Loan disputes, mobile banking complaints up in FY24
Consumer complaints against banks and NBFCs rose significantly in FY23-24, largely due to issues with loans, digital banking, and deposit accounts. The RBI focused on strengthening the consumer grievance mechanism as complaints against private and public sector banks increased, while ATM/debit card complaints saw a decline.
Burman Group rejects Digvijay Gaekwad’s claims on Religare Enterprises open offer, slams his request as baseless
The Burman Group refutes US investor Digvijay L. Gaekwad’s claims of making a competing open offer for Religare Enterprises (REL), citing SEBI regulations. The Burman Group accuses REL’s leadership of misleading shareholders and is confident of concluding their own open offer.
RBI tweaks downstream investment rules, gives nod to share-swap transactions, deferred payment terms
The RBI has issued new guidelines allowing foreign-owned or controlled companies in India to buy and swap shares with local businesses, enhancing deal flexibility. This move clarifies and simplifies downstream investment procedures while restricting investments by Chinese subsidiaries in India using retained earnings.
RBI tweaks downstream investment rules, gives nod to share-swap transactions, deferred payment terms
The RBI has issued new guidelines allowing foreign-owned or controlled companies in India to buy and swap shares with local businesses, enhancing deal flexibility. This move clarifies and simplifies downstream investment procedures while restricting investments by Chinese subsidiaries in India using retained earnings.
Govt plans customised social security policy for gig workers from FY26, FM may announce plan in Budget
The Indian government may soon introduce a social security plan for gig and platform workers, with the labour ministry developing a customised policy. The scheme aims to ensure fairness without cross-subsidization, potentially starting next financial year, and will establish both mandatory and voluntary benefits tied to work thresholds.
Charts hint at bearish trend formation: Analysts
On the weekly chart, the index has formed a small bearish candle with shadows on both sides, situated near the critical support level of 23,000. This pattern indicates indecisiveness among market participants, with the 23,000 level serving as a key inflexion point.
Discretionary pickup may revive revenue growth for IT biggies
The sample’s revenue fell by 0.3% from the previous quarter to $20,207.5 million. In addition, the trailing 12-month (TTM) trend in revenue shows that after a spike between FY21 and FY22 amid the post-pandemic boom, the revenue growth for each of the five companies has fallen below the levels seen five years ago, impacted by […]
Liquidity tightness in India’s banking system: Rethinking RBI’s policy tools
The RBI faces challenges providing liquidity amidst India’s banking system issues, as traditional OMOs have limited impact due to regulatory and structural constraints. Reforms in CRR and LCR requirements could inject direct liquidity, while innovative measures like long-term repo operations and dynamic LCR adjustments might support broader credit growth and equitable economic growth.