Finance

Regulatory Review Draws Attention to Online Forex Trading Ecosystem

New Delhi [India], June 29: Regulatory authorities and financial oversight bodies are reportedly reviewing activities related to online forex trading and cross-border financial transactions involving overseas digital trading platforms. According to publicly available regulatory advisories, financial regulators continue to monitor digital investment ecosystems to encourage compliance with applicable financial and regulatory norms in India. As […]

Finance

A 2,124-Year Insurance Policy Triggers RBI Action, and the Launch of NYVO

New Delhi [India], February 10: A nationalised bank in Maharashtra sold a life insurance policy to a 90-year-old man. The annual premium was ₹2 lakh. The maturity date of the policy was the year 2124. This was not a hypothetical case or an isolated error, it happened. The Reserve Bank of India has since taken […]