MONEY
SEBI moots slashing time for listing of shares from six to...
- May 21, 2023
Capital markets regulator SEBI has proposed to reduce time taken for listing of shares on stock exchanges after closure of initial public offers...
Rs 2,000 banknotes to be withdrawn, can be exchanged by...
- May 20, 2023
The Reserve Bank of India (RBI) has decided to withdraw Rs 2,000 denomination banknotes from circulation and asked people to exchange or deposit them...
Banks seek more time from RBI for new loan provisioning...
- May 17, 2023
Banks have requested the RBI for one more year to implement the system of Expected Credit Loss (ECL) for provisioning of loans. At present, banks set...
Follow KYC norms in cross-border and domestic wire...
- May 05, 2023
The Reserve Bank of India (RBI) on Thursday instructed banks and other financial institutions to ensure cross-border as well as domestic wire...
Banks throw caution to the winds and make lower provision...
- Apr 29, 2023
India’s banks spent most of the last decade out in the wilderness as a punishment for lax underwriting standards on their corporate loans. Now,...
Global regulators must focus immediate attention on crypto...
- Apr 16, 2023
Issues related to crypto assets require immediate attention, and the response of the G20 has to ensure that they do not lose any potential benefits...
SEBI’s code of conduct for advertisements of investment...
- Apr 06, 2023
Markets regulator SEBI on Wednesday came out with an advertisement code for investment advisers and research analysts, whereby they have been...
RBI set to pause Repo Rate hike in April monetary policy...
- Mar 28, 2023
The Reserve Bank of India (RBI) is expected to pause its interest rate hike. The current 6.5 per cent Repo Rate could be the terminal rate for now,...
NSE decides to roll back 6% hike in transaction charges in...
- Mar 25, 2023
National Stock Exchange (NSE) has decided to roll back the 6 per cent hike in transaction charges in the cash equities market and equity derivatives...
Lending rates set for a 150-bps jump in FY24 as banks’...
- Mar 15, 2023
Given a sharp rise in banks’ marginal cost of funds, the system-wide lending rates are set to shoot up by 100-150 basis points (bps) in the next...
New PMLA rules bring politically-exposed persons under...
- Mar 11, 2023
The government amended rules under the anti-money laundering law on Friday, making it mandatory for banks and financial institutions to record...
Daily transactions via UPI rise by 50% to over 36 crore in...
- Mar 07, 2023
Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said that payments through UPI (Unified Payment Interface) had grown exponentially in...
India’s per capita income doubles in 8 years, but gains...
- Mar 06, 2023
India’s per capita income in nominal terms has doubled to Rs 1,72,000 since 2014-15 when the Narendra Modi-led NDA came to power. But uneven...
Finally, some relief for depositors as real interest rates...
- Feb 28, 2023
As banks’ chase for customers to collect cheap deposits is not fructifying, they are forced to offer inflation-beating real interest rates on fixed...
RBI lets travellers visiting India to make payments through...
- Feb 22, 2023
In-bound travellers visiting India could now make local payments using UPI while they were in the country, the Reserve Bank of India (RBI) said on...
Amid weak sentiment, mutual funds’ NFO mop-ups slip by...
- Feb 20, 2023
Mutual funds’ collection through new fund offers (NFOs) remained subdued in 2022, with asset management companies (AMCs) garnering over Rs 62,000...
RBI survey shows that bankers are “highly optimistic”...
- Feb 18, 2023
Bankers were “highly optimistic” about credit demand across all the main sectors in the short term, an RBI survey of lenders said on...
States’ borrowing costs rise by 5 basis points despite...
- Feb 15, 2023
The cost of market borrowings for States rose on Tuesday with the average pricing on their bonds rising by 5 basis points to 7.66 per cent despite...
Over 5 crore enrol under Atal Pension Yojana, women...
- Jan 31, 2023
The Pension Fund Regulatory & Development Authority (PFRDA) on Monday said that more than 5 crore people had enrolled under Atal Pension Yojana...
No limits on foreign investments in sovereign green bonds:...
- Jan 24, 2023
Sovereign green bonds issued by the Union government would not have any restrictions on foreign investment, the Reserve Bank of India (RBI) said on...
Surging home prices, high rentals risk derailing RBI’s...
- Jan 18, 2023
Rising home prices and rentals in large cities could pose a new challenge to the country’s central bank in its fight against inflation, even though...
Facial recognition, iris scan being used by banks to verify...
- Jan 13, 2023
The government was allowing banks to verify individual transactions that exceed a certain annual limit using facial recognition and an iris scan in...
SEBI’s nod for share buyback via tender offer, stock...
- Dec 21, 2022
The Securities and Exchange Board of India (SEBI) agreed to phase out gradually the buyback of shares of companies via the stock exchange route in...
Banks mull starting rupee trade with Bangladesh and African...
- Dec 19, 2022
Banks are looking at the possibility of initiating rupee trade with Bangladesh and African countries, like Egypt, as a part of the exercise to make...
Gold Bond issue opens on December 19, price fixed at Rs...
- Dec 17, 2022
The issue price for the next tranche of Sovereign Gold Bond Scheme 2022-23, which will open for subscription for five days from Monday, was fixed at...
Government asks trade bodies, banks to explore trade in...
- Dec 12, 2022
The government has asked trade bodies and banks to explore opportunities for trade in rupee with more countries after having facilitated rupee trade...
Snapdeal scraps $152-million IPO as tech stocks crash, says...
- Dec 11, 2022
SoftBank-backed e-commerce company Snapdeal had decided to pull the plug on its $152-million initial public offer (IPO), the company told...
Houshold liabilities surge by Rs 6,00,000 crore to Rs...
- Dec 03, 2022
Liabilities of households rose by Rs 6,00,000 crore in 2021-22 to Rs 83,65,000 crore, data from the Reserve Bank of India (RBI)...
High rates not to come in the way of banks’ strong credit...
- Nov 29, 2022
Fitch Ratings on Monday said that India’s bank credit would see strong growth in the current financial year despite effects of higher interest...
Indo-Russia rupee trade gets a push as Russian banks open...
- Nov 16, 2022
As many as nine special vostro accounts had been opened with two Indian banks after permission from the Reserve Bank of India (RBI) to facilitate...
Tech startup stocks headed for a big selloff as IPO lock-in...
- Nov 08, 2022
India’s fledgling technology sector faces a key test this month as lock-up periods on $14 billion worth of shares sold in initial public offers...
Income Tax Department moots common ITR for all taxpayers
- Nov 02, 2022
The Income Tax Department on Tuesday proposed to introduce a user-friendly common Income Tax Return (ITR) form for all taxpayers by merging all...
SEBI’s new norms bring in transparency & rationality in...
- Oct 16, 2022
The Securities and Exchange Board of India’s (SEBI) new set of norms are aimed at bringing greater transparency into the capital market. The new...
RBI mulls scaling up AI and ML for effective supervision...
- Oct 06, 2022
The Reserve Bank of India (RBI) is planning to use advanced analytics, artificial intelligence (AI) and machine learning (ML) extensively to analyse...
Banks turn cautious in lending to education sector as NPAs...
- Sep 26, 2022
High defaults of about 8 per cent in education loan portfolio have made banks cautious and go slow on the sanction of such credit. Non-performing...
ED arrests former NSE chief Ravi Narain in alleged phone...
- Sep 07, 2022
The Enforcement Directorate (ED) on Tuesday arrested former National Stock Exchange (NSE) CEO and MD Ravi Narain in a money laundering case,...
Kotak Mahindra Bank urges RBI for a standardisation in...
- Aug 31, 2022
Kotak Mahindra Bank on Tuesday pitched at the RBI for a standardisation in fraud reporting after data showed that the private sector lender had been...
Banks mop up funds through CDs as liquidity dries up in the...
- Aug 22, 2022
Banks had increased their fundraising activity through issuance of certificates of deposits (CDs) as funding in the banking system continued to...
Big Bull Rakesh Jhunjhunwala passes away a week after his...
- Aug 14, 2022
Veteran stock market investor Rakesh Jhunjhunwala died on Sunday morning in Mumbai after he suffered a cardiac arrest. He was 62 and was suffering...
RBI puts out framework for digital lending apps to curb...
- Aug 11, 2022
The Reserve Bank of India (RBI) on Wednesday released norms to regulate digital lending to crack down on growing number of frauds and unlawful...
PSBs’ cumulative profit rises by 9.2% to Rs 15,306 crore...
- Aug 10, 2022
All the 12 public sector banks (PSBs) earned a cumulative profit of about Rs 15,306 crore, registering a 9.2 per cent growth annually, despite poor...
Home, auto and other loans to get pricier as RBI ups Repo...
- Aug 06, 2022
Home, auto and other loan equated monthly instalments (EMIs) are set to rise further after the RBI on Friday raised the key interest rate by 50 basis...
Union Bank of India looks to recover Rs 15,000-crore NPAs...
- Aug 02, 2022
Union Bank of India expects to recover Rs 15,000 crore from bad loan accounts during the current financial year. A bulk of this will come from...
Banks’ NPAs set to drop by 5 to 5.5 per cent, predicts...
- Jul 22, 2022
S&P Global Ratings on Thursday said that non-performing assets (NPAs) of banks were expected to decline to 5-5.5 per cent of the total advances...
EPFO board may raise investments cap in equities to 20%,...
- Jul 19, 2022
Employees’ Provident Fund Organisation (EPFO) is likely to approve this month a proposal to enhance its investments in equities to up to 20 per...
SEBI mulls issuing market risk factors to help investors...
- Jul 11, 2022
In a global first, the Securities and Exchange Board of India (SEBI) is planning to issue regular risk factor disclosures on market trends, including...
CBDT issues disclosure norms for TDS on VDAs,...
- Jun 23, 2022
The Income Tax (I-T) Department has come out with detailed disclosure requirements for tax deduction at source (TDS) for virtual digital assets...
Export prices of rice soar amid fears among importers of...
- Jun 10, 2022
Export prices of Indian rice rose further this week, supported by strong demand and concerns that the world’s top exporter of the grain could...
RBI cancels registration certificates of 5 NBFCs for...
- May 26, 2022
The Reserve Bank of India (RBI) on Wednesday said that it had cancelled the Certificate of Registration (CoR) issued to the following five...
SEBI unveils norms for fund houses to float passive ETFs...
- May 24, 2022
Capital markets regulator SEBI on Monday allowed mutual funds to launch passively-managed equity-linked savings schemes (ELSS).However, the regulator...
NFOs mopped up Rs 1.08 lakh crore in FY22, riding on equity...
- May 23, 2022
Riding on intense retail investors’ interest and a sharp rally in equity markets, asset management companies (AMCs) launched 176 new fund offers...
LIC makes a weak debut on bourses, lists at over 8%...
- May 18, 2022
Life Insurance Corporation of India (LIC) on Tuesday made a lacklustre debut on stock exchanges. The country’s largest insurer listed at over 8 per...
LIC public offer issue price set at Rs 949; insurer to list...
- May 14, 2022
The government has fixed the issue price of LIC shares at Rs 949 apiece, the upper end of the IPO price band, ahead of the listing of the country’s...
LIC’s public issue subscribed by 2.95 times; govt set to...
- May 10, 2022
Life Insurance Corporation of India’s (LIC) IPO, the country’s biggest public offer, was subscribed 2.95 times on the last day of offer period on...
Kotak AMC’s Shibani Kurian sees macroeconomic factors...
- May 08, 2022
Indian equity markets continued to remain volatile amid worries on rising interest rates, Russia-Ukraine war and global commodity inflation. Global...
LIC’s public offer fully subscribed on Day 2, listing...
- May 06, 2022
LIC’s public offer, the country’s biggest-ever IPO, was fully subscribed on the second day of bidding on Thursday. Against 16,20,78,067 shares on...
LIC public offer between May 4 and 9, price band fixed at...
- Apr 28, 2022
Life Insurance Corporation of India (LIC) on Wednesday fixed price band at Rs 902-949 per share for its initial public offer (IPO) set to open on May...
Government may sell 3.5% stake in LIC, IPO likely to fetch...
- Apr 24, 2022
The government is likely to sell a 3.5 per cent stake in Life Insurance Corporation of India (LIC) through an initial public offer (IPO). The IPO...
“Economic recovery, govt’s focus on capex and domestic...
- Apr 08, 2022
As we step into FY23, the next two quarters are going to see a sharp margin impact, and corporate commentaries will worsen before they get better....
Bandhan Bank-led consortium to buy IDFC AMC & IDFC Trustee...
- Apr 07, 2022
Bandhan Financial Holding-led consortium had entered into a definitive agreement to acquire IDFC Asset Management Company (AMC) and IDFC AMC Trustee...
Interest rates on small savings schemes for June 2022...
- Apr 01, 2022
The government has yet again decided to keep the interest rates unchanged on small savings schemes and post office schemes. For the first quarter of...
Axis Bank to buy Citi’s consumer businesses for $1.6 bn,...
- Mar 31, 2022
Axis Bank will acquire Citi’s consumer businesses in India for approximately $1.6 billion, Citi has announced in a press release.The transaction...
Banks recover over Rs 7.34 lakh crore of NPAs in the past...
- Mar 16, 2022
Banks recovered over Rs 7.34 lakh crore in the past six years and the first six months of the current financial year, the government said in...
FIIs sell $2-bn stocks in 2 days as oil boils, but domestic...
- Mar 11, 2022
India’s $3.2-trillion stock market is witnessing an unprecedented foreign selloff as the surge in oil prices fuels worries of an inflation shock in...
India second-largest global VC investment hub with 175%...
- Mar 10, 2022
India is the second-largest global venture capital (VC) investment hub for digital shopping companies, growing by a whopping 175 per cent from $8...
Madhabi Puri Buch, former ICICI Securities chief, becomes...
- Feb 28, 2022
Madhabi Puri Buch has been appointed the new chairperson of market regulator SEBI, the first woman to head the market regulatory watchdog. Ms Buch,...
Russian attack on Ukraine unsettles markets, Sensex, Nifty...
- Feb 24, 2022
Equity benchmark Sensex crashed over 2,700 points on Thursday following a severe sell-off in global markets after Russia launched a military...
I-T raids premises of ex-NSE MD Ramakrishna & former NSE...
- Feb 18, 2022
The Income Tax (I-T) Department on Thursday raided the premises of former Nattional Stock Exchange (NSE) MD and CEO Chitra Ramkrishna and Group...
LIC files draft papers with SEBI for IPO, set to mop up...
- Feb 14, 2022
Insurance behemoth Life Insurance Corporation of India (LIC) on Sunday filed draft papers with capital market regulator SEBI for the mega initial...
SBI report calls for 20 bps rise in Reverse Repo Rate to...
- Feb 08, 2022
An SBI report has called for a 20 basis points (bps) increase in Reverse Repo Rate outside the Monetary Policy Committee ambit so that the Reserve...
All eyes are on the bad bank to deliver some good news
- Feb 07, 2022
The much talked-about bad bank is finally operational, with the Reserve Bank of India (RBI) giving its approval last month. National Asset...
Taming A Red-Hot IPO Market
- Jan 03, 2022
The Securities and Exchange Board of India (SEBI) has unveiled a set of far-reaching norms to tighten the primary market. The market regulator has...
RBI extends KYC update of bank accounts to March 2022 amid...
- Dec 31, 2021
The Reserve Bank of India (RBI) on Thursday extended the mandatory requirement of updating know-your-customer (KYC) information periodically by three...
Gross NPA ratio of banks likely to shoot up to 9.5% by...
- Dec 30, 2021
The gross non-performing asset (GNPA) ratio of scheduled commercial banks (SCBs) was likely to increase to 9.5 per cent in September 2022 from 6.9...
Rising Omicron cases push indices in the red, Sensex...
- Dec 20, 2021
Benchmark indices ended lower for the second consecutive session on Monday, fearing a surge in cases of Omicron. The Sensex fell 1,189.73 points or...
Huge FII selloff, negative sentiments in global markets...
- Dec 18, 2021
Equity benchmark Sensex plummeted 889 points on Friday, weighed by an across-the-board selloff amid a negative trend in global markets and relentless...
RBI issues PCA framework for deposit- and...
- Dec 14, 2021
The Reserve Bank of India (RBI) on Tuesday issued Prompt Corrective Action (PCA) framework for non-banking financial companies (NBFCs). With this...
Benchmarks surge after two-day bloodbath, Sensex, Nifty...
- Dec 07, 2021
Recovering from a two-session carnage, equity benchmark Sensex rebounded by 887 points on Tuesday. The gains in the benchmark index were driven by...
Sensex, Nifty crash by 945 & 284 points respectively as...
- Dec 06, 2021
Equity indices spiralled lower on Monday as the spread of Omicron variant in the country spooked investors and triggered an across-the-board...
Uday Kotak urges bankers to get aggressive on digital...
- Dec 05, 2021
Indian banks had been behind the curve in tapping payments technology, said Kotak Mahindra Bank Managing Director Uday Kotak on Friday. Speaking at...
Sensex, Nifty end the week in the red amid profit-booking,...
- Dec 03, 2021
Equity benchmarks fell sharply and snapped their two-day winning streak on Friday as investors booked profits after recent the upmove. The sentiment...
Sensex, Nifty surge for second day in a row, spurred by...
- Dec 02, 2021
Equity indices jumped higher on Thursday, led by gains across sectors. The 30-share BSE Sensex surged by 776 points or 1.35 per cent to close at...
NBFCs’ assets set for 10% growth in FY23, driven by...
- Nov 28, 2021
Non-banking financial companies’ (NBFCs) assets under management (AUMs) are likely to grow by 8-10 per cent in FY23. This growth will be helped by...
A year later, global investors slowly begin tilting towards...
- Nov 27, 2021
In a change of tone over the world’s two biggest emerging markets, global investors overseeing billions of dollars are slowly starting to favour...
BLACK FRIDAY: Stock markets bleed, mauled by new COVID...
- Nov 26, 2021
Benchmark indices slipped nearly 3 per cent each on Friday on heavy across-the-board selling amid a negative trend in global markets and unabated...
Sensex, Nifty plunge 1,170 points & 348 points respectively...
- Nov 22, 2021
Stock market benchmark index BSE Sensex crashed over 1,170 points to log its worst single-day drop in over seven months on Monday. The plunge was...
RBI’s draft scheme moots PMC-USFB merger, depositors to...
- Nov 22, 2021
The Reserve Bank of India (RBI) on Monday placed in public domain a draft scheme for amalgamation of Punjab and Maharashtra Cooperative (PMC) Bank...
Stock indices slip for a third day in a row, Sensex falls...
- Nov 18, 2021
Equity benchmark Sensex tanked 372 points on Thursday, tracking losses in index majors L&T, Infosys and TCS amid a negative trend in global...
Sensex slips by 314 points, Nifty dips by 100 points, RIL,...
- Nov 17, 2021
Benchmark equity indices on the BSE and the NSE ended by over 0.5 per cent on Wednesday, weighed by market heavyweights Reliance Industries (RIL) and...
Now, retail investors can buy G-Secs, gold bonds, SLDs...
- Nov 12, 2021
Individuals can now directly purchase treasury bills, dated securities, sovereign gold bonds (SGBs) and State development loans (SDLs) from primary...
RBI Governor Shaktikanta Das terms cryptocurrencies as a...
- Nov 10, 2021
RBI Governor Shaktikanta Das on Wednesday said that cryptocurrencies are a “serious concern”. “As a regulator, we have serious concerns (on...
Markets shrug off negative global news; Sensex vaults 478...
- Nov 08, 2021
Equity benchmark BSE Sensex rallied 478 points on Monday after gains in index majors HDFC, Infosys ad Kotak Mahindra Bank despite a negative trend in...
Markets begin new year on a robust note, Sensex scales 295...
- Nov 04, 2021
Domestic equity benchmarks mustered smart gains on Thursday as investors built up fresh positions in the special Muhurat trading session to mark the...
Rs 11,168 crore of loans sanctioned to 2 lakh borrowers...
- Oct 26, 2021
Banks had sanctioned loans worth Rs 11,168 crore to about 2 lakh borrowers under the Credit Outreach Programme, Finance Minister Nirmala Sitharaman...
High valuation, costly inputs pull Sensex down by 456...
- Oct 20, 2021
The Sensex slumped 456 points, while the Nifty closed below the 18,300 level on Wednesday as market participants pared exposure to overbought...
SEBI forms advisory panel to overhaul consent settlement...
- Oct 15, 2021
The Securities and Exchange Board of India (SEBI) has constituted a four-member, high-powered, advisory committee on settlement orders and...
Indian capital market robust enough to withstand foreign...
- Oct 15, 2021
Nomura Holdings expects India’s capital markets to be resilient in the event of foreign investors suddenly getting cold feet. In such an event,...
Sensex, Nifty end at lifetime highs on lower inflation...
- Oct 14, 2021
BSE Sensex rallied 569 points to close at a new peak on Thursday, extending its winning run to the sixth straight session. The spurt in the equity...
Interest rates of small savings schemes remain unchanged...
- Sep 30, 2021
The government on Thursday kept interest rates on small savings schemes, including National Savings Certificate (NSC) and Public Provident Fund...
SEBI board accords approvals for setting up gold exchanges,...
- Sep 28, 2021
The SEBI’s board on Tuesday cleared a proposal for setting up a gold exchange wherein the yellow metal will be traded in the form of Electronic...
Sensex, Nifty sign off at record highs again
- Sep 23, 2021
The stock market rally continued on Thursday too as the domestic benchmark indices once again ended at record high levels on the back of positive...
Sensex, Nifty plunge, spooked by Chinese realty market, US...
- Sep 20, 2021
Tracking a rout in the global markets, the benchmark indices tumbled for the second day on Monday. Investors were spooked by a possible spillover of...
Bad bank’s security receipts to be backed by Rs...
- Sep 16, 2021
Finance Minister Nirmala Sitharaman on Thursday announced a formal government guarantee on the security receipts that the planned bad bank would...
India Inc mop up $8.4 bn from 219 deals in August,...
- Sep 14, 2021
India Inc has seen 219 deals, aggregating to $8.4 billion in August, record volumes for any given month since 2005. While the volumes have almost...
RBI lets UCO Bank out of PCA restrictions framework as the...
- Sep 08, 2021
The Reserve Bank of India (RBI) on Wednesday said that it had removed UCO Bank from the Prompt Corrective Action (PCA) restrictions framework,...
SEBI offers stock exchanges an option to switch to T+1...
- Sep 07, 2021
The Securities and Exchange Board of India (SEBI) on Tuesday introduced T+1 settlement cycle for completion of share transactions on an optional...
Sensex, Nifty scale new peaks, BSE m-cap hits Rs 250 lakh...
- Aug 31, 2021
Equity indices jumped to record highs in yet another session on Tuesday, with the benchmark BSE Sensex rising by over 650 points, led by gains in...
NSE orders members to stop selling digital gold after SEBI...
- Aug 25, 2021
National Stock Exchange (NSE) has directed its members, including stockbrokers, to discontinue the sale of digital gold on their platforms by...
RBI sets up Financial Inclusion Index, FY21 index recorded...
- Aug 17, 2021
The Reserve Bank of India (RBI) has created a composite Financial Inclusion Index (FI-Index) to capture the extent of financial inclusion across the...
Cabinet’s nod for DICGC Bill, depositors to get Rs 5 lakh...
- Jul 28, 2021
Finance Minister Nirmala Sitharaman on Wednesday announced that the Union Cabinet had cleared the amendment to the Deposit Insurance Credit Guarantee...
ESAF Small Finance Bank files IPO papers to mop up Rs 998...
- Jul 27, 2021
ESAF Small Finance Bank has filed preliminary papers with capital markets regulator SEBI to raise Rs 998 crore through an initial public offer...
Zomato lists on a robust note, surging by 53% on stock...
- Jul 23, 2021
Zomato made a stellar debut on bourses on Friday, as its shares zoomed by nearly 53 per cent against the issue price of Rs 76. With the rally in the...
Zomato’s IPO ends on a sizzling note, online food...
- Jul 16, 2021
The blockbuster initial public offer (IPO) of online restaurant discovery and food delivery platform Zomato, which was launched earlier this week,...
Stock exchanges frame norms to alert investors on...
- Jul 10, 2021
Stock exchanges – BSE and NSE – have unveiled guidelines to safeguard the rights of investors in a bid to bring transparency in trading of shares...
SEBI approves Zomato’s IPO; food delivery aggregator’s...
- Jul 05, 2021
Zomato’s IPO has been given approval by the Securities and Exchange Board of India (SEBI), and it is likely that the food delivery platform can be...
RBI extends restrictions on PMC Bank up to December 31, 2021
- Jun 25, 2021
The Reserve Bank of India (RBI) has extended the restrictions imposed on Punjab and Maharashtra Cooperative Bank (PMC Bank) until December 31, 2021....
Centrum gets RBI’s nod to float small finance bank, take...
- Jun 18, 2021
The Reserve Bank of India (RBI) on Friday granted in-principle approval to Centrum Financial Services to set up a small finance bank. With the...
RBI clears ATM interchange fee hike, ATM transaction...
- Jun 11, 2021
The Reserve Bank of India (RBI) has approved a hike in the interchange fees per transaction through automated teller machines (ATMs) from the...
RBI issues new guidelines for private sector banks to take...
- May 11, 2021
The Reserve Bank of India (RBI) on Monday came out with modified guidelines that allow sound private sector banks to undertake government business,...
Equity mutual funds see lower inflow of Rs 3,437 crore in...
- May 11, 2021
Equity mutual funds witnessed a net inflow of Rs 3,437 crore in April, making it the second-consecutive, monthly infusion. However, this was much...
LIC’s holding in companies with over 1% stake falls to...
- May 10, 2021
LIC’s holding across 296 companies, where its stake is more than 1 per cent, slipped to an all-time low of 3.66 per cent as on March 31, 2021, down...
IDBI Bank back in the black after five years, registers net...
- May 03, 2021
LIC-controlled IDBI Bank turned profitable in the financial year ended March 2021 after five years, posting a net profit of Rs 1,359 crore for the...
Amid COVID-19 surge, banks to slash business hours and cut...
- Apr 22, 2021
With Coronavirus infections crossing 3,00,000 a day, banks have decided to shorten branch hours and cut staff attendance to 50 per cent. The decision...
LIC earns new business premium of Rs 1.84 lakh crore in...
- Apr 21, 2021
Life Insurance Corporation of India (LIC), one of Asia’s life insurance giants, closed the last financial year (FY21) with a new business premium...
High momentum in capital markets see 22 IPOs mopping up...
- Apr 21, 2021
India witnessed 22 initial public offers (IPO) worth over $2.5 billion in the first three months of 2021 amid “high momentum” in the country’s...
Maidavolu Narasimham, the father of Indian banking reforms,...
- Apr 20, 2021
Former Reserve Bank of India (RBI) Governor Maidavolu Narasimham, famously known as the father of Indian banking reforms, passed away on Tuesday at...
Funds mop-up via public and rights issues soar by 115% and...
- Apr 15, 2021
The Union Finance Ministry has said that fundraising through public and rights issues surged by 115 and 15 per cent respectively in 2020-21 despite...
PFC and REC reduce lending rates
- Mar 31, 2021
PFC and REC, Navratna CPSEs under Ministry of Power, are the prime financiers of Indian power sector capturing a significant market share in...
RBI extends deadline for auto-renewal of payments by six...
- Mar 31, 2021
The Reserve Bank of India (RBI) has extended the deadline for auto-renewal of payments for various payments and subscriptions by another six...
SEBI makes many changes to listing rules, dividend...
- Mar 25, 2021
In an action-packed board meeting, market regulator Securities and Exchange Board of India (SEBI) on Thursday approved several amendments to...
SBI’s digital transactions rise by 67%, e-commerce during...
- Mar 19, 2021
State Bank of India (SBI) has seen a perceptible increase in number of transactions happening at its multiple digital channels, with the percentage...
RBI takes IDBI Bank out of Prompt Corrective Action...
- Mar 11, 2021
The Reserve Bank of India (RBI) has removed IDBI Bank from its enhanced regulatory supervision or Prompt Corrective Action (PCA) framework after a...
IEX sells 26% stake in IGX to NSE, another 5% stake...
- Mar 10, 2021
Indian Energy Exchange (IEX) on Wednesday announced strategic divestment of 26 per cent of its equity holding in the Indian Gas Exchange (IGX) to...
Government proposes to hike LIC’s authorised capital to...
- Mar 08, 2021
The government has proposed to increase the authorised capital of Life Insurance Corporation of India (LIC) significantly to Rs 25,000 crore to ...
RailTel Corporation’s IPO subscribed by 42.4 times, could...
- Feb 18, 2021
The Rs 820-crore RailTel Corporation of India’s initial public offer (IPO) was subscribed 42.4 times on the final day of the bidding process on...
Lodha Developers files papers for IPO, to mop up Rs 2,500...
- Feb 17, 2021
Lodha Developers has filed draft papers with market regulator SEBI for its proposed initial public offer (IPO) to raise around Rs 2,500 crore. This...
BoM, BoI, IOB and Central Bank of India shortlisted for...
- Feb 15, 2021
The government has shortlisted four mid-sized, State-run banks for privatisation under a new push to sell State assets and shore up...
Sensex scales new peak, ends 610 points up at 52,154; Nifty...
- Feb 15, 2021
Stock market indices touched sky high on Monday as bulls rode on banking and financial counters. Amid contained COVID-19 infections, Budget boost...
IRDAI asks insurance companies to issue digital insurance...
- Feb 13, 2021
The Insurance Regulatory Authority of India (IRDAI) has advised all insurance companies for issuing digital insurance policies through DigiLocker....
Markets end marginally lower after a volatile day
- Feb 10, 2021
Market Wrap-UpIndian equity markets pared day's losses to end Wednesday's volatile session marginally lower. The Sensex ended 19.69 points, or...
RBI leaves Repo, Reverse Repo Rates Unchanged, assures...
- Feb 05, 2021
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has kept Repo Rate unchanged at 4 per cent for the fourth time in a row. The ...
Retail investors can soon invest in primary and secondary...
- Feb 05, 2021
In a major structural reform, the Reserve Bank of India (RBI) will soon allow retail investors to open government securities (G-Sec) or gilt...
Stock markets extend gain as investors continue to cheer...
- Feb 02, 2021
The Indian market extended gains to end over 2% higher on Tuesday, as investors continue to cheer Budget announcements amid positive global...
Sensex’s leap past 50K, followed by its immediate...
- Jan 28, 2021
It was a momentous leap for the BSE Sensex in late January. The benchmark index of the Bombay Stock Exchange (BSE) crossed 50,000 points in...
SEBI eases norms for Follow-on Public Offers (FPOs)
- Jan 26, 2021
The SEBI has relaxed framework for Follow-on Public Offers (FPOs), making it easier for promoters of companies to raise funds through this...
RBI moots four-tier structure for NBFCs
- Jan 23, 2021
The RBI has proposed to classify non-banking finance companies (NBFCs) into four categories to prevent a collapse in one of them from affecting...
Union AMC to double AUM to Rs 10,000 cr
- Jan 23, 2021
Union Asset Management Company (AMC) is looking beyond top-30 cities to double its asset base to Rs 10,000 crore within a year. Union AMC’s plan...
Insurers told to provide 3 standard products
- Jan 22, 2021
The IRDAI has asked general insurance companies to offer mandatorily three standard products, covering risk of fire and allied perils from April 1....
PFC floats Rs 5,000 crore debenture issue
- Jan 15, 2021
Power Finance Corporation Limited (PFC), one of the leading financial institutions in India focused on the power sector, has floated its Rs 5,000...
IPOs stage a stellar show in 2020
- Dec 31, 2020
Initial public offers (IPOs) in the domestic market were quite a hit in 2020, both qualitatively and quantitatively. The number of IPOs and...
