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FIT AND PROPER STATUS
Fino eyes asset-light, tech-led small finance bankFino Payments Bank is moving forward with its plan to become a small finance bank. The bank will focus on technology and secured lending, a...- Quote of the Day by Confucius: 'The man who asks a question is a fool for...'—Inspiring quotes by the ancient Chinese philosopher renowned for aphorismsQuote of the day: Confucius's timeless wisdom highlights the power of asking questions. A questioner is a fool for a moment, but one who re...
- Oracle job cuts hit H-1B workers: Six ways to stay in the US after losing your jobTech giant Oracle is implementing fresh layoffs, channeling funds into AI infrastructure. This move impacts H-1B workers, who typically rec...
- Fino Payments Bank defers MD Rishi Gupta's reappointment; awaits RBI reviewFino Payments Bank has paused the re-appointment of its Managing Director, Rishi Gupta. This decision comes as the Reserve Bank of India wi...
- Sebi orders Religare to apply for open offer before July 12Sebi directs Religare Enterprises to obtain approvals from all regulators by July 12 for Burman family's open offer to buy more shares. The...
- Sebi orders Religare to seek regulatory approvals for Burman family open offerThe capital markets regulator's directive has come as a setback to the New Delhi-based financial services firm's management led by chairper...
- Sebi asks Religare Enterprises to apply for regulatory approval for open offer by Burman GroupThe Burmans, who founded and control consumer goods conglomerate Dabur India, raised its stake in Religare to nearly 25% in September last ...
- Sebi notifies new 'fit and proper' criteria for exchanges, clearing corpsIn two separate notifications, the Securities and Exchange Board of India (Sebi) said that 'fit and proper person' criteria will apply to t...
- Sebi to tweak fit and proper criteria; to introduce silver ETFsIn addition, the board of Sebi approved an amendment to mutual fund rules to enable the introduction of silver ETFs with certain safeguards...
- RBI tightens CEO norms for urban cooperative banksThe rules gain significance considering that in many cooperatives the appointment is political, and the central bank is slowly tightening i...
- Yes Bank audit panel chief quits boardAgarwal, CA by profession, has been on the bank’s board since November 14, 2018.
- YES Bank says reviewing fit and proper status of Uttam Prakash AgarwalIn his resignation letter, Agarwal made certain observations on the bank's governance.
- PSBs can't push people of choice on their boardsThe central bank on Friday came out with new master directions on fit and proper guidelines for elected directors on the board of PSBs.
- Phillip Commodities barred from brokingSebi has initiated both civil and criminal proceedings against about 300 brokers.
- Anand Rathi, Geofin Comtrade not 'fit and proper' to be commodity brokers: SebiEarlier, Sebi declared Motilal Oswal Commodities and IIFL Commodities as not ‘fit and proper'.
- SAT stays IRDAI order on Sahara Life for a weekThe tribunal fixed the next hearing in the matter on August 7 when it will decide on the maintainability of the petition filed by SILIC aga...
- National Housing Bank tells housing finance companies to improve governanceIndustry leaders, however, believe that NHB is now trying to regulate the smaller, unlisted and new entrants more effectively.
- RBI: Investors will need approval to buy 5% in banksIndia's settlements systems for banks and markets were largely operational, the RBI said, even after the majority of the 17,000 employees a...
- MCX Stock Exchange gets conditional one-year renewal; Sebi seeks business planThe regulator also asked the exchange to "take immediate steps to rectify the deficiencies pointed out in the systems audit as well as spec...
- When will Financial Technologies-Kotak Mahindra Bank deal conclude? FMC asks MCXOn July 20th, 2014, Financial Technologies announced that it had agreed to sell its 15% stake in MCX to Kotak Mahindra Bank for Rs 459 cror...
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