Digital payments grew 30.2% in FY21, says RBI
New Delhi: Digital payments have recorded a growth of 30.19 per cent during the year ended March 2021, reflecting adoption and deepening of cashless...
SBI’s Mudra loan NPAs jump to 23% despite Covid restructuring package, collateral-free guarantee
New Delhi: The country's largest state-owned lender State Bank of India (SBI) has seen a huge spurt in non-performing loans (NPAs) at 23 per...
Sebi Exploring Possibility To Allow Special Purpose Acquisition Companies In India
New Delhi: Possibilities of allowing special purpose acquisition companies (SPACs) to function in the country are being studied, Securities and Exchange Board of India...
Six more firms get SEBI’s nod to float IPO
New Delhi: As many as six companies including Aptus Value Housing Finance, CarTrade Tech, and Supriya Lifescience have received capital markets regulator Sebi's go-ahead...
Govt introduces bill to amend insolvency law in LS
New Delhi: Corporate Affairs Minister Nirmala Sitharaman on Monday introduced a bill in the Lok Sabha to replace an ordinance that amended the insolvency...
Rs 5.5 lakh cr of bad debt recovered through reforms such as IBC: Govt
New Delhi: Steps taken by the government such as enacting the Insolvency & Bankruptcy Code (IBC) have helped banks recover around Rs 5.5 lakh...
FinMin moves file for extension of 3 MDs, 10 EDs of govt-owned banks
New Delhi: The finance ministry has moved a file for the extension of tenure of three public sector banks' managing directors, including Punjab National...
Salary, pension and EMI payment rules to change from August
New Delhi: People will no longer have to wait for a working day for their salary to be credited into their accounts. From August...
RBI eases loan restrictions for bank directors, relatives
New Delhi: The Reserve Bank of India (RBI) has relaxed regulatory restrictions on loans and advances to bank directors and their relatives, six years...
Sebi consent not mandatory for compounding of offences under section 24A of Act: SC
New Delhi: The Supreme Court Friday held that the consent of the market regulator Sebi is not mandatory for the compounding of offences under...