Banks, NBFCs need to be watchful of stress building up: Shaktikanta Das ‘Banks and NBFCs must continue to do stress tests of their books,’ RBI Governor Shaktikanata Das said on Wednesday

Not much impact on margins: RBL Bank on RBI norms for unsecured loans Despite having the highest credit card portfolio in terms of retail assets at over 42 per cent, private sector lender RBL Bank does not see much impact on its margins after the RBI increased the risk weight on unsecured lending. Following a massive rise in unsecured lending ...

NBFCs likely to see assets growth moderating to 16-18% in FY24: CRISIL India’s NBFC sector is expected to record a moderate growth of 16-18 per cent in the current fiscal because of relatively slower expansion on unsecured retail loans due to the recent regulatory measures issued by the RBI, CRISIL Ratings said on Wednesday. Assets Under Management (AUM) of Non-Banking ...

Damage to EV battery, charging station while charging: Insurer launches insurance covers for this [ad_1] Zuno General Insurance (formerly Edelweiss General Insurance) has launched three new add-on insurance covers for electric vehicle (EV) insurance policies. These include insurance for private charging stations, charging accessories and also protection of vehicle during charging. Both these are claimed to be industry firsts by ...

Financial sector must avoid 'all forms of exuberance': RBI governor Banks, NBFCs would be ‘well advised to take precautionary measures in four areas, says Shaktikanta Das

10-yr period for income tax review applies to income over Rs 50 lakh: Delhi high court [ad_1] (This story originally appeared in on Nov 21, 2023) Mumbai: In a judgment that will cheer taxpayers who have been flooded with notices for past dues, the Delhi high court has held that the extended period of 10 years for re-opening of I-T ...

Private banks make largest single-day govt bond purchase in 7 years A large corporate likely bought around 50 billion rupees of the benchmark paper through a private sector bank, traders said

Retirement fund body EPFO adds 1.7 million net members in September Retirement fund body EPFO recorded a net addition of 17.21 lakh members in September, according to payroll data released on Monday. Month-on-month comparison of payroll data shows an increase of 21,475 net members over August 2023, a labour ministry statement said. Year-on-year comparison of payroll data reflects an increase ...

Uttar Pradesh government eyes 10-12% share in India's pharma sector UP has signed memorandums of understanding with more than 80 CSIR and DRDO labs for research and development on affordable drugs

Investment via participatory notes slip to Rs 1.26 trillion in Oct Investments in the Indian capital markets through participatory notes (P-notes) dropped to Rs 1.26 lakh crore in October-end after rising for seven consecutive months. The latest data includes the value of participatory note investments in Indian equity, debt, and hybrid securities. Participatory notes (P-notes) are issued by registered foreign ...