Key Points
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.ANIReserve.
The recent hyperactivity at both Indias banking regulator and the securities watchdog has caught the market by surprise..
An Indian Supreme Court-appointed committee said in its report that the regulator had hit a wall in ascertaining if any of the 42 contributories in the 13 offshore funds that had invested in the groups listed firms were fronts for Gautam Adani, an infrastructure tycoon seen to be close to Indian Prime Minister Narendra Modi..
So imagine its horror when the State Bank of India divulged last week, under the top courts order, that the biggest chunk of funding via electoral bonds facilitated by it came from a lottery operator. gave nearly 14 billion rupees ($165 million) to political parties when its profit in the last five years was less than 4 billion rupees...
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