Mayur Shetty

Health insurance portability aimed to ease policyholder transitions, but challenges persist. Insurers still underwrite, leading to potential rejections based on age, health, or claims history. While regulations offer some protection, consumers must navigate these complexities carefully to ensure continuity.

Even as the year-on-year growth in bank credit has crossed 14%, the highest in three years, the corporate loan book of banks continues to be stagnant, reports Mayur Shetty.

In a move that will make lenders extremely cautious in declaring borrowers as wilful defaulters or frauds, the RBI has placed the responsibility of settling such cases with the board of directors.

After factoring in foreign exchange spent on education, maintenance of relatives, gifts and investments, Indians have sent out $19,354 million during the current fiscal, shows latest data released by RBI. This is close to the $19,610 sent abroad in FY22, which was a record year for remittances.

The RBI has barred e-commerce sites from settling payments overseas where both the buyer and the service provider are in India, reports Mayur Shetty.

Kotak Mahindra Bank's two whole-time directors, KVS Manian and Shanti Ekambaram, are potential internal candidates to succeed Uday Kotak as the bank's MD & CEO. The former second-in-command, Dipak Gupta, is ineligible due to the RBI's cap on tenure for board positions. The RBI is expected to approve one of the internal candidates before Gupta's term ends. On Saturday, Uday Kotak announced that he is stepping down as MD & CEO of the bank he founded nearly two decades ago.

It has been 12 years since the IDBI Act was amended to grant industry status to film production.

For a nation that is bereft of global brands of its own, is Modi its biggest brand? The jury appeared to be divided on this.

Ghazal maestro Pankaj Udhas knew he had to do something for the musical genre about 10 years ago when he saw its popularity flailing.

The actor will play a music instructor