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News
Canara HSBC Life fined ₹1 crore by IRDAI over misselling
2+ day, 17+ hour ago (493+ words) Canara HSBC Life Insurance Company Limited received a penalty order from the Insurance Regulatory and Development Authority of India (IRDAI) on September 10, 2026. The regulator imposed a fine of ₹1 crore following an investigation into allegations of policy misselling. The penalty stems…...
Canara HSBC Life reappoints Sansi and Bandyopadhyay as independent directors
3+ day, 17+ hour ago (387+ words) Canara HSBC Life Insurance Company has reappointed Dr Kishore Kumar Sansi and Mr Supratim Bandyopadhyay as independent directors on its board. The appointments were approved via resolution by circulation on September 9, 2026, and remain subject to shareholder approval. The Nomination and…...
Bengal Commercial Bank signs agreement with Bengal Islami Life Insurance introducing 'Credit Shield' for cardholders
4+ day, 17+ hour ago (361+ words) Tuesday • 8 September 2026 Bengal Commercial Bank signed an agreement with Bengal Islami Life Insurance to provide enhanced protection to the bank’s credit cardholders through “Credit Shield” facility. Under this agreement, the Credit Shield facility will ensure the financial security of Bengal…...
China leads $54 billion recapitalization of banks and insurers
5+ day, 9+ hour ago (425+ words) Anabelle Colaco 08 Sep 2026, 09:26 GMT+10 BEIJING, China: China is moving ahead with a combined US$54 billion capital boost for major state-owned banks and insurers, with the finance ministry leading the effort to strengthen capital across the country's financial system. China Life…...
Union Bank hands over????1.50 cr. insurance claims to families of deceased police personnel in Vizag
2+ week, 17+ hour ago (149+ words) Published - August 29, 2026 09:04 pm IST - VISAKHAPATNAM Union Bank of India (UBI), Regional Office Visakhapatnam, handed over death claim settlement cheques totalling ₹1.50 crore to the families of deceased police personnel under its Police Salary Package scheme. Speaking on the occasion, P. Rajesh…...
HDFC Life Allots 1.14 Lakh Equity Shares Under Employee Stock Option Schemes
2+ week, 3+ day ago (86+ words) Mumbai, August 26, 2026: HDFC Life Insurance Company Limited has allotted 1,14,000 equity shares to eligible employees following the exercise of stock options under its various Employee Stock Option Schemes (ESOPs). The allotment was approved by the company’s Stakeholders’ Relationship Committee on August…...
Canara HSBC Life Signs Corporate Agency Pact with HSBC IBU GIFT City
2+ week, 4+ day ago (141+ words) Gurugram, August 25, 2026: Canara HSBC Life Insurance Company Limited has entered into a Corporate Agency Agreement with The Hongkong and Shanghai Banking Corporation Limited, GIFT City Branch (HSBC IBU). The agreement was signed on 25 August 2026. Purpose: Distribution of Canara HSBC Life’s…...