Banking & Finance

Hindenburg claims SEBI Chair Madhabi Buch and her husband held stakes in offshore funds linked to the Adani scandal. The short-seller suggests this may explain SEBI’s lack of thorough investigation.

NEW DELHI: The government is scheduled to introduce the Banking Laws (Amendment) Bill, 2024 which seeks to increase the option for nominees per bank account to four, from existing one, among others. Another proposed change relates to…

MUMBAI: With the lenders (commercial banks) pushing top-up loans like never before, the Reserve Bank has flagged this as a potential risk for the system and asked all lenders to review such practices and take remedial action. Top-up…

MUMBAI: Market regulator Sebi is planning to make it easier for new registered investment advisers to register by reducing entry barriers for them by cutting compliance costs and making it more lucrative for new entrants. In a…

MUMBAI: Despite the rising chorus within the monetary policy committee (MPC) for slashing the interest rates and also change the policy stance, nobody is expecting the Reserve Bank-led rate setting panel to tweak the policy rates or even…

New Delhi:  "PFC’s sustained success is reflected in its ability to deliver value to shareholders. The company's strong performance has enabled it to declare an interim dividend of Rs. 3.25 per share in Q1’25, " said Power Sector…

NEW DELHI: Capital markets regulator Sebi has amended mutual fund norms requiring Asset Management Companies (AMCs) to put in place an institutional mechanism to identify and deter front-running and insider trading in securities.…

Delhi: India's largest lender State Bank of India, under Dinesh Kumar Khara, who’s superannuating as Chairman on August 28 upon turning 63, saw its per employee productivity jumping to a record high. Khara, an alumni of the Delhi School…

Mumbai: As part of the broader efforts of Securities and Exchange Board of India (SEBI) to facilitate and streamline the registration and operational processes for intermediaries, the regulator will soon have a performance validation agency…

MUMBAI: Markets regulator Sebi has amended the rules requiring stock exchanges and clearing corporations to disclose their shareholding patterns on their websites on a quarterly basis, in line with the listing obligations (LODR) regulations…

MUMBAI: The proposed higher mark-ups that the Reserve Bank is seeking from banks in the draft liquidity coverage ratio (LCR) framework will impact the LCRs by 10-30 percentage points (pps), thus reducing the cushion now available with banks…

India's cost per gigabyte of data consumed is the lowest globally at an average of Rs 13.32 ($0.16) per GB with one of the highest mobile data consumption in the world, averaging a per-user per-month consumption of 24.1 GB in 2023.

MUMBAI: Manoj Mittal has assumed the office as the chairman and managing director (CMD) of the small businesses-focused developmental lender Small Industries Development Bank of India (Sidbi). Mittal was appointed by the government after…

Aided by growth in profits, the company's Net Worth has grown to ₹ 72,351 crores as on 30th June 2024, registering an increase of 19% YoY.

Mumbai: State-run Canara Bank has reported a 10.5 percent on-year rise in net profit for the June quarter at Rs 3,905.3 crore on improved asset quality with lower bad loans and fresh slippages. The Bengaluru-based lender said Thursday…

New Delhi: The Reserve Bank has revised the extant regulatory framework guiding domestic money transfer services by making the know your customer (KYC) record requirements stringent after a review of the current framework guiding various…

MUMBAI: The Kochi-based old generation private sector lender Federal Bank has reported the highest-ever quarterly net income at Rs 1,010 crore for the June quarter, logging in an 18.25 percent annualised growth, boosted by all-round…

New Delhi: Though there were no announcements benefiting the financial sector directly except those on home loans, bankers led by State Bank chairman Dinesh Khara and IBA chairman MV Rao have hailed the Union Budget saying the document…

MUMBAI: A significant improvement in slippages and asset quality coupled with a spike in non-interest income have helped the state-run Indian Overseas Bank (IOB) to book a 26.60 percent on-year growth in net profit at Rs 633 crore in the…

MUMBAI: A stake sale in its general insurance subsidiary has boosted standalone net income of the fourth largest private sector lender, Kotak Mahindra Bank, by 81% to Rs 6,250 crore, of which as much as Rs 3,012 crore came in as the…