Some of the money coming into the market through P-notes could be the unaccounted wealth camouflaged under the guise of foreign institutional investor (FII) investment. SIT report said obtaining information on “beneficial o
A senior official of the Hong Kong Stock Exchange said that some Indian companies are likely to list their companies on the exchange, which is the world’s largest IPO market where global companies raised $33.94 billion in 2
According to an official, the regulator did not find anything wrong with its investment pattern in PSU banks. Earlier, the RBI had expressed concern over LIC making huge investments in PSU banks, saying it can “affect the f
In the last three years, public sector banks have written off Rs 1,14,000 crore as reported by The Indian Express on February 8. The Finance Ministry, RBI and SBI sent separate letters to the newspaper arguing that write-offs
The Reserve Bank of India (RBI) is against giving any special dispensation to the proposed National Asset Management Company (NAMCO) to tackle the growing menace of non-performing assets (NPAs) of the banking sector.
Even though the RBI slashed the base rate by 125 bps within a span of less than a year, the banks haven’t been able to fully pass on the benefits to borrowers, thereby forcing the central bank to switch to a new mechanism o
On October 19, the Securities and Exchange Board of India (Sebi) ordered Newland Agro Industries Ltd not to, directly or indirectly, access the capital market by issuing prospectus, offer document or advertisement soliciting
Bajaj group chairman Rahul Bajaj has indicated his desire to allow the insurance partner Allianz of Germany to hike stake in their joint ventures at a “fair and reasonable price” as per the Reserve Bank guidelines and Ins