SBI and ICICI bank get permanent seat at the joint lenders forum for distressed assets.
September 27, 2015Plan to implement a mechanism for prompt and proper disclosures of changes to credit ratings of listed firms, in a bid to safeguard investor interests.
September 23, 2015India’s government and various regulators are consulting the public on newly proposed recommendations by a high-level government committee to curb misselling of financial products.
September 22, 2015Lenders will no longer need prior approval to make equity investments if they have a capital risk-weighted asset ratio exceeding 10 percent and have made a profit in the previous financial year.
September 20, 2015The Reserve Bank of India is planning to restrict the numbers of members in the Joint Lenders’ Forum in a bid to ease the difficulties banks often face in resolving distressed assets.
September 19, 2015The Securities and Exchange Board of India has asked fund managers to explain their rationale for corporate bond investments and closely monitor recently-downgraded companies they hold.
September 18, 2015Government’s decision to waive the controversial minimum alternate tax on capital gains made by foreign investors retrospectively welcomed by cross-section of industry.
September 9, 2015The Bombay Stock Exchange has launched a roll-over facility for securities lending and borrowing in a bid to increase participation in the currently very shallow SLB market.
September 9, 2015The Securities and Exchange Board of India will soon have to put in place a framework for the listing of stock exchanges.
September 7, 2015The Reserve Bank of India (RBI) has issued for consultation draft guidelines for banks to adopt the marginal cost of funds methodology for base rate calculations.
September 5, 2015