Banking

President promulgates ordinance to bring co-operative banks under RBI supervision

President Ram Nath Kovind has promulgated the Banking Regulation (Amendment) Ordinance, 2020 to bring all urban cooperative banks and multi-state...

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Other Insurance

IRDAI Asks Insurers to Offer Corona Kavach Policy by 10 July

Amid rising number of coronavirus cases in the country, insurance sector regulator Irdai has asked the general and health insurers to offer...

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Tax

Employees Can Claim Exemption under New Tax Regime for Conveyance, Travel Expenses

Individuals will be able to claim income tax exemption for conveyance, travel and other allowances given by employers under the new regime that...

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Banking

Cooperative banks will be brought under RBI supervision

Following the cabinet decision, 1,482 urban cooperative banks and 58 multi-state cooperative banks will come under the central bank’s...

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Banking

BI asks banks, NBFCs to disclose digital lending agents upfront

The Reserve Bank has directed banks, NBFCs and digital lending platforms to disclose full information upfront on their websites to customers, so as...

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Other Insurance

IRDAI's standard coronavirus insurance policy set to be a fixed benefit cover

The country’s insurance regulator has directed all general and health insurers to offer a standard coronavirus cover by June, reports The...

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Other Insurance

Claims Should be Settled within 30 Days, orders IRDAI to Insurers

Irdai has asked insurance companies to settle or reject a claim, as the case may be, within 30 days from the date of receipt of last necessary...

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Other Insurance

Health insurance claims not contestable after 8 years of premium payment: Irdai

Health insurers will not be allowed to contest claims once the premium has been paid for a continuous period of eight years, regulator Irdai said in...

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Other Insurance

Govt extends validity of motor vehicle related documents till September 30, 2020

The government has further extended the validity date of motor vehicle documents till September 30, 2020, reports The Economic Times.

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Mutual Funds

RBI asks Debt MFs to hold more G-Secs, to meet redemption pressures

Debt mutual funds may be mandated to hold more government bonds incrementally to overcome liquidity challenges from sudden redemptions, as was...

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