The cost of funds for non-banks in Mumbai may rise by 200 to 300 basis points as banks reduce funding. Recent data shows a drop in bank funds to non-banks. RBI’s actions have impacted bank loans to non-banking financial companies,…
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Fitch Ratings has maintained a positive outlook on India’s medium-term economic growth, citing substantial government capital expenditure and strengthened corporate and bank balance sheets. The BJP-led NDA is likely to form the next government, and India’s strong medium-term growth outlook…
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Financial markets regulator Securities and Exchange Board of India (SEBI) has relaxed timelines for disclosure of certain material changes or events by Foreign Portfolio Investors (FPIs).
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Sebi directs Religare to apply with open offer proposal by Burman family to purchase additional 26% stake from public shareholders.
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The number of penalties imposed by the Reserve Bank of India on financial institutions grew 88% in the past three years with Know Your Customer (KYC) and Anti Money Laundering (AML) topping the list of non-compliances. The central bank collected…
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The order’s total worth is more than Rs 3,500 crore, excluding the GST, the company added.
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