RBI revises OTS guidelines, brings UCBs under ambit
The Reserve Bank of India (RBI) has implemented new regulations governing one-time settlements (OTS), simplifying instructions across all regulated entities. Under the guidelines, the RBI calls for regulated entities to establish board-approved policies to set out the procedure, precedent and a graded framework for staff accountability. The authority responsible for settling must be at least […]
Urban Coop Banks given time until FY26 to meet PSL norms
The Reserve Bank of India (RBI) has given Indian urban cooperative banks more regulatory flexibility by extending the meeting deadline for their priority sector lending targets and providing rewards for those that already meet them. RBI has decided to expand the scope of the framework for resolution of stressed assets so that compromise settlements and […]
S&P 500’s tech-heavy top is a feature, not a bug
One reason investors buy the broad market is to diversify the risk of owning too few stocks. But with five of them dominating the S&P 500, some investors may be wondering if buying a broad market index is too dicey
Banks, rate-sensitive sector shares decline
The Bank Nifty snapped its four-day winning streak to slip below 44,000. The gauge of top banking stocks settled at 43,995.25, down 277.05 points or 0.63% from the previous close.
Ikio Lighting IPO subscribed 66 times
The portion reserved for qualified institutional investors was subscribed 164 times, while the portion for non-institutional investors, or high-net-worth individuals, was subscribed 63 times. The retail portion was subscribed 14 times.