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Finance, Banking & Insurance

Finance, Banking & Insurance

News   -   Nov 08, 2024 Foreign Capital Retreat Hits Finance and Energy Markets
Foreign Capital Retreat Hits Finance and Energy Markets

In October 2024, foreign institutional investors (FIIs) sold banks and other financial equities worth roughly ₹26,139 crore ($3.15 billion), withdrawing ₹1,13,859 crore ($13.72 billion) from India's secondary market. According to the National Securities Depository Limited (NSDL) statistics, oil and gas stocks valued at

by Daanish Narayan
News   -   Oct 24, 2024 SEBI Chairperson Skips PAC Meeting
SEBI Chairperson Skips PAC Meeting

Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), failed to appear before the KC Venugopal-led Public Accounts Committee (PAC) citing personal reasons. The committee was adjourned following her absence. The BJP members who had earlier questioned Venugopal’s decision to summon her, met Lok

by Daanish Narayan
News   -   Oct 22, 2024 Highest Foreign Portfolio Investment Sell-Off in a Month
Highest Foreign Portfolio Investment Sell-Off in a Month

International investors have taken out ₹81,000 crore ($962 million) from the Indian equity market so far in October, which is the most in a month. The recent risk-off mentality among international fund managers has been heightened by concerns about market valuations following a downturn in earnings and a resurgence

by Daanish Narayan
Finance, Banking & Insurance   -   Oct 18, 2024 RBI to Ease Cross-Border Payments
RBI to Ease Cross-Border Payments

The Reserve Bank of India (RBI) Governor, Shaktikanta Das, said RBI could consider widening the scope of the Real Time Gross Settlement System (RTGS) to the settlement of transactions in US dollars, euros and pound sterling.

by Amal Anzari
Finance, Banking & Insurance   -   Oct 18, 2024 RBI Governor Warns NBFCs Over Unsustainable Growth Practices
RBI Governor Warns NBFCs Over Unsustainable Growth Practices

BI Governor Das cautioned non-banking financial companies (NBFCs) against using unsustainable strategies to drive growth. He urged NBFCs, including microfinance institutions (MFIs) and housing finance companies (HFCs), to prioritise sustainable goals, risk management, and customer satisfaction, while maintaining a “compliance-first” culture.

by Amal Anzari
News   -   Oct 09, 2024 RBI Keeps Repo Rate Unchanged, Changes Monetary Policy Stance to Neutral
RBI Keeps Repo Rate Unchanged, Changes Monetary Policy Stance to Neutral

The Reserve Bank of India (RBI) shifts monetary policy stance to neutral. Repo rate unchanged at 6.5%, brings relief to lenders.

by Daanish Narayan
Finance, Banking & Insurance   -   Sep 30, 2024 New rules simplify foreign exchange compounding process
New rules simplify foreign exchange compounding process

In line with the Union Budget 2024-25, the Ministry of Finance has introduced the Foreign Exchange (Compounding Proceedings) Rules, 2024, replacing the previous 2000 rules. The updated regulations aim to simplify foreign investments by streamlining the compounding process, enabling faster application processing, and offering digital payment options. This revision aligns

by Amal Anzari
Finance, Banking & Insurance   -   Sep 27, 2024 Reserve Bank Opens Privatisations to Foreign Investors
Reserve Bank Opens Privatisations to Foreign Investors

The government's disinvestment plan for FY 2024-25, reportedly for $59.8 million, has a special focus on the banking sector. IDBI Bank, formerly a public-owned bank, is a significant test case for the New Public Sector Enterprises Policy, which aims to boost the private sector's capacity

by Daanish Narayan
Foreign Capital Retreat Hits Finance and Energy Markets
News   -   Nov 08, 2024 Foreign Capital Retreat Hits Finance and Energy Markets

In October 2024, foreign institutional investors (FIIs) sold banks and other financial equities worth roughly ₹26,139 crore ($3.15 billion), withdrawing ₹1,13,859 crore ($13.72 billion) from India's secondary market. According to the National Securities Depository Limited (NSDL) statistics, oil and gas stocks valued at

by Daanish Narayan
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Finance, Banking & Insurance Articles 41 Articles
News   -   Nov 08, 2024 Foreign Capital Retreat Hits Finance and Energy Markets
Foreign Capital Retreat Hits Finance and Energy Markets

In October 2024, foreign institutional investors (FIIs) sold banks and other financial equities worth roughly ₹26,139 crore ($3.15 billion), withdrawing ₹1,13,859 crore ($13.72 billion) from India's secondary market. According to the National Securities Depository Limited (NSDL) statistics, oil and gas stocks valued at

by Daanish Narayan
News   -   Oct 24, 2024 SEBI Chairperson Skips PAC Meeting
SEBI Chairperson Skips PAC Meeting

Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), failed to appear before the KC Venugopal-led Public Accounts Committee (PAC) citing personal reasons. The committee was adjourned following her absence. The BJP members who had earlier questioned Venugopal’s decision to summon her, met Lok

by Daanish Narayan
News   -   Oct 22, 2024 Highest Foreign Portfolio Investment Sell-Off in a Month
Highest Foreign Portfolio Investment Sell-Off in a Month

International investors have taken out ₹81,000 crore ($962 million) from the Indian equity market so far in October, which is the most in a month. The recent risk-off mentality among international fund managers has been heightened by concerns about market valuations following a downturn in earnings and a resurgence

by Daanish Narayan
Finance, Banking & Insurance   -   Oct 18, 2024 RBI to Ease Cross-Border Payments
RBI to Ease Cross-Border Payments

The Reserve Bank of India (RBI) Governor, Shaktikanta Das, said RBI could consider widening the scope of the Real Time Gross Settlement System (RTGS) to the settlement of transactions in US dollars, euros and pound sterling.

by Amal Anzari
Finance, Banking & Insurance   -   Oct 18, 2024 RBI Governor Warns NBFCs Over Unsustainable Growth Practices
RBI Governor Warns NBFCs Over Unsustainable Growth Practices

BI Governor Das cautioned non-banking financial companies (NBFCs) against using unsustainable strategies to drive growth. He urged NBFCs, including microfinance institutions (MFIs) and housing finance companies (HFCs), to prioritise sustainable goals, risk management, and customer satisfaction, while maintaining a “compliance-first” culture.

by Amal Anzari
News   -   Oct 09, 2024 RBI Keeps Repo Rate Unchanged, Changes Monetary Policy Stance to Neutral
RBI Keeps Repo Rate Unchanged, Changes Monetary Policy Stance to Neutral

The Reserve Bank of India (RBI) shifts monetary policy stance to neutral. Repo rate unchanged at 6.5%, brings relief to lenders.

by Daanish Narayan
Finance, Banking & Insurance   -   Sep 30, 2024 New rules simplify foreign exchange compounding process
New rules simplify foreign exchange compounding process

In line with the Union Budget 2024-25, the Ministry of Finance has introduced the Foreign Exchange (Compounding Proceedings) Rules, 2024, replacing the previous 2000 rules. The updated regulations aim to simplify foreign investments by streamlining the compounding process, enabling faster application processing, and offering digital payment options. This revision aligns

by Amal Anzari
Finance, Banking & Insurance   -   Sep 27, 2024 Reserve Bank Opens Privatisations to Foreign Investors
Reserve Bank Opens Privatisations to Foreign Investors

The government's disinvestment plan for FY 2024-25, reportedly for $59.8 million, has a special focus on the banking sector. IDBI Bank, formerly a public-owned bank, is a significant test case for the New Public Sector Enterprises Policy, which aims to boost the private sector's capacity

by Daanish Narayan
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News   -   Jan 15, 2025 Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX
Pixxel Sends Three Hyperspectral Satellites into Orbit with SpaceX

Bengaluru-based startup Pixxel announced the launch of three of the world's highest-resolution commercial hyperspectral satellites from the Vandenberg Space Force Base in California on Wednesday. The Firefly constellation satellites were integrated via Exolaunch and launched aboard the Transporter-12 rideshare mission with SpaceX. The launch took place around 1

by PTI
News   -   Jan 15, 2025 GOP Lawmaker Warns Adani Case Could Harm US-India Relations
GOP Lawmaker Warns Adani Case Could Harm US-India Relations

A Republican lawmaker has asked the US Department of Justice to preserve all records in connection with the "selective prosecution" of billionaire industrialist Gautam Adani and his group of companies by the Biden administration. The demand comes less than a week before the Donald Trump administration takes office.

by PTI
News   -   Jan 15, 2025 Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal
Delhi Excise Case: Home Ministry Approves Prosecution of Kejriwal

The Union Home Ministry has granted sanction to the Enforcement Directorate to prosecute former Delhi chief minister and AAP national convenor Arvind Kejriwal in the excise policy linked money laundering case, officials said. The federal agency has filed a chargesheet against the 56-year-old politician before a special Prevention of Money

by PTI
News   -   Jan 15, 2025 Armed Forces' Welfare a Govt Priority, says PM Modi
Armed Forces' Welfare a Govt Priority, says PM Modi

Prime Minister Narendra Modi on Wednesday lauded the Indian Army for its determination, professionalism and dedication, and underlined his government's commitment to the welfare of armed forces and their families. In posts on X on Army Day, he said, "Today, on Army Day, we salute the unwavering

by PTI
News   -   Jan 15, 2025 Odisha Eyes Greenfield Steel Plant Deal in Keonjhar
Odisha Eyes Greenfield Steel Plant Deal in Keonjhar

Odisha Chief Minister Mohan Charan Majhi on Tuesday said he is hopeful that the MoU for establishment of a "mega" steel plant in mineral-rich Keonjhar district would be signed during a business conclave in the state on January 28-29. Majhi said he is focusing on signing of the

by PTI
News   -   Jan 15, 2025 Singapore President Arrives in Delhi for Five-Day Visit
Singapore President Arrives in Delhi for Five-Day Visit

President of Singapore Tharman Shanmugaratnam arrived here on Tuesday night on a five-day visit that aims to further boost bilateral ties in a range of areas. Shanmugaratnam, accompanied by a high-level delegation, was received at the airport by Union Minister Jitin Prasada. It is his first visit to India as

by PTI
News   -   Jan 15, 2025 Jaishankar Discusses Bilateral Progress with Spanish Leaders in Madrid
Jaishankar Discusses Bilateral Progress with Spanish Leaders in Madrid

External Affairs Minister S Jaishankar on Tuesday called on Spanish President Pedro Sanchez and reiterated the "long-standing" India-Spain partnership, updating him on the progress in bilateral cooperation. Separately, he also called on the King of Spain Felipe VI. Jaishankar arrived in Spain on Monday for a two-day official

by PTI
News   -   Jan 15, 2025 Fog Disrupts Dialy Life in the National Capital
Fog Disrupts Dialy Life in the National Capital

A thick layer of very dense fog covered New Delhi on Wednesday morning. The national capital's air quality fell into the "very poor" range. The Central Pollution Control Board reports that at 7 a.m. today, the AQI was measured at 344 in Delhi. It was

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