The central bank’s guidelines require all regulated entities, including commercial banks, cooperative banks and NBFCs, to create an additional 5% provision on loans availing the moratorium or extended export-credit timelines.
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Sebi is planning to overhaul mutual fund and stock broking rules at its December board meeting, according to sources close to the development. The market regulator aims to cut regulations by half and separate TER from statutory levies. Further, it…
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The Securities Markets Code Bill 2025 is slated for introduction in Parliament’s Winter session, aiming to streamline India’s financial markets by merging key securities laws into a single code. This unified legislation, first proposed in the Union Budget 2021-22, is…
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Shady technology service providers (TSPs) posing as fintechs are exploiting banks’ payout APIs to move large sums without oversight, raising concerns across the payments industry. These APIs, meant for bulk automated transfers to employees or vendors, allow transactions without OTPs…
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In a significant move, India and Italy have unveiled a collaborative effort to tackle terrorism financing head-on. Prime Ministers Narendra Modi and Giorgia Meloni convened during the G20 summit, where they explored ways to enhance not only trade and defense…
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India stands on the brink of an economic renaissance, with many analysts consistently underestimating its growth potential. Recent reforms in key areas such as infrastructure, taxation, and labor laws are sparking significant advancements. However, the task of generating high-productivity employment…
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