Indian diamond billionaire Nirav Modi has been a key suspect in the $2bn fraud at Punjab National Bank, which was first reported three years ago.
Chairman Ajay Tyagi said SEBI will issue new guidelines “soon”, with a view to achieving greater transparency and accountability from listed companies on ESG.
The RBI says FPIs will be exempt from the residual maturity requirement, investment limit and investor limit when investing in defaulted corporate bonds.
Since 2012, payments for tax, pensions and other government business have largely been channelled through public sector banks.
Exposures to foreign sovereigns or their central banks that are subject to a zero percent risk weight will be exempted from the large exposures framework.
NSE had attributed the trading halt to issues with their links to two telecom service providers. An interim report is expected within 24 hours.
Non-deposit taking HFCs with an asset size of INR 50 billion and above, and all deposit taking HFCs, will have to achieve a 100% LCR by December 2025.
DBS said the local government and the RBI, who drafted and approved the takeover proposal, would be primary respondents in the lawsuits.
The RBI has set out new prescriptive guidelines on the security protocols that need to be adopted in digital payment applications.
SEBI has relaxed its minimum public offer requirements just days after revealing a number of new initiatives in its annual report.
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