Page 501 - Finance News

Fintech hub at GIFT City: IFSCA in talks with overseas regulators

IFSCA in talks with 10 foreign counterparts to help Indian fintech firms expand globally

SGX-NSE may start operations at Gift City by Dec: IFSCA's Injeti Srinivas

In a telephonic interview with Shrimi Choudhary, Injeti Srinivas, chairman of IFSC Authority (IFSCA), discusses the impact of Covid-19 on the operations of Gift City

RBI's disclosure dilemma

While the RBI must respect the spirit of freedom of expression, we need to draw a Laxman rekha, and the RTI Act should not become a tool to bypass all confidentiality requirements under other laws

IBA reaches out to govt for refund of compound interest waiver by banks

Indian Banks' Association (IBA) on behalf of lenders has approached the finance ministry to refund the burden fallen on their shoulders

CII protests RBI rules on auditors, says will cause 'enormous difficulties'

The central bank has asked most banks and NBFCs to immediately appoint new auditors.

Volatile yet lucrative, Bitcoin becomes Indians' dream investment

If the mega cryptocurrency has left you nervous, hold your nerves as there is a silver lining in the mayhem the crypto asset class experienced last week

Explained: How RBI's tough new rules impact the audit companies

The central bank's tough new rules spell major changes in the competitive landscape for financial services audits

SBI's March quarter showing impresses Street; stock jumps over 5%

Sequential comparisons indicate economic activity did not pick up

Reserve Bank of India fixes gold bond issue price at Rs 4,842 per gram

The issue price for the second tranche of the sovereign gold bond issue has been fixed at Rs 4,842 per gram, the Reserve Bank of India said on Friday

Govt garners Rs 4,000 crore through nearly 2% stake sale in Axis Bank

The government had offered to sell its 58 million shares or 1.95 per cent stake of Axis Bank held through Specified Undertaking of the Unit Trust of India (SUUTI)

Axis Bank OFS retail book of 5.8 mn shares receives just 28% subscription

Unsubscribed portion of the OFS will be allotted to non-retail investors

Kotak Mahindra Bank issues India's first FPI licence to GIFT AIF

This is the first FPI licence issued to an AIF incorporated in GIFT IFSC by any custodian bank or designated depository participant (DDP) in the country

Reserve Bank imposes penalty on City Union Bank, 3 other lenders

The RBI has imposed monetary penalty on City Union Bank, Tamilnad Mercantile Bank and two other lenders for contravention of certain directions issued by the central bank.

NCLT asks DHFL administrator to place Kapil Wadhawan's offer before CoC

The tribunal has asked CoC to convene within 10 days; DHFL's former promoter had earlier proposed to repay Rs 91,158 cr to lenders

Indian Bank to raise Rs 1,500-crore capital through tier I & II bonds

As of December 31, 2020, total capital adequacy ratio (CAR) stood at 14.06 per cent and tier 1 CAR was at 11.18 per cent

NBFCs had objected to RBI rules on auditor change, called for expert panel

The RBI had said in its guidelines that all banks and NBFCs, except non-deposit taking ones below Rs 1,000 crore, should change their auditors

RBI asks PSBs to implement recently announced measures 'in right earnest'

RBI Governor urges banks to continue focusing on enhancing resilience of their balance sheets

Nirmala Sitharaman urges CMs to end police manhandling of bank staff

The FM said that there is a need for banking services to continue uninterrupted, to support the bank customers' needs in these difficult times

Govt to sell nearly 2% SUUTI stake in Axis Bank, may get Rs 3,969 cr

Floor price set at Rs 680 a share; govt keeps option open to sell additional 0.74% stake

Central Bank gets nod to allot Rs 4,800-cr preference shares to govt

Central Bank of India on Tuesday said its shareholders have approved allotment of preference shares to the government for a Rs 4,800-crore capital infusion.