Page 7 - Bs Reporter

Sebi widens auditor pool for investment advisers, research analysts

Regulator allows cost accountants to conduct compliance audits, easing capacity constraints and expanding flexibility for investment advisers and research analysts

Kotak Mahindra Bank files police complaint in Panchkula FD fraud case

Bank begins reconciliation of municipal deposits, says accounts followed due process; probe comes amid broader scrutiny of deposit irregularities in Haryana

Sebi proposes IT resilience index for market infrastructure institutions

Regulator seeks to standardise metrics and strengthen oversight of critical IT systems across market infrastructure institutions, including exchanges and depositories

MUFG's $4.4 billion investment in Shriram Finance wins CCI approval

Japanese lender to acquire 20% stake in NBFC via preferential allotment, marking one of the largest FDI deals in India's financial services sector

Network18 appoints Raj Jain as independent director for five years

Former Times Group CEO joins Network18 board as additional independent director, bringing multi-platform media leadership experience

Daimler Truck Innovation Centre appoints Radhakrishnan Kodakkal as CEO

Former Whirlpool executive to lead engineering and digital capabilities at Daimler Truck Innovation Center India, succeeding Raghavendra Vaidya

Irdai asks insurance companies to keep branches open on March 31

Regulator directs insurers to maintain normal working hours on financial year-end to avoid inconvenience to policyholders

Kotak Mahindra Bank to absorb KMIL business into bank from April 2026

Kotak Mahindra Bank to absorb KMIL operations from April 2026, simplifying structure and aligning with Reserve Bank of India norms

Priya Kapur removes Rani Kapur as trustee of RK Family Trust amid dispute

Notice cites breach of fiduciary duties as dispute over late Sunjay Kapur's estate escalates, with proceedings underway in the Delhi High Court

Remittances to India unlikely to be hit, may touch a new high of $140 bn

Remittances to India are projected to reach up to $140 billion in FY26 despite West Asia tensions, supported by resilient inflows and precautionary transfers, SBI report says

Biogas body seeks phased CBG blending, diesel phase-down in Delhi

Biogas industry body has urged phased CBG blending and diesel phase-down in Delhi, advocating an integrated clean mobility approach combining EVs, CNG, and biogas

Gold loan industry body seeks six-month deferment of RBI's new norms

The new framework, which is scheduled to come into effect on April 1, 2026, aims to strengthen regulatory oversight and promote responsible lending practices in the gold loan segment

Wipro expands South Korea presence with new innovation lab in Seoul

Wipro expands its South Korea operations with a new innovation lab, larger office in Seoul, and investments in local talent to support AI-led transformation

ICICI Bank to prioritise stable liability base to support growth: Report

ICICI Bank will focus on building a stable liability base while maintaining growth, supported by diversified sourcing, calibrated lending, and steady margins, says report

Sebi eases reporting norms for brokers, reduces compliance burden

Sebi has relaxed reporting requirements for brokers and depository participants, allowing selective account reporting and simplifying demat disclosure norms

Kotak Mahindra Capital divests nearly 31% stake in Infina Finance

The transaction involves the sale of a cumulative 30.99 per cent stake in Infina, an associate company of the bank, to multiple investors, the bank said in a regulatory filing

JP Morgan Chase Bank NA settles Sebi case for ₹34.42 lakh over FPI lapses

Bank settles Sebi case over alleged violations of FPI regulations, including licensing and registration lapses, without admitting or denying findings

RBI fines HSBC ₹31.80 lakh for non-compliance with deposit norms

Central bank penalises HSBC for non-compliance with norms on unclaimed deposits, including failure to maintain database and assign reference numbers

RBI board assesses impact on financial markets amid geopolitical tensions

RBI board reviews global and domestic economic scenario, as rising oil prices, rupee pressure and geopolitical tensions pose challenges for monetary policy outlook

Governance and ethics come above everything else, says HDFC Bank

HDFC Bank reassures investors on governance and stability after Chairman Atanu Chakraborty's resignation, says RBI backing and board unity will help restore confidence