The RBI with the aim to promote co-operation in information sharing b/w regulators, inked 3 MoUs with financial regulators of nine countries. The newly signed are with: Jersey Financial Services Commission (JFSC) Financial Services Authority of UK Financial Supervisory Authority of Norway Jersey Financial Services Commission (JFSC) It is Independent statutory body. Function: Regulation, licensing
Ravneet Gill appointed as new CEO of the bank’s Deutsche Bank for its Indian operations. Mr. Gill replaced Gunit Chadha, who was elevated as co-chief executive of Asia Pacific along with AlanCloete.
SEBI gave its nod for online subscription of bonds. Objective: To cut the timeline for completion of the process. In order to provide a mechanism to decrease the timelines of the issue process for public issue of debt securities, SEBI extends Application Supported by Blocked Amount (ASBA) facility to public issues. Currently ASBA is allowed
With the aim to expand the reach of insurance in the country, the Insurance Regulatory and Development Authority (IRDA) has suggested to permit owners of kirana shops, fair price shops, medical shops, petrol pumps, individual Public Call Office (PCO) to sell micro insurance products. As per the IRDA’s exposure draft on Micro Insurance Regulations, the
The Employees' Provident Fund Organisation (EPFO) is offering e-passbook facility to its subscribers. Over 50 million of the subscribers can avail e-passbook along with details of their updated accounts online from now. The active subscribers who wish to access the facility will have to register themselves on the EPFO portal by furnishing their account details.