Fintech Revolut said it had now entered the "mobilisation" stage, sometimes referred to as "Authorisation with Restrictions." The licence i...

HSBC faces a £57.4 million ($73 million) fine from the Bank of England for "serious failings" in safeguarding certain customer deposits. Th...

Tax authorities estimate that 16 insurance companies in all owe the government about 50 billion rupees ($610 million) in unpaid taxes, inte...

Citigroup Inc was fined £44 million ($57 million) by the Bank of England for years of inaccurate reporting to regulators about the lender’s...

The appointment of 63-year-old Nair is subject to the approval of shareholders, the private sector lender said in a regulatory filing.

The insurance regulator had directed ICICI Prudential Life Insurance to take over assets and liabilities of policyholders of Sahara India L...

ICICI Prudential Life has expressed its interest to take over the policyholders’ assets and liabilities of Sahara Life.

Irda had flagged concerns over the management of Sahara Life, saying it had reasons to believe the insurer may act in a manner “prejudicial...

The regulator noted that the insurer had floated various sales campaigns under rewards and recognition programme.

The central bank had entered into an MoU for supervisory co-operation with the Financial Services Authority (FSA) of the UK in July, 2012.

The Bank of England has not yet approved any individual as the new chief executive of Barclays bank, a spokeswoman for the BoE.

Standard Chartered and UKbased insurer Prudential entered into a 15-year agreement on March 14.

The Reserve Bank has signed cooperation agreement with central banks of Australia and New Zealand for exchange of information.

The government will set up a state-of-the-art system to monitor the mid-day meal scheme on a real-time basis.

The announcement had been expected last week but Prudential was delayed by questions raised by the Financial Services Authority, the UK fin...

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...

The need for such a body seems to have become urgent with Sebi and IRDA locked in a bitter dispute over regulation of ULIPs.