MONEY
EPFO working to make provident fund withdrawal via ATMs in...
- Dec 14, 2024
Starting 2025, Employees’ Provident Fund Organisation (EPFO) subscribers will be able to withdraw their provident fund (PF) through ATMs, Labour...
SBI-led panel to list out new bad loan accounts for...
- Dec 13, 2024
A committee headed by State Bank of India (SBI) Chairman C S Setty will prepare a fresh list of bad loan accounts for transfer to the National Asset...
SEBI scraps 1% security deposit for companies floating...
- Nov 22, 2024
The SEBI has abolished requirement of a mandatory security deposit with the exchanges before a public issue in a bid to facilitate ease of doing...
RBI, SEBI unveil framework for reclassifying excess FPI...
- Nov 12, 2024
The Reserve Bank of India (RBI) on Monday issued an operational framework for reclassification of investment made by a foreign portfolio investor...
At Rs 1.87 lakh crore in October, GST records...
- Nov 02, 2024
Gross Goods and Services Tax (GST) collection in October rose by 9 per cent to over Rs 1.87 lakh crore, the second-highest ever, on pick-up in...
SEBI launches liquidity window facility for investors in...
- Oct 17, 2024
The SEBI on Wednesday introduced a liquidity window facility for investors in the debt securities through a stock exchange mechanism.The liquidity...
RBI tells ARCs to furnish loan data to credit bureaus in a...
- Oct 11, 2024
The Reserve Bank of India (RBI) on Thursday directed asset reconstruction companies (ARCs) to establish a standard operating procedure for providing...
SEBI board approves new asset class with minimum investment...
- Oct 01, 2024
The Securities and Exchange Board of India (SEBI) has approved the introduction of a new asset class to bridge the gap between mutual funds and...
SEBI lets mutual funds buy and sell CDS, move helps fund...
- Sep 21, 2024
The SEBI has allowed mutual funds to both buy and sell Credit Default Swaps (CDS), a move aimed at increasing liquidity in the corporate bond...
Finance Minister Sitharaman urges PSBs to hold special...
- Aug 20, 2024
Union Finance Minister Nirmala Sitharaman chaired a meeting on Monday to review the performance of public sector banks (PSBs) on their financial...
Hindenberg accuses SEBI chief of Adani link, she flays US...
- Aug 11, 2024
Hindenburg Research has accused Securities and Exchange Bureau of India (SEBI) chief Madhabi Buch and her husband of having held “stakes in both...
SEBI unveils new measures to check volatility in F&O trade...
- Jul 31, 2024
Capital markets regulator Securities and Exchange Board of India (SEBI) has proposed new measures in an attempt to protect investors and maintain...
71% of intraday traders in equity cash market made losses...
- Jul 25, 2024
A study by market regulator SEBI shows that seven out of 10 individual intraday traders in the equity cash segment made losses in 2022-23.At the same...
SEBI changes rules for inclusion of stocks in F&O, relaxes...
- Jun 28, 2024
The Securities and Exchange Board of India (SEBI) on Thursday tweaked selection criteria for futures and options (F&O) stocks. The market...
E-rupee transactions slip to 1 lakh per day from 10 lakh in...
- Jun 26, 2024
Use of digital currency in the country, the e-rupee, has slumped to just a tenth of the peak hit in December 2023, four sources have said, reflecting...
Despite strained relations, Maldives set to launch...
- May 24, 2024
Notwithstanding the turbulence in their bilateral ties, Maldives will soon launch India’s RuPay service, which a senior minister has said “will...
BSE-listed companies hit m-cap of $5 trillion, mainly...
- May 22, 2024
BSE-listed companies’ total market capitalisation (m-cap) crossed the $5-trillion mark on Tuesday for the first time, following a run-up in mid-...
RBI lays down criteria for small finance banks to transform...
- Apr 27, 2024
The Reserve Bank of India (RBI) on Friday released a set of criteria that small lenders need to achieve, including performance metrics and market...
RBI bars Kotak Bank from on-boarding new customers, issuing...
- Apr 25, 2024
The Reserve Bank of India (RBI) has directed Kotak Mahindra Bank to cease on-boarding new customers through its online and mobile banking channels...
IRDAI scraps age limit of 65 for health cover, move set to...
- Apr 22, 2024
The Insurance Regulatory and Development Authority of India (IRDAI) has removed the age limit of 65 years for individuals buying health insurance...
RBI puts off new forex derivatives rules to May 3, brokers...
- Apr 05, 2024
The RBI has deferred the deadline to implement new rules for exchange-traded foreign exchange (forex) derivatives to May 3. The new rules were...
Richest 1% of Indians own 40.1% of the country’s wealth...
- Mar 21, 2024
Wealth concentrated in the richest 1 per cent of India’s population is at its highest in six decades, and the percentage share of income exceeds...
Interest rates for small savings schemes for April-June...
- Mar 09, 2024
Interest rates of small savings schemes for the coming quarter of April 1 to June 30, 2024, remain unchanged, the government has announced on...
CBI conducts raids across 67 locations in 7 cities linked...
- Mar 08, 2024
The Central Bureau of Investigation (CBI) conducted searches at 67 locations in seven cities across Rajasthan and Maharashtra in connection with...
RBI bans IIFL from sanctioning, disbursing gold loans amid...
- Mar 05, 2024
The RBI on Monday barred IIFL Finance with immediate effect from sanctioning or disbursing gold loans after certain material supervisory concerns...
India’s stock market value set to hit $10 trillion by...
- Feb 23, 2024
India’s stock market value is set to more than double to $10 trillion by 2030, going by its history of delivering double-digit returns and...
PFRDA to roll out two-factor authentication system to...
- Feb 22, 2024
In a proactive move to enhance security within the National Pension System (NPS) network, the Pension Fund Regulatory and Development Authority...
Mastercard, Visa halt payments by companies and small...
- Feb 15, 2024
The RBI has asked card payment gateways like Mastercard and Visa to halt card-based commercial payments made by companies and small entities....
SEBI rejects NSE’s settlement application in co-location...
- Feb 14, 2024
The SEBI has rejected a settlement application by National Stock Exchange (NSE) in the co-location case. According to a report in a section of the...
Serious KYC non-compliance, likely money laundering led to...
- Feb 04, 2024
Money laundering concerns and questionable dealings of hundreds of crores of rupees between popular wallet Paytm and its lesser-known banking arm had...
HDFC Bank applies for licence in Singapore to tap Indian...
- Jan 19, 2024
HDFC Bank, India’s biggest private sector lender, is seeking to open its first branch in Singapore, signalling its overseas ambitions after sewing...
Binance, eight other crytopcurrency trading platforms get...
- Dec 29, 2023
The Financial Intelligence Unit (FIU) under the Finance Ministry has issued show-cause notices to nine offshore cryptocurrency and virtual digital...
NPCI tells banks to deactivate dormant UPI IDs after...
- Nov 18, 2023
National Payments Corporation of India (NPCI) has released guidelines to deactivate inactive Unified Payments Interface (UPI) IDs and associated UPI...
RBI hikes risk weights for banks’, NBFCs’ surging...
- Nov 17, 2023
The Reserve Bank of India (RBI) on Thursday tightened norms related to unsecured lending portfolios of banks and non-banking financial companies...
Sensex, Nifty soar as Goddess Lakshmi smiles in special...
- Nov 13, 2023
Samvat 2080 started off with a big bang as bullish investors bought blue-chip stocks during the special Muhurat trading session on Sunday. The BSE...
Over 97% of Rs 2,000 notes returned; Rs 10,000-cr of notes...
- Nov 02, 2023
The Reserve Bank of India (RBI) on Wednesday said that more than 97 per cent of the Rs 2,000 banknotes in circulation had been returned to the...
India’s inclusion into global bond index may see inflows...
- Oct 01, 2023
From June 2024, Indian government bonds will be included in JPMorgan Chase & Co’s emerging market bond index. In fact, the inclusion of...
Household savings plunge to 50-year low in FY23 as incomes...
- Sep 19, 2023
Net financial savings of households fell to a nearly five-decade low of 5.1 per cent of GDP in FY23, down from 7.2 per cent in FY22, the Reserve Bank...
Input tax credit on items bought for distribution to...
- Sep 04, 2023
Businesses can claim input tax credit on items, like gold coins and white goods, procured for distribution to dealers upon achieving pre-specified...
Banks, NBFCs can levy ‘penal charges’ but not ‘penal...
- Aug 19, 2023
The Reserve Bank of India (RBI) has issued fresh guidelines to regulated entities (REs) such as commercial and other banks, NBFCs and other lenders...
Zerodha gets SEBI’s approval to start mutual fund, Vishal...
- Aug 12, 2023
Brokerage firm Zerodha has received in-principle approval from the SEBI to launch its asset management company (AMC). “We just received the...
BofA sees Nifty soaring to 20,500 points by December 2023
- Aug 09, 2023
BofA Securities has revised its Nifty target for December 2023 to 20,500 from of 18,000, following a shift in perspective from expecting a mild...
Market upbeat amid stable economy and robust foreign...
- Aug 02, 2023
The stock market is on fire. The BSE Sensex and the NSE Nifty have hit multiple highs in the past few months. The benchmark indices closed at their...
SEBI mulls linking retail investors’ wealth to their...
- Jul 29, 2023
Market regulator SEBI is set to propose linking the amount of equity derivatives retail investors may trade to their wealth, two people with direct...
PNB MetLife clocks over 99% claims settlement ratio in FY23
- Jul 16, 2023
PNB MetLife on Saturday said it had achieved a claim settlement ratio of 99.06 per cent and 99.70 per cent for individual and group customers’...
Time for submitting PAN-linked bank a/c details likely to...
- Jul 07, 2023
The GST Council is likely to reduce the time for submission of PAN-linked bank account details of a person seeking registration with tax authorities...
Fast repricing of loans aids banks’ NIM to rise to 3.3%...
- Jul 03, 2023
Banks’ net interest margin (NIM), a key profitability gauge, grew by 46 basis points to 3.3 per cent in the January-March quarter, driven by slower...
Net profit of PSBs’ nearly triples to Rs 1.04 l cr in...
- Jul 02, 2023
Finance Minister Nirmala Sitharaman on Saturday said that public sector banks’ (PSBs) profit in the last nine years tripled to Rs 1.04 lakh crore...
India tops global digital payments ranking with 89.5 mn...
- Jun 11, 2023
India has emerged as the frontrunner in digital payments, surpassing four other countries, with a staggering 89.5 million digital transactions...
RBI’s nod for banks to offer NDF contracts to resident...
- Jun 07, 2023
The Reserve Bank of India (RBI) has issued rules allowing banks to offer non-deliverable forward (NDF) contracts involving the rupee to resident...
RBI’s digital currency pilot project to be expanded to...
- May 31, 2023
The RBI has said that the Central Bank Digital Currency (CBDC) pilot is being expanded to include more banks. The first pilot in the Digital...
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...
