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IRDA may impose compulsory insurance broking model on banks

Jan 17, 2014

IRDA may impose compulsory insurance broking model on banks

IRDA chairman T S Vijayan had earlier indicated that the regulator is in favour of banks acting as 'brokers'. #RBI #Reserve Bank of India #NewsTracker #bank #Irda #Ministry of Finance #T S Vijayan
Govt mulls strengthening Financial Stability Devpt Council: Chidambaram

Jan 13, 2014

Govt mulls strengthening Financial Stability Devpt Council: Chidambaram

The FSDC, headed by the Finance Minister, was set up in 2010 to coordinate the work of various financial sector regulators, including RBI, SEBI (capital markets), IRDA (insurance) and PFRDA (pension). #P. Chidambaram #RBI #finance ministry #NewsTracker #SEBI #Irda #Lehman Brothers #PFRDA #FSDC
Better coordination needed to fight ponzi menace: U K Sinha

Jan 08, 2014

Better coordination needed to fight ponzi menace: U K Sinha

There have been a number of cases in past few years of entities raising huge amounts of money from gullible investors through illegal CIS (Collective Investment Scheme) activities, many of which later faced crackdown by Sebi. #RBI #NewsTracker #SEBI #Ponzi scheme #Ministry of Corporate Affairs #Irda #Collective investment scheme #U. K. Sinha
LIC's claim settlement better than private insurers: Irda

Jan 02, 2014

LIC's claim settlement better than private insurers: Irda

Private insurance companies fared poorly in terms of settlement of death claims in 2012-13 as compared to state-owned LIC, says sectoral regulator Irda. #TheySaidIt #Insurance #Irda #LIC
Irda will charge service tax on providing services to industry players

Jan 02, 2014

Irda will charge service tax on providing services to industry players

The regulator is required to collect service tax from its insurance companies, brokers and agents, said an Irda notification. #NewsTracker #Insurance #Irda #brokers #renewal #Sevice tax