The deadlock between the Reserve Bank of India (RBI) and the European Securities and Market Authority (ESMA) over the inspection of Indian financing clearing houses […]
Category: BFSI
RBI, CCIL urge Japan to drop inspection clause
The tussle between Indian financial market regulators and their peers in developed countries over ‘extra-territorial jurisdictions’ is playing out on multiple fronts, leaving a dozen […]
NARCL withdraws offer to acquire GTL
National Asset Reconstruction Company of India (NARCL), the bad bank promoted by the government, has withdrawn its offer to acquire the debt of GTL, on […]
Rajnish Khare joins Union Bank of India as Chief Digital Officer
Rajnish Khare has joined as the new Chief Digital Officer (CDO) of Union Bank of India. Khare joined the bank on November 2, 2022. A digital banking leader […]
Life insurers register 15 pc rise in new biz premium at Rs 24,916 cr in October
The new business premium income of India’s life insurance companies rose by 15.3 per cent to Rs 24,916.58 crore in October 2022, data from the […]
Motilal Oswal Alternates plans to raise Rs 2,000 crore via sixth realty fund
Motilal Oswal Alternates, the alternative investments arm of Motilal Oswal Group, is planning to raise over Rs 2,000 crore through its sixth real estate fund, […]
MFIs faced up to a 10% credit loss in FY21 and FY22 due to the pandemic
During the two years of the pandemic, microlenders experienced credit losses of up to 10%, but things are improving lately, with stressed asset levels dropping, […]
SIDBI likely to revamp microfinance equity fund scheme
The Small Industries Development Bank of India may revamp the microfinance equity fund scheme to support the small and medium sized micro lenders, which perennially […]
IRDAI in talks with govt for relaxation of Rs 100-crore entry capital for insurers: Debasish Panda
The Insurance Regulatory and Development Authority of India (IRDAI) has suggested the government to ease the minimum capital requirement of Rs 100 crore and permit […]
Motilal Oswal Alternates plans to raise Rs 2,000 crore via sixth realty fund
Motilal Oswal Alternates (MO Alternates), the alternative investments arm of Motilal Oswal Group, is planning to raise over ₹ 2,000 crore through its sixth real […]