Guidelines Financial News

outflow rates on retail deposits in preparation for the upcoming revisions to the liquidity coverage ratio (LCR) rules, which require them to purchase more high-quality liquid assets. The banking regulator is set to issue revised LCR rules to mitigate the risk emanating from mass withdrawals of deposits-an event that triggered the collapse of Silicon Valley Bank in the US. Although the Reserve Bank of India has not yet issued the final guidelines for the revised LCR regulations, banks said that they are likely to be effective April 1 next year. Axis Bank, which declared its second-quarter results last week, said its average LCR has fallen because it applied a higher outflow rate than that prescribed by the RBI. Its LCR was 115%, down 5 percentage points over the June quarter.

finance ministry is considering a proposal to raise the posts of Chief General Managers in public sector banks in view of their increasing business and profitability. As per existing government guidelines, there can be one Chief General Manager (CGM) for four General Managers in a public sector bank (PSB). These guidelines were issued in 2019 and since then there has been marked improvement in performance of PSBs despite the pandemic, sources said. Business of PSBs have witnessed significant growth and consequently they booked record profit, sources said, adding the Department of Financial Services under the Finance Ministry is reviewing CGM positions for achieving the next level of growth by PSBs.

Subscribe to enjoy similar stories. New Delhi: The department of consumer affairs (DoCA) has decided to withdraw from framing guidelines for e-gaming and cancelled a planned study for protecting the growing number of online gamers, two people aware of the developmen said, after draft rules were issued by the ministry of electronics and information technology (MeitY). Bengaluru’s National Institute of Mental Health and Neurosciences (Nimhans) was to conduct the study on “disruptive impulse control behavioural patterns of online gaming that may cause vulnerabilities," with the plan to notify new rules after the completion of the detailed pan-India study.

Centre has amended the guidelines for disposal of the enemy property worth below Rs 1 crore located in rural areas and such property valued below Rs 5 crore in urban areas. Assets left behind by people who have taken citizenship of Pakistan and China — mostly between 1947 and 1962 — are called enemy property. In a notification, the Union Home Ministry said while disposing of the enemy property valued below Rs 1 crore in a rural area and valued below Rs 5 crore in an urban area, the custodian shall offer of purchase to the occupant first and if the occupant refuses the offer of purchase, then the enemy property shall be disposed of in accordance with already laid down norms i.e. by inviting tender or by holding public action. The home ministry also clarified that the 'rural area' means any area in a state except those areas covered by any urban local body or a Cantonment Board. Similarly, an 'urban area' means any area within the limits of a municipal corporation or municipality, or the central government may, having regard to the population, concentration of industries, need for proper planning of the area and other relevant factors, by general or special order, declare to be an urban area.

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Karti Chidambaram and others in connection with alleged bribery in facilitating visas of Chinese nationals for a power company in 2011 when his father P Chidambaram was the Union home minister, officials said on Thursday. In its charge sheet submitted before a special court here, the CBI has named Karti Chidambaram, the Lok Sabha MP from Sivaganga, his alleged close associate S Bhaskararaman, company Talawandi Sabo Power Ltd (TSPL), a subsidiary of Vedanta and Mumbai-based Bell Tools, through which bribes were allegedly routed, they said. The agency has invoked charges of criminal conspiracy, cheating, and forgery under the Indian Penal Code and provisions of the Prevention of Corruption Act, they said. Other charge-sheeted accused include Viral Mehta, Anup Agarwal, Mansoor Siddiqui and Chetan Shrivastava, they said.

Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...

Uttarakhand government Wednesday issued detailed guidelines for preventing instances of people spitting in food, announcing a fine of upto Rs 1 lakh, mandating police verification of hotel and 'dhaba' staff and installation of CCTV cameras in their kitchens. The state police and the health department issued separate guidelines days after Chief Minister Pushkar Singh Dhami termed such incidents «thook (spit) jihad», and said stern action will be taken against the offenders. Two men were recently arrested in Mussoorrie for allegedly spitting into fruit juice glasses before serving them to tourists. A video from Dehradun had also gone viral in which a cook could be seen allegedly spitting while making dough for rotis. Health Minister Dhan Singh Rawat said safety and purity of food is top priority of his government during the upcoming festival season. Any kind of impurity or anti-social activities will not be tolerated during the festivals, Rawat said.

Subscribe to enjoy similar stories. MUMBAI : Faircent, Monexo, Rang De, Finzy, Lendbox (Transactree Technologies Pvt. Ltd) and Financepeer are the six new peer-to-peer (P2P) lending platforms that have received show-cause notices from the Reserve Bank of India (RBI), according to a person aware of the development and a right-to-information (RTI) query.

PSLV-37 rocket, which launched 104 satellites seven years ago, has re-entered the earth's atmosphere, according to the Indian Space Research Organisation (ISRO). The PSLV-C37 mission was launched on February 15, 2017, with Cartosat-2D as the main payload and 103 co-passenger satellites.

Gabbarment aa jayega. Well, Gabbarment of India is already making rounds around households that watch streaming films and shows, reportedly planning to bring in 'guidelines' (sic) that will 'beep out profanity and blur explicit scenes'. One presumes this mai-baap plan is to ensure that the child-like people of Ramgarh that is India are not exposed to gaali or steamy content. If true, this colonial mindset that would have been thoroughly approved by Victorian Britons of a certain hypocritical class. The belief (read: phobia) that adult Indians are indistinguishable from children who need to be protected from profanities and smut is as old as the ****ing hills.

Reserve Bank of India said on Friday group entities of banks shall not be used to circumvent guidelines applicable to the parent for carrying on business activities that are not otherwise permitted. RBI reviewed the current guidelines in public interest, in order to ring-fence the banks' core business from other risk-bearing non-core businesses and to provide level-playing field to all the banks, according to a draft circular. Indian laws permit banks to undertake various forms of businesses, in addition to the core business of banking.

The Toronto Regional Real Estate Board (TRREB) reported a 4.58 per cent year-over-year decline in its benchmark home price for September, bringing it down to $1,068,700. Home sales for the month rose by 8.5 per cent, with 4,996 transactions compared to 4,606 in September of last year.

Canada’s top banking regulator says the risks linked to artificial intelligence as well as cybercrimes, third-party service providers and the complex methods used by financial criminals to launder money and commit fraud have intensified.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Subscribe to enjoy similar stories. New Delhi: India's apex consumer protection body has pulled up leading foreign and Indian liquor makers over so-called surrogate advertisements, in which liquor brands piggyback non-alcohol products.

Maine environmental officials say all water samples analyzed so far after the state’s largest recorded accidental spill of firefighting foam are below its guidelines for potentially dangerous chemicals

tariff fixation for existing private terminal operators at ports administered by the central government, officials said. The move is aimed at giving flexibility to private operators in deciding tariffs. As per the tariff migration guidelines being firmed up, all public-private partnership (PPP) concessionaires will be allowed to frame their own Scale of Rates (SoR) and shift to market-based tariffs, a government official told ET. «This will usher in a level playing field among public-private partnership terminal operators that have been adhering to multiple tariff regimes,» the official said.

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Election Commission suspended 23 government officials and seized a total of Rs 130 crores through enforcement agencies in violation of the Model Code of Conduct (MCC) guidelines during the Jammu-Kashmir assembly polls. As per the state election commission office, 20 employees had also been transferred from their incumbent offices to offices in other tehsils and districts against whom complaints were registered for acting in favour of a political party. Besides these, the commission had also disengaged six contractual and ad hoc employees for the violation of MCC guidelines.