Irdai to work with govt to create simple platform for KYC

Insurance Regulatory and Development Authority of India (Irdai) on Monday said though Aadhar is not a mandatory requirement for Know Your Customer (KYC) in the insurance sector, it is the most simple form of KYC document. “Aadhar is not mandatory for the (insurance) sector but is the most simple one. On the government level they… Continue reading Irdai to work with govt to create simple platform for KYC

12 large NPA cases yet to come before IBBI, says M S Sahoo

Insolvency and Bankruptcy Board of India (IBBI) Chairman M S Sahoo today said the 12 cases involving large non-performing assets (NPAs) or bad loans, identified for resolution under the Insolvency and Bankruptcy Code, are yet to come before the board. The Reserve Bank’s internal advisory committee had last week sent the list of 12 accounts… Continue reading 12 large NPA cases yet to come before IBBI, says M S Sahoo

Bandhan Bank to open 160 branches more

Bandhan Bank is targetting to open another 160 branches to reach the 1000-mark by the end of this financial year, Managing Director and Chief Executive Officer of Bandhan bank Chandra Shekhar Ghosh said on Sunday. “We are planning to open more branches at different locations and reach the 1000-mark by the end of this financial… Continue reading Bandhan Bank to open 160 branches more

Now, Baahubali 2 gets a Rs 200 crore insurance cover: Here are the details

Future Generali Insurance Company today insured the Telugu movie ‘Baahubali 2‘ for over Rs 200 crore under its film package insurance product. According to the private insurer, the policy covers the risks related to the film during the pre-production to post-production stage. “The policy insures the film against unforeseen incidents like death, illness of an… Continue reading Now, Baahubali 2 gets a Rs 200 crore insurance cover: Here are the details

Coming soon: Settle PF claims on your phone through mobile app UMANG

Nearly four crore members of retirement fund body Employees’ Provident Fund Organisation (EPFO) will soon be able to settle their claims like EPF withdrawal through mobile application UMANG. “The EPFO is developing online claims settlement process by receiving application online,” Labour Minister Bandaru Dattatreya said in a written reply to the Lok Sabha. The minister… Continue reading Coming soon: Settle PF claims on your phone through mobile app UMANG