Last Updated: Saturday, March 15, 2014, 05:09
The US Federal Deposit Insurance Corporation sued HSBC, Citigroup, Deutsche Bank and 12 other global banking heavyweights today for manipulation of the Libor benchmark interest rate.
Last Updated: Friday, March 14, 2014, 18:29
Public insurer New India Assurance is awaiting a "final decision" from the Insurance Regulator Development Authority (Irda) on third-party motor insurance segment to curb mounting losses from the segment.
Last Updated: Friday, March 14, 2014, 17:01
The IRDA is carrying out a "focused inspection" with respect to these schemes, said the letter.
Last Updated: Wednesday, March 12, 2014, 23:25
Private sector life insurer SBI Life Insurance will appeal against the IRDA order directing to refund Rs 275 crore to policy holders, which has been collected in violation of norms.
Last Updated: Wednesday, March 12, 2014, 18:36
CBI Wednesday registered a Preliminary Enquiry (PE) against ICICI Lombard for allegedly colluding with officials of Rajasthan government and Union Agriculture and Textiles ministries and pocketing claims of non-existing farmers and artisans.
Last Updated: Tuesday, March 11, 2014, 22:28
Insurance regulator IRDA Tuesday asked SBI Life Insurance company to refund Rs 275.29 crore to the policy holders as the amount was collected from them in violation of norms.
Last Updated: Tuesday, March 11, 2014, 18:17
The new plan is a regular premium non-linked scheme that offers a mix of long-term protection and savings along with the benefit of guaranteed lump sum payment every three years, a company release said.
Last Updated: Sunday, March 09, 2014, 15:55
Private general insurer Tata AIG General Insurance is hopeful of posting around 15 percent growth in premium collections in the next financial year on the back of an expected recovery in economy, a top company official has said.
Last Updated: Friday, March 07, 2014, 20:28
Government-run general insurer New India Assurance on Friday launched a special health insurance scheme for families with girl children.
Last Updated: Thursday, March 06, 2014, 20:13
British insurer Aviva Thursday said it had swung back into profit during 2013 as it underwent major restructuring and after it avoided a huge write-down suffered the previous year.
Last Updated: Wednesday, March 05, 2014, 21:22
During this period, LIC snapped 5.942 percent stake in the power equipment maker.
Last Updated: Tuesday, March 04, 2014, 13:56
Life Insurance Corporation has bought shares worth Rs 1,889 crore, about 4.66 percent stake, in state-owned power equipment maker BHEL through an open market transaction.
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