08/06/2019

ANZ scraps individual bonuses

The bank confirmed a limited number of senior staff "with an increased ability to impact on ANZ's performance" will retain a portion of 'at risk' pay based on their individual performance, while the executive committee will contin

08/04/2019

Govt relaxes norms for re-insurers to set up shops at IFSC

The notification of Finance (No. 2) Act, 2019, has paved the way for reduction of the Net Owned Funds (NOF) requirement for the opening of branches of foreign re-insurers in International Financial Services Center (IFSC) to Rs 1,000 crore from Rs 5,000 cr