Bharti AXA collaborates with Wishfin to offer Policies via WhatsApp

Bharti AXA General Insurance, a private non-life insurer has collaborated with financial marketplace Wishfin’s insurance arm Wishpolicy, to offer two-wheeler insurance to customers via WhatsApp. This service option is an instant and additional customer service option for policyholders, apart from ..

IRDAI forms 13-member Panel to Review Microinsurance Framework

IRDAI (Insurance Regulatory & Development Authority of India) has set up a 13 member committee under Suresh Mathur, IRDAI Executive Director to review the regulatory framework on microinsurance and recommend measures to increase the demand for such products. This committee ..

RBI proposed strict rules to open and run current accounts of corporate borrowers

Reserve Bank of India (RBI) would propose strict rules on opening and operating current accounts of corporate borrowers to prevent the diversion of funds. RBI had notified that the banks with collection accounts will have to transfer funds to the ..

Canara Bank in collaboration with its life insurance partner Canara HSBC OBC Life has launched ‘Webassurance’. This will allow its customers to purchase life insurance in a hassle-free way. Customers can avail 4 life insurance products of Canara HSBC OBC ..

RBI asked Banks to disclose IL and FS NPA details in results

The Reserve Bank of India has asked banks and financial institutions to disclose the NPA stemming from their exposure to troubled infrastructure conglomerate Infrastructure Leasing & Financial Services Limited and its group entities in their upcoming results. New directions are ..

Reserve Bank of India first Asia-Pacific (APAC) central bank to begin interest rate easing cycle

Fitch Ratings has recently said in its APAC sovereign credit overview report that the Reserve Bank of India (RBI) is the first Asia-Pacific (APAC) central bank to begin interest rate easing cycle by cutting the policy rate back-to-back in the ..