For too long, sales misconduct has been treated as an operational issue created by overzealous relationship managers. The elevation of the issue to the board level signifies that mis-selling is a governance failure.
India spends heavily on defence but does not finance it. That distinction separates mature defence-industrial economies from those trapped in yearly budget cycles.
New Delhi: Last week, the government appointed the recently retired Department of Economic Affairs (DEA) secretary, Ajay Seth, as chairman of the Insurance Regulatory and...
After amalgamation, number of RRBs has come down to 28 from earlier 43. Experts say move is expected to increase capital base of unified RRBs, spurring credit growth and diversification.
Using icons and speech, AI-enabled voice apps like Hello Ujjivan and Bhashini are building a new bridge to banking for India’s 18 crore low-literate citizens.
If many market participants tend to use similar models, correlated risk & herding behaviour can amplify stability risks. Regulatory guardrails are important.
Government bank employees sell mutual funds, insurance and just never log out. They have steeper targets and ‘performer of the month’ award to chase too.
The central bank last month issued a circular ordering banks to start, from next year, to keep aside larger buffers in relation to accounts connected to the internet, mobile or UPI.
Why should the US care? Because in the end, as its wrangle with Britain this week should have reminded them, America still needs bases, friendly ports, & overfly rights.
Multiple companies have invoked the principle of ‘force majeure’, which lets a party off the hook in case of unforeseen ‘acts of God’, to avoid penalties.
IRIS Lavan was in the region for the International Fleet Review held last month and ‘sought urgent docking in Kochi citing technical issues,’ it is learnt.
Trump has ushered in the age of humiliation. His method is to push around America’s friends rudely and publicly. He knows none of them can afford to fight back.
COMMENTS