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VIVEK IYER
Promoters with fraud loan A/Cs may not get to join other companies as directorsThe move follows concerns raised by banks, citing cases where such promoters continue to hold directorships elsewhere. Existing laws do not...- Increase in limits for NRI and OCI investors to invest in stock market without SEBI registration, RBI GuvThe Reserve Bank of India has boosted investment limits for non-resident Indians, Overseas Citizens of India, and other individuals residin...
- Banks push for Yuan trade in GIFT City as India-China ties warm upIndia's GIFT City is considering allowing banks to transact in offshore renminbi. This move follows a suggestion from banks to broaden serv...
- PSU banks to hold majority in digital payment intel bodyTo combat payment fraud, state-run banks will spearhead the Digital Payments Intelligence Platform (DPIP), holding a majority stake in this...
- Banks seek RBI nod to tap litigation funding for overseas dues recoverySeveral Indian banks have approached the Reserve Bank of India, requesting authorization to utilize third-party litigation funding for reco...
- RINL seeks credit rating upgrade after paring debtRashtriya Ispat Nigam Ltd. (RINL) is engaging with rating agencies to potentially elevate its credit rating to BBB+ due to substantial debt...
- RBI expands loan access; allows small finance banks to offer UPI-based credit linesThe Reserve Bank of India (RBI) has expanded the scope of UPI by allowing Small Finance Banks (SFBs) to offer pre-approved credit lines. Th...
- PSBs seek changes to rules for Infra loans, may approach govtState-owned lenders plan to approach the government seeking changes to terms governing performance bank guarantees (PBGs), timely compensat...
- Relief sought over hike in risk weights on infrastructure finance companies' loans to NBFCsIn November 2023, the regulator increased the risk weights for loans to NBFCs by 25 basis points. As a result, bank borrowing has turned mo...
- RBI to store your financial data on cloud to boost security, privacyThe Reserve Bank is working on establishing a cloud facility for the financial sector in India.
- NFRA may spell out rules for AT-1 bonds valuationThese securities, popularly known as AT-1 bonds, are hybrid instruments that are perpetual in nature. These can be written-down under certa...
- Banks plan rating model for startups' risk profilingBanks in India are considering the implementation of a separate rating framework for startups in order to assess their risk profile and pro...
- Banks against code of conduct for committee of creditorsLenders believe a code of conduct for the committee of creditors (CoC), proposed by the insolvency and bankruptcy regulator, may limit thei...
- State-run banks told to review non-core businessesMost public sector banks have set up businesses including in insurance, factoring and housing finance. The government has for some time bee...
- Banks for including electric vehicles, green hydrogen in priority lendingBanks are of the opinion that bringing such loans under priority lending list will help plug financing gaps in these sectors and help lende...
- Foreign lenders need regulatory support: Grant Thornton Bharat Report“The RBI and the government could consider working together to ease some of the challenges that foreign banks have been facing in order to ...
- SaaS provider Swipez raises funds from Anicut and 9UnicornsSwipez helps small businesses in setting up their online transactions, managing receivables and payables, generating invoices and bills, co...
- Sebi top brass divided over utility of AIIf the regulator decides to go ahead with implementing the system, it will have to shell out around Rs 60 crore.
- Cipla on USFDA radar, stock goes downThe Goa facility accounts for as much as 20-25 per cent of the drugmaker's US revenues.
- Avendus frontrunner to acquire IDFC's AMC and broking unitsEarlier rounds of talks pointed to a deal size of Rs 5,000-6,000 crore.
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