American Express to resume sharing card holders financial information with NeSL Subject: Economy Context:American Express has written to its card holders saying that it will report financial information related to their cards to National E-Governance Services Ltd (NeSL) starting next month, a move that has irked card holders as they fear it may […]
IRDAI proposes conditions for investment by private equity funds as promoters in insurance companies. Subject : Economy Details: In 2020, the government had increased the foreign direct investment limit in insurance firms from 49 per cent to 74 per cent under the automatic route. IRDAI had given in principle approval to PE funds […]
The Deposit Insurance and Credit Guarantee Corporation (DICGC) has rejected a request made by banks to exempt certificates of deposit (CDs) from deposit insurance coverage. Subject : Economy Details: Banks pay an insurance premium of 12 paise per Rs 100 of deposit, including CD and Deposit insurance premium payment leads to outgo of […]