Idbi Bank News - Latest Updates & Headlines
Diabetes, hypertension not pre-existing disease, not grounds for claim rejection: Consumer Commission
New Delhi, February 21: Allowing a complaint against an insurance company, the District Consumer Redressal Commission II ruled that, as per established law, lifestyle diseases like diabetes and hypertension cannot be treated as pre-existing conditions and therefore cannot be grounds for claim rejection by the insurer.
Banks hike interest rates on FDs amid fierce competition for deposits
Mumbai, Jan 14: Banks have started offering higher returns on FDs amid fierce competition to raise more deposits. While leading banks such as SBI and HDFC were the first to raise interest rates on FDs, smaller banks such as IDBI have followed suit for fear of getting left behind in the race.