitting his Rs 17 LPA banking job, c...
- Youth reveals why he left Rs 17 LPA banking job: ‘Five days a week became six days a week, had to eat within 15 minutes….’A finance professional resigned from a ₹17 lakh banking role due to immense pressure, long hours, and unrealistic monthly targets of ₹10 cr...
- 'Rs 17 LPA not worth it': IIT Delhi graduate quits bank job, says 'can’t sell peace of mind for a salary package'A 24-year-old IIT Delhi graduate resigned from a high-paying banking job, citing a toxic work culture that eroded his health and peace of m...
- “Misselling isn’t just about commissions”: Bandhan Life CEO on insurance reality checkSatishwar B., MD and CEO, Bandhan Life Insurance, discusses the Public Insurance Registry, Bima Sugam, misselling and commissions, in a con...
- Insurance policy mis-selling trap: Over 80% of users on online insurance platforms experience dark patterns, reveals studyFrom 1 July, stricter norms issued by the Reserve Bank of India will come into force against banks’ mis-selling of financial products, incl...
- Dubai regulator probe found HDFC’s DIFC branch kept quiet for 5 years, failed to meet integrity standardsBanks own ethics panel found high number of regulatory breaches while onboarding clients; Deloitte, Kroll also had conducted probe. Funding...
- AIBEA writes to FM seeking probe into HDFC Bank matter after chairman's exitThe AIBEA said there is a need for HDFC Bank's 120 million customers, shareholders and also the general public to feel reassured, and hence...
- India has managed war disruptions better than many other economies: P D SinghIndian businesses and banks are navigating the West Asia conflict with resilience. Deal pipelines remain largely unaffected, with only war-...
- Voltas gets Rs 23.52 crore customs demand over import misclassificationCustoms authorities have issued a Rs 23.52 crore demand notice to air-condition maker Voltas. This action follows allegations of mis-classi...
- Mis-selling an offence under Bharatiya Nyaya Sanhita, banks should concentrate on core business: FM Nirmala SitharamanFinance Minister Nirmala Sitharaman strongly condemned banks for mis-selling financial products. She highlighted that this practice is now ...
- 100% refund for mis-sold financial products and crackdown on dark patterns: How RBI’s new draft can benefit customersThe Reserve Bank of India is implementing stricter regulations against financial institutions for mis-selling products. New draft direction...
- RBI proposes July 1 rollout of stricter mis-selling rules for banksThe Reserve Bank of India is introducing new rules for banks. Banks must now refund customers fully if a product or service is mis-sold. Th...
- Why Post office MIS customers must link their savings accountIf an account holder fails to link his or her savings account to MIS before March 31, 2022, interest will be credited to miscellaneous offi...
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