Ombudsman disposed of 32% more complaints against insurers in 2021-22: The Insurance ombudsman has disposed of 40,527 complaints against insurance firms across the country during 2021-22 as compared with 30,596 in 2020-21. The complaints relating to health insurance made up a third of the total ...

ESAF Bank launches 'rainbow account' for transgender community: ESAF Small Finance Bank Ltd has launched a 'Rainbow Savings Account' for the transgender community. This bank account offer a host of features, including high savings rate and advanced debit card facilities. September 2022 Current ...

IDFC FIRST Bank joins the Open Network for Digital Commerce: IDFC First Bank has signed up as participant in the Open Network for Digital Commerce (ONDC), an initiative of ministry of commerce and industry. September 2022 Current Affairs Quiz The bank has enabled a platform for buyers, ...

Reliance General Insurance, Policybazaar launch Reliance Health Gain Policy: Reliance General Insurance and Policybazaar have jointly launched Reliance Health Gain Policy. The company looks optimistic with the launch as one of its officials said that offering Reliance Health Gain Policy on ...

Karnataka Bank becomes part of Khajane II IFMS: Karnataka Bank has now become the participant of the Treasury Department's Khajane-II (K2) integrated financial management system (IFMS). September 2022 Current Affairs Quiz Reason: For implementing the Single Nodal Agency (SNA) account ...

Google Cloud partners with HDFC ERGO to digitise insurance buying in India: HDFC ERGO General Insurance, one of India’s leading insurance companies, announced it is partnering with Google Cloud to create a technology platform that will help digitize insurance purchasing and service in the country. ...

HDFC Bank opened new SMS banking facility for its customers: The private sector lender HDFC Bank introduced a new SMS banking facility for its customers. The bank claims that now customers can access a wide range of banking services round-the-clock, 24/7 x 365 no matter where they are. ...

HDFC Bank, Precision selected by RBI for retail payments test phase: The Reserve Bank of India has announced that HDFC Bank (in partnership with Sweden-based Crunchfish Aktiebolag) and Precision Biometric India Pvt. Ltd has been selected for the test phase for their ‘offline retail payments’ and ...

CCI approves PayU's $4.7 billion BillDesk acquisition: The Competition Commission of India (CCI) has approved the $4.7 billion acquisition deal between PayU (backed by Prosus) and online payments firm, BillDesk. September 2022 Current Affairs Quiz The commission has cleared ...

Tamilnad Mercantile Bank appoints S Krishnan appointed as MD & CEO: The Board of Directors of Tamilnad Mercantile Bank Ltd has approved the appointment of veteran banker, Krishnan Sankarasubramaniam (aka S Krishnan) as the Managing Director & CEO with effect from 4th September 2022 for a ...