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PRUDENTIAL REGULATION AUTHORITY
Retail SIP boom boosts AMC outlook; Nippon, ICICI Pru lead pack: Siddhartha KhemkaIndia's asset management sector is transforming with systematic investing driving growth and stability, reducing reliance on volatile discr...
Australian banks warned frontier AI could create larger, faster cyber attacksAustralia's banking regulators, APRA, are sounding the alarm over escalating cyber threats. Advanced AI tools like Anthropic's Claude Mytho...
Prudential Plc names Amit Dave as CEO, Abhishek Saraf as COOPrudential Plc has appointed Amit Dave as CEO and Abhishek Saraf as COO for its upcoming health insurance joint venture with HCL Group in I...
British fintech Revolut gets UK banking licence, ending three-year waitFintech Revolut said it had now entered the "mobilisation" stage, sometimes referred to as "Authorisation with Restrictions." The licence i...
HSBC fined 57 million pounds for 'serious' deposit protection failuresHSBC faces a £57.4 million ($73 million) fine from the Bank of England for "serious failings" in safeguarding certain customer deposits. Th...
India tax department cracks down on Bajaj Allianz, ICICI Prudential amid wider probe - sourcesTax authorities estimate that 16 insurance companies in all owe the government about 50 billion rupees ($610 million) in unpaid taxes, inte...
Citigroup hit with $57m fine in UK for incorrect reportingCitigroup Inc was fined £44 million ($57 million) by the Bank of England for years of inaccurate reporting to regulators about the lender’s...
ICICI Bank names Radhakrishnan Nair as Independent DirectorThe appointment of 63-year-old Nair is subject to the approval of shareholders, the private sector lender said in a regulatory filing.
SAT quashes Irda order on transfer of Sahara Life businessThe insurance regulator had directed ICICI Prudential Life Insurance to take over assets and liabilities of policyholders of Sahara India L...
Irda directs ICICI Prudential Life to takeover Sahara LifeICICI Prudential Life has expressed its interest to take over the policyholders’ assets and liabilities of Sahara Life.
Subrata Roy seeks time from Irda to turnaround Sahara Life InsuranceIrda had flagged concerns over the management of Sahara Life, saying it had reasons to believe the insurer may act in a manner “prejudicial...
Irdai imposes 20 lakh fine on ICICI Prudential Life for various violationsThe regulator noted that the insurer had floated various sales campaigns under rewards and recognition programme.
RBI inks information exchange pact with UK financial bodyThe central bank had entered into an MoU for supervisory co-operation with the Financial Services Authority (FSA) of the UK in July, 2012.
Bank of England says has yet to approve any new CEO at BarclaysThe Bank of England has not yet approved any individual as the new chief executive of Barclays bank, a spokeswoman for the BoE.
Standard Chartered’s deal signals end to Bajaj Allianz tie-upStandard Chartered and UKbased insurer Prudential entered into a 15-year agreement on March 14.
RBI signs cooperation pact with central bank of Australia, NZThe Reserve Bank has signed cooperation agreement with central banks of Australia and New Zealand for exchange of information.
- State-of-the-art system to monitor midday meal scheme
The government will set up a state-of-the-art system to monitor the mid-day meal scheme on a real-time basis.
- Prudential offers rights issue to raise $21 bn
The announcement had been expected last week but Prudential was delayed by questions raised by the Financial Services Authority, the UK fin...
- AIG, Prudential in talks to restructure Asian deal: Report
American International Group Inc and Britain's Prudential Plc are in advanced talks to restructure the USD 35.5 billion sale of the US grou...
- Backing for stability body grows
The need for such a body seems to have become urgent with Sebi and IRDA locked in a bitter dispute over regulation of ULIPs.