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INSURANCE WATCHDOG CHIEF
Insurers may need prior approval from IRDAI to appoint new chiefThe Insurance Regulatory and Development Authority of India (IRDAI) is considering measures to enhance governance in the insurance sector. ...- CVC asks banks, govt depts to send factual report on corruption complaints in one month"Chief Vigilance Officers (CVOs) are required to submit the factual report to the commission, on the basis of scrutiny of relevant records/...
- Irdai asks insurers to make provisions for IL&FS exposureThe IL&FS group with a debt of over Rs 94,000 crore, has been defaulting on its financial obligations since August and has also borrowed fr...
- Rotate employees in sensitive posts: CVC directs banks, insurance companiesThe CVC had in May this year asked banks and insurance companies to effect rotational transfers in respect of those officers in sensitive p...
- Fast-track probe in corruption cases: CVC to banks, govt departmentsThe CVOs of banks, insurance companies and other government departments have to review and take action expeditiously on departmental probes...
- Insurers need to link top management payouts with risks: IRDAIInsurers should ensure that compensation doled out to top level management personnel, including CEOs, are adjusted to risks in the business...
- LIC Nomura Mutual Fund names Sarojini Dikhale as CEOLIC Nomura Mutual Fund AMC named Sarojini Dikhale as new chief executive officer -- the only woman leading an Asset Management Company in c...
- Lapses in procurement: CVC effects recovery of over Rs 1 croreThe probity watchdog has effected recovery of Rs 152.29 crore last year after technical examination of 61 works carried out by various govt...
- IRDA enjoys complete freedom, differences are good: ChairmanIRDA's stance had been that LIC should be kept at par with private insurers regarding investment cap while the Ministry had favoured higher...
- Max Life Insurance April-December profit before tax at Rs 657 croreMax Life Insurance reported a 15 per cent rise in profit before tax (PBT) at Rs 657 crore in the first nine months (April-December) of the ...
- Guidelines for traditional life insurance products soon: IRDAIn June last year, the insurance regulator had circulated draft guidelines on the proposed changes in life insurance products.
- IRDA to come up with final 'bancassurance' guidelines in FebruaryInsurance regulator IRDA is likely to come up with 'Bancassurance' guidelines by the first week of February, Chairman J Hari Narayan said t...
- Government suspends New India Assurance CMD M Ramadoss over Paramount Airways issueRamadoss has been suspended for alleged irregularities in the grant of credit insurance cover during his tenure as the head of Oriental Ins...
- Rs 50K cr infra fund to be set up by early next fiscal: MontekThe Planning Commission today said that Rs 50,000-crore Infra Debt Fund for financing infrastructure projects will become operational by be...
- Subbarao meets FM; expresses concern over ULIP OrdinanceRBI Governor D Subbarao asked the government to relook the Ordinance it had issued last month to end the IRDA-SEBI turf war over control of...
- Subbarao meets FM; expresses concern over ULIP OrdinanceConcerned over dilution of its role in dealing with inter-regulatory disputes, RBI Governor D Subbarao today asked the government to relook...
- How government cover came in handy for IRDA to swing the dealThe development came as hardly a surprise to the seasoned former civil servant who had been privy to the decision taken at the highest leve...
- SC to hear ULIP case in July; may not decide jurisdiction issueThe Supreme Court will hear the case pertaining to the row over control of ULIPs between market watchdog SEBI and insurance regulator IRDA ...
- IRDA, SEBI war may hit ULIP listingshe battle between SEBI and IRDA over the regulation of unit-linked insurance plans could affect the plans of companies aiming to list unles...
- Life insurers want service tax parity with AMCsThe life insurance industry wants service tax on fund management charges to be withdrawn, as is the case with mutual funds.
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