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PRUDENTIAL REGULATION DIVISION
Life insurers, distributors in talks to recast termsInsurers are renegotiating terms with distributors. This follows the government's GST exemption for individual life insurance policies. The...- Australia's ANZ to pay $160 million over bond deal, customer violationsAustralia and New Zealand Banking Group will pay a hefty fine. The penalty is for misconduct including charging deceased customers. The ban...
- RBI appoints Kesavan Ramachandran as new Executive DirectorReserve Bank of India has announced the appointment of Shri Kesavan Ramachandran as the new Executive Director. He will assume the role on ...
- IndusInd Bank to expedite search for a new CEOET had reported in March the IndusInd board has hired global executive search firm Egon Zehnder to assist in identifying candidates for bot...
- Paytm brings in new group head for regulatory affairsYanamandra joins the Noida-based financial services company from the New Development Bank in Shanghai, where he served as chief of the comp...
- COVID-19 crisis forces UK banks to axe billions in payoutsBritain's banking sector on Wednesday scrapped billions of pounds (dollars) in shareholder dividends and share buybacks after the Bank of E...
- TCS signs $690 million deal with Prudential Plc's unitThe administration of over 4 million life and pensions contracts will move from Prudential’s incumbent business partner to TCS.
- NHL-Highlights of Tuesday's NHL gamesICEHOCKEY-NHL-HIGHLIGHTS/:NHL-Highlights of Tuesday's NHL games
- SBI life undecided on IPO timing, quantity of dilutionAn insurance company going for a public offer has to shed a minimum of 10% stake as per the Indian regulations but the SBI-BNP Paribas join...
- MFs tap foreign investors to ease redemption pressure, pitch a slew of products to global institutionalFaced with huge redemption pressures, mutual funds have now increased focus on global market investors, selling a slew of equity and debt p...
- Heard on the street: Bajaj Finserv back on punters’ radarShares of Bajaj Finserv rose for the fifth consecutive session on Tuesday amid speculation that the company may retain a controlling stake.
- WTO to discuss financial crisis amid bailout concernsThe World Trade Organization will discuss the financial crisis next week to address concerns by some developing countries that bailouts hav...
- Prudential chairman defends AIA mega-dealPrudential chairman Harvey McGrath Tuesday defended a planned takeover of Asian insurer AIA as the British company's shares started trading...
- For Prudential boss, no risk seems to be too bigPrudential chief executive officer Tidjane Thiam knows about taking risks. He abandoned a career at McKinsey & Co in 1994 to become an advi...
- LIC to file its first health insurance plan this monthLIC has already put in place the support systems for the health insurance plan. It has tied up with eight third-party administrators to man...
- FIPB approves ICICI Finance stake sale to foreign firmsGoldman Sachs will be the largest foreign investor in the holding company. Other investors include Nomura, Swiss Re, Sequoia Capital and So...
- FM may free ICICI insurance planFIPB may have to reconsider ICICI's proposal to infuse foreign equity into insurance holding firm.
- FIPB may reconsider ICICI insurance proposalThe Foreign Investment Promotion Board is likely to reconsider the proposal in its next meeting scheduled for July 13.
- Shortage of actuaries hits new launchesInsurance companies in India are feeling like their pharma counterparts these days. There are enough products in the pipeline, but not enou...
- Prudential unit to settle MF trading probe, pay $600 mnThe brokerage unit of Prudential Financial has agreed to pay $600m to settle investigations of improper mutual fund trading, avoiding crimi...
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