These changes have been implemented to facilitate the insurance industry in promoting insurance penetration
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For policyholders, annual bonus for FY2023 is 37 per cent higher than the previous financial year
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Janakiraman, who currently serves as the Managing Director of State Bank of India (SBI), will succeed Mahesh Kumar Jain, whose tenure as Deputy Governor is set to conclude on 22 June
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Overall, the lender’s balance sheet exhibited robust growth at 32 per cent, with total assets reaching to Rs 1.1 lakh core
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As a result, several non-banking financial companies (NBFCs) are adjusting their business strategies to focus more on existing-to-credit customers and mitigate asset quality stress
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In accordance with the MCA’s discussion paper, IBC 2.0 may contain a full-fledged individual insolvency framework, pre-packaged insolvency for larger corporations, a group insolvency framework, and the use of technology in IBC, according to the governing body of chartered accountants.
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The RBI demonstrated leadership by launching a CBDC and taking a decisive stance on cryptocurrencies, which influenced other central banks’ approaches
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He has been recognised for his role during Covid-19, the Russia-Ukraine war, and the subsequent fight against inflation
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