Adani Group aims to demerge its airport business by 2027-28, guided by financial independence and operational readiness. This comes as Adani Enterprises Limited launches its first public issue of NCDs, targeting up to Rs 800 crore. The raised funds are…
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The Reserve Bank of India is expected to release final guidelines soon on provisioning and accounting norms for project finance. Discussions are also ongoing for Expected Credit Loss guidelines. The RBI aims to implement new provisions at 5% in phases,…
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A senior RBI official emphasised the need for responsible lending to build consumer trust and protection in digital lending using AI/ML models. With AI’s growing role in credit assessment, banks need to focus on governance and financial literacy. Digital lending…
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The investigation centres on trades conducted by Saluja last year on September 21 and 22, days before the Burman family’s open offer for Religare Enterprises was announced on September 25, 2023.
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SEBI chairperson Madhabi Puri Buch emphasized the ease of regulatory compliance at the Global Fintech Fest. She discussed the positive reception of new REIT regulations and addressed conflict-of-interest allegations from Hindenburg Research regarding her ties to Blackstone, which both she…
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The dip in growth was driven primarily by a downturn in agriculture-linked sectors such as fertilisers, seasonal factors, and the impact of general elections on construction-linked industries.
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