Financial regulators stress need for privacy laws

Stating that there is a dearth of ‘coherent’ statutes on the subject, a panel of financial regulators on Thursday said there is a need for a standalone law on data protection and privacy in the country. “There is a need for a standalone data protection and privacy law in the country,” the Inter-Regulatory Working Group […]

LIC may participate in govt’s Rs 2.11-lakh cr bank recapitalisation plan

State-owned Life Insurance Corporation (LIC) may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). As part of the programme, LIC could also increase its stake in various PSBs which are required to raise Rs 58,000 crore from the capital market, sources said. Besides, they said, LIC could participate in a non-operating […]