India aims to achieve a $30 trillion GDP by 2047, requiring significant growth in the financial services sector, especially banks. A report by BCG, FICCI, and Indian Banks’ Association highlights the need for $4 trillion in bank capital and emphasizes…
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Protest Against Madhabi Puri Buch: Over 500 Sebi officers protested at the Mumbai headquarters, demanding chairperson Madhabi Puri Buch’s resignation and withdrawal of a media statement accusing them of being influenced by external elements. The silent protest followed earlier complaints…
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Banks face challenges in attracting deposits due to regulatory restrictions, making mutual funds more appealing. Indian Banks’ Association chairman MV Rao highlights the need for government support to draw savers. HSBC India CEO suggests studying deposit creation causes, while SBI…
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The Congress has questioned payments made to Buch by ICICI Bank, her former employer, after she became a whole-time member of SEBI, and sought an independent probe into the matter.
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Audit firm MSKA & Associates has resigned as Byju’s statutory auditor, citing uncooperative management and suspicious transactions involving a Dubai-based reseller. This resignation affects the audit for FY23 accounts and follows Deloitte Haskins & Sells’ exit in 2022. The firm…
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The Supreme Court on Friday told a Bengaluru-based bar body that it is looking into issues related to vacancies in income tax appellate tribunals (ITATs).
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