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FINANCIAL REGULATION POLICIES
RBI to resume urban cooperative bank licensing process after two decadesThe Reserve Bank of India will resume issuing new licenses for urban cooperative banks. This process has been paused for over two decades d...
Nifty stuck in slow lane even as Sensex rallies 450 pts. How long can this divergence last?Sensex and Nifty continued to diverge on Wednesday, with the Sensex gaining over 450 points while Nifty remained largely flat. The divergen...
Household savings rise to 21.7% of GDP in FY25: GovtHousehold savings increased to 21.7 percent of GDP in 2024-25. Government and RBI measures aim to boost incomes and financial security. RBI...
Sensex falls 210 points, Nifty closes below 24,650 as market snaps 4-day gaining streakIndian benchmark indices ended lower on Tuesday, snapping a four-day winning streak as the Sensex dropped 210 points to 78,429 and the Nift...
Trump's bank accounts were closed due to concerns over possible money laundering: Capital OneCapital One closed Donald Trump's accounts in 2021 after flagging suspicious financial activity. The bank stated these closures resulted fr...
Surrender and withdrawals as a share of total benefits paid by life insurers rise to 39%Surrender and withdrawal benefits paid by life insurers have increased significantly. These benefits now exceed maturity benefits paid by t...
BEE's draft CAFE norms risk derailing India's EV ambitions, industry competitivenessDelhi's revolutionary electric vehicle policy stands at odds with the Bureau of Energy Efficiency's updated CAFE standards. The latest guid...
RBI issues revised Basel Pillar 3 disclosure framework for commercial, small finance and payments banksThe Reserve Bank of India has revised its Basel Pillar 3 disclosure framework. These amendments aim to strengthen market discipline through...
Bank of England policymakers keep rates on hold but more back hikeThe Bank of England decided to keep its benchmark interest rate steady at 3.75 percent. However, three policymakers have pushed for a possi...
Global Market: Bank of England expected to hold rates steady as inflation risks stay in focusThe Bank of England is expected to hold its benchmark interest rate at 3.75% as policymakers assess inflation risks from geopolitical tensi...
Bank of Baroda may trigger cyber insurance claimBank of Baroda has filed a preliminary claim under its cyber insurance policy after a suspected data breach exposed nearly 1 TB of customer...
PNGRB plans to open city gas for external investorsThe PNGRB plans to allow third-party capital investment in city gas distribution areas. This move aims to expand natural gas reach and prom...
IFSCA working with govt on outbound tax issues: OfficialOutbound investments from GIFT IFSC face tax-related constraints, according to an IFSCA official. The International Financial Services Cent...
Meta's Mark Zuckerberg says US should not block Chinese AI models: FTIn an interview with the newspaper published on Tuesday, Zuckerberg said that banning cutting-edge Chinese AI in the US would not be "an ef...
NRIs can now buy term insurance in USD from India: Policybazaar explains how new plan protects against currency riskNon-Resident Indians can now purchase US dollar-denominated term insurance plans in India. These plans are available through Policybazaar's...
Indonesia's central bank governor Perry Warjiyo steps down, stoking independence concernsIndonesia's central bank governor Perry Warjiyo resigned unexpectedly on Monday. Destry Damayanti, a senior deputy governor, will now serve...
Regulator warns insurers against deep discounts on fire risk coverThe insurance regulator has flagged aggressive underpricing in fire insurance, with discounts of up to 99% on large industrial risks, warni...