Top Headlines: COAI on captive pvt networks, fintechs see increased lending

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IRDAI is considering a proposal to make insurance fraud a parameter for calculating credit scores in an attempt to curb the increase in this activity. Meanwhile, in an interview, LIC Chairman MR Kumar talks to Business Standard’s Subrata Panda on a range of issues, from the reasons behind the stock’s underperformance to whether the IPO could have been better timed. Read more about it in our main titles


Irdai plans to link insurance fraud to personal credit score

The Insurance Regulatory and Development Authority of India (IRDAI) is considering a proposal to make insurance fraud a parameter for calculating credit scores in a bid to limit the increase in such activity. The proposal suggests that insurance fraud should figure into the assessment of individuals’ risk profiles and should be used to calculate their credit scores. Read more


COAI writes to DoT, demands strict standards for captive private networks

The Cellular Operators Association of India (COAI) has demanded the imposition of strict conditions to allow companies to set up “non-public captive networks”. The move comes just days after the Cabinet, despite opposition from telecom operators, allowed companies to set up private networks, with the Department of Telecommunications (DoT) awarding spectrum directly to them. Read more


In 5 years, we would like to be n°1 in bancassurance: MR Kumar, president of LIC

Life Insurance Corporation of India (LIC) launched its initial public offering (IPO) just over a month ago. Since then, the value of the insurance giant’s shares has eroded significantly. In an interview, LIC Chairman, MR Kumar talks to Subrata Panda on a range of issues – from the reasons for the stock’s underperformance to whether the IPO could have been better planned. Read more


Small ticket, big business: Fintech companies see an increase in instant loans

Can credit be distributed faster than Maggi noodles? Last Thursday, CASHe launched a WhatsApp-enabled service for instant credit, which according to V Raman Kumar – the founder and chairman of fintech – is the first of its kind, as “today’s smart consumers demand gratification instantaneous and contactless assistance”. Read more


Army says Agnipath plans here to stay; recruitment starts in august

Playing down the violent protests against Agnipath’s recruitment program that continue to rock Uttar Pradesh, Telangana and Bihar, the Ministry of Defense (MoD) has dispatched the army’s top manpower planners during a press conference to send the message: “Agnipath is here to stay. ” Read more

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