Key Points
Investment banks are under the scanner for pushing initial public offers (IPOs) past the finish line by funding mule accounts..
This scrutiny is affecting both the Reserve Bank of India (RBI) and Securities and Exchange Board of India (Sebi), both of which [are moving to secure] credibility..
A Supreme Court-appointed committee said in its report that the regulator had hit a wall in ascertaining if any of the 42 contributories in 13 offshore funds that had invested in the groups listed firms were fronts for Gautam Adani, an infrastructure tycoon..
The US Attorneys Office for the Eastern District of New York and Justice Departments fraud unit in Washington DC are probing if people or firms linked to Adani were involved in paying officials in India for favourable treatment on an energy project..
The conglomerates market capitalization has slid by $6 billion to $184 billion over two days this week. pertains to the Supreme Courts ban on an instrument of anonymous political funding introduced by the Indian government in 2018..
You might be interested in
View: Sebi & RBI's hyperactivity catches market by surprise; but it's for restoring credibility
20, Mar, 24Recent hyperactivity at Indias banking regulator and securities watchdog surprises the market. Commercial lenders are accused of concealing bad loans, while investment banks under scrutiny for pushing IPOs past the line using mule accounts. Fintech firms in Bengaluru and traditional finance industry in Mumbai are feeling the regulatory pressure.
Third collapse in a week? Big US banks rush to rescue First Republic Bank
17, Mar, 23A week after Silicon Valley Bank and Signature Bank failed, First Republic Bank is considering a sale following a dramatic 60 percent drop in its stock price over the past week. The bank also received $70 billion in emergency loans from JP Morgan Chase and the Federal Reserve.
Just the trailer.. PM Modi heaps praises on the RBI for transforming India in the last 10 years
01, Apr, 24Prime Minister Modi praised the Reserve Bank of India's pivotal role in transforming the banking sector and the economy over the past decade at the central bank's 90th anniversary event in Mumbai. He highlighted the significant progress from previous challenges, emphasizing clear policies and decisions contributing to the sector's revival.
SBI authorised to issue and encash electoral bonds through 29 branches
06, Nov, 23New Delhi [India], November 4 (ANI): The Ministry of Finance has granted authorization to the State Bank of India (SBI) for the issuance and encashment of electoral bonds through its 29 authorised branches. This authorization falls under the XXIX (29) Phase of Sale, and the activity is set to take place from November 6 to […]
Top news this week: Scrapping of electoral bonds, Paytm saga, Adani firms ratings improved and more
17, Feb, 24Big headlines of the week (11 February to 17 February): SC scraps electoral bonds, Moody's upgrades 4 Adani firms ratings, RBI extends, Paytm Payments Bank transaction curb deadline, farmers protest continues, Instacart to cut 250 jobs and more
Foreign banks in India: Mission Impossible
14, Jul, 23Foreign banks need to reinvent themselves, or else Indian Banks will catch up fast, leaving little space.
Banking system liquidity in deficit as incremental cash reserve ratio kicks in
23, Aug, 23Daily central bank data showed that the RBI injected funds worth ₹23,644.4 crore into the banking system on August 21, marking the first infusion of cash since March 27. An injection of funds by the RBI reflects deficit liquidity conditions in the banking system.
India's "activist" cenbank to temper rupee, bond gains post index inclusion -JPMorgan's Aziz
27, Sep, 23The Reserve Bank of India will likely buy dollars from the market and absorb rupee liquidity by selling bonds as flows related to India's inclusion in global bond indices begin, JPMorgan's head of emerging market economics told Reuters.
India bond yields may jump on c.bank's "Damocles sword" plan of auction sales
06, Oct, 23India's benchmark 10-year bond yield posted its biggest one-day jump in 17 months on Friday, with overall bond yields expected to rise further, on the Reserve Bank of India's plan of open market sales of bonds via auctions.
Asia’s most powerful billionaires are getting drawn into the world’s biggest election
09, May, 24Two of the planet’s richest businessmen are becoming embroiled in India’s increasingly divisive election campaign.