Guidelines Financial News

MUMBAI : IndusInd International Holdings Ltd (IIHL), promoter of IndusInd Bank, said it is likely to receive the Reserve Bank of India's final approval to increase its stake in the private-sector lender over the next two weeks. Ashok Hinduja, chairman, IIHL, said that the promoter will not look at raising its stake from the existing 16.4% to 26% immediately in one go, as it would involve infusing capital worth $1 billion. "15% to 26% stake increase, there is a policy of the regulator (RBI).

NTA sets to ensure a fair and secure examination process. Do Prepare Your Documents: Ensure you have your NEET admit card, a valid photo ID (like Aadhar, Passport, or Voter ID), and any other documents required by the examination authorities. Do Plan Your Journey: Know the location of your exam centre and plan your travel in advance.

Reserve Bank of India (RBI) has proposed to overhaul rules governing project lending to enable the flow of funds to infrastructure and, at the same time, ensure that the risk metrics are under control. It has stipulated minimum exposure of banks in consortium lending and prescribed norms to defile credit events. The regulator issued draft guidelines pertaining to the prudential framework for financing projects in the infrastructure, non-infrastructure and commercial real estate sectors. It said the guidelines lay down the regulatory dispensations regarding the date of commencement of commercial operations (DCCO) of such projects.

WhatsApp's Terms of Service via their prevention and detection systems, and directives issued by the Grievance Appellate Committee (GAC). As per WhatsApp, the bans were implemented in line with Rule 4(1)(d) and Rule 3A(7) of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. The monthly report from WhatsApp for January, February, and March 2024 indicated a steady increase in the number of banned accounts during the first quarter.

₹7,400.00 apiece on the BSE. Meanwhile, Bajaj Finserv shares also surged more than 6%.

green cells' with dedicated employees for climate-specific initiatives. These measures are part of the Enhanced Access and Service Excellence (EASE) reform version 7.0, which was rolled out last week. A senior bank executive said that one of the major focus areas of PSBs in FY25 will be developing capabilities for raising green funds and increasing their green lending portfolios. «Banks will set up specialised cells that will also focus on physical and transition risk in the existing loan portfolio and new loan opportunities,» he said, adding that other responsibilities include assessment of the environmental, social and governance (ESG)-related risks of borrowers through data. According to a report by the Reserve Bank of India, the country's green financing requirement is estimated to be at least 2.5% of GDP annually until 2030. Earlier this year, the banking regulator came out with draft guidelines on the disclosure framework for climate-related financial risks in 2024. The draft also proposes a glide path for detailed disclosures by regulated entities (REs) in the areas of governance, strategy, risk management, and metrics and targets.

regulatory regime, a government-appointed three-member panel is mulling the idea of making commonly used cough and cold medicines, antacids, and fever-reducing drugs available 'over the counter' (OTC) at general stores. Many countries, such as Britain, the US and Australia, have well-defined guidelines for their sale and regulation. In 2022, India allowed the sale of certain drugs without a prescription as part of a new OTC drug policy. Though the Drugs Technical Advisory Board, the top advisory board on drugs, approved the policy, it never saw the light of the day.

Bajaj Finance to resume sanctioning and disbursal of new loans under its two lending products – eCOM and Insta EMI Card. The development came mere days after the company indicated its compliance and formally sought a review from the RBI. “We wish to inform that the RBI, vide its letter dated 2 May 2024, based on the remedial actions taken by the Company, has conveyed its decision of lifting the said restrictions on eCOM and online digital ‘Insta EMI Card’, with immediate effect," Bajaj Finance said in a regulatory filing on Thursday.

Sebi), has announced to grant an exemption (not an extension!) from nominating a nominee to the jointly-held mutual fund folios. This means that investors who hold joint mutual fund accounts do not need to nominate a nominee to prevent their accounts from being frozen after June 30, 2024. The requirement of providing nomination is prescribed in the master circular released on May 19 last year, which states that investors should either nominate a nominee, or opt out of the nomination process.

The UK’s financial watchdog dedicated nearly a third (30%) of its financial crime specialists to overseeing crypto asset businesses in 2023, according to a report released on May 1.

If you are a loan borrower, the RBI’s latest revelations on banks’ loan activities might concern you! The apex bank has observed that banks have not been fair and transparent when it comes to handling of loan disbursement and repayment.

Mint takes a closer look at the importance of good governance practices at startups. Over the past few years, mainly after the pandemic, the startup world has been rocked by several scandals, many of which involved inappropriate behaviour by founders. Given that India has the world’s third-largest startup ecosystem with more than 1.10 lakh such companies, without proper regulation there could be many more such scandals in future.

LONDON—Help wanted: Someone to oversee $3 trillion in assets and 221,000 workers. Must be worldly, willing to travel constantly, knowledgeable about Chinese politics and able to deal with a demanding boss. Salary: Half of what you would make in the U.S.

The Biden administration is out with new guidelines for tax credits for producers of sustainable aviation fuel

Federal prosecutors had been seeking three years, double the sentencing guidelines, while Zhao's lawyers had argued for probation.Zhao pleaded guilty in November as part of deal between Binance and the Department of Justice, Treasury Department and CFTC to settle allegations that the exchange failed to maintain a proper anti-money laundering programme, operated an unlicensed money-transmitting business and violated sanctions law.The world's largest crypto exchange agreed to forfeit $2.5 billion to the government and pay a fine of $1.8 billion.Meanwhile, Zhao pleaded guilty to violating the Bank Secrecy Act and causing a financial institution to violate the same act.

Embraer’s EMB-203 Ipanema aircraft is undergoing testing to evaluate a new method for applying bio-control agents on farms in Brazil. Led by Koppert, a prominent company specializing in agricultural biological systems, this initiative aims to enhance sustainability in national farming practices.

The Reserve Bank has found some lenders indulged in ‘unfair practices’ with regard to disbursement and repayment of loans. The apex bank has warned regulated entities (REs) against charging of interest from the date of loan sanction and not from the actual disbursement date, according to an RBI circular issued on April 29.

Securities and Exchange Board of India (SEBI) guidelines for Small and Medium REITs (SM-REITs) is expected to list over Rs 4,000 crore worth of existing fractional assets under management owned by multiple platforms over the next 2-3 years. SEBI has recently issued guidelines for Small and Medium Real Estate Investment Trusts (REITs), which are expected to facilitate the listing of a significant number of previously unregistered fraction ownership platforma (FOPs) like Strata, hBits PropertyShare, Assetmonk, Alyf, YOURS and WiseX dealing in real estate assets. The move is aimed at promoting transparency and accountability in the real estate sector, and is likely to provide a boost to the Indian REIT market. “SM REITs will not only foster retail investors’ interest in the real estate sector but will ensure investment portfolio diversification in a regulated environment.

Delhi airport aims to install the full body scanner by the second half of this fiscal, while the Bengaluru airport is undertaking trials, two people aware of the development told Mint. The installation is likely in 2-3 months, they added. "The work is in progress, in accordance with the latest guidelines issued by the Bureau Of Civil Aviation Security (BCAS).

Dematerialisation is the process by which a trader or investor converts physical share certificates into electronic shares. Physical shares can be dematerialised if they have the company's name and face value on them. To verify the physical share certificate, visit bseindia.com and enter the company name or ISIN.

The  Securities and Exchange Commission (SEC)  of Thailand  is taking measures to protect crypto investors from misleading advertisements.