The Reserve Bank of India has imposed a penalty of Rs 29.79 lakhs on Unimoni Financial Services Limited for non-compliant with norms on Small-Prepaid Payment Instruments (PPI) requirements.
Insurance Regulatory and Development Authority of India (IRDAI) has formed various committees through the General Insurance Council (GIC) to overhaul the insurance sector.
The Indian Army's Director General of Military Operations, Lieutenant General Baggavalli Somashekar Raju has been appointed as the Vice Chief of the Army Staff.
EXAMIANS