Sebi, in a consultation paper issued on Thursday, proposed to introduce an enabling framework to address the issue of lock-in of pledged shares held by persons other than the promoters.
The sudden withdrawal of notes roiled the economy with demand falling, businesses facing a crisis and gross domestic product (GDP) growth declining nearly 1.5 per cent.
The bank’s gross non-performing assets (NPAs) improved by 40 bps to 1.73 per cent from 2.13 per cent. Net NPA stood at 0.42 per cent from 0.53 per cent.
The government had rationalised GST with effect from September 22. It abolished multiple GST rates of 5 per cent, 12 per cent, 18 per cent and 28 per cent, and introduced a two-slab structure of 5 per cent and 18 per cent
The relaxation in IPO financing comes at a crucial juncture, with a slew of companies preparing to tap the market for fresh capital. Investor appetite for new issues has remained buoyant, driven by robust listing gains in recent months.
The platform will facilitate the real-time settlement of dollar-denominated trades in the GIFT City. Currently, settlement of US dollar-denominated trades takes a few hours.
In the open house, to be held between 10-10:30 am on all working days, employees can interact with the Governor without any prior appointment, according to an internal circular issued to the staff.
The new requirements for FAT pose significant hurdles for staffing companies managing large, dynamic workforces, the ISF said in a letter to the EPFO chief
“Major economies showed signs of slowing down, with global GDP growth at 3.3 per cent for year 2024. The geopolitical tensions in several parts of the world continue to affect global supply chains and commodity prices,” Chakraborty said.
Data provided by the finance ministry to the Rajya Sabha in July showed that the number of employees at PSBs had declined by 4% in the last five years: from 7.9 lakh in 2020-21 to 7.58 lakh in 2024-25
These trends signal both short-term and long-term stress in the unsecured credit market, especially as consumers lean heavily on plastic for everyday and discretionary spending.
The savings deposit rates of some PSBs are prevailing at a historical low, since their deregulation in 2011, the ‘State of Economy’ article published in the RBI’s July bulletin said.
PSB Loan Write Off India: Public sector banks (PSBs) have written off loans worth Rs 12.08 lakh crore since FY16. In a written reply to Rajya Sabha on July 22, MoS for Finance Pankaj Chaudhary said that such write-off does not result in waiver of liabilities of borrowers and therefore, it does not benefit the borrower.
The RBI said its supervisory reviews have indicated divergent practices amongst regulated entities with regard to levy of pre-payment charges in case of loans sanctioned to MSEs which lead to customer grievances and disputes.
What Trump achieved and failed to achieve in the Iran war
World4 min ago
More than three months after the United States and Israel launched military operations against Iran, US President Donald Trump can point to some significant military gains. However, several of the broader objectives he articulated at different stages of the conflict remain either incomplete or unmet, according to a Reuters analysis.
