financial institutions

Mumbai, March 30 The Reserve Bank of India on Monday deferred the implementation of acquisition finance guidelines by another three months to July 1 this year, following feedback from stakeholders.The central bank stated that it has also revised the "Amendment Directions on Capital Market...

New Delhi, March 25 The market regulator, Sebi, on Wednesday deferred the implementation of guidelines allowing mutual funds to borrow intraday from financial institutions, including banks, to July 15.The framework was originally scheduled to come into effect on April 1."In order to address...

New Delhi, March 24 HDFC Bank has appointed external law firms to independently examine the issues highlighted in the resignation letter by Atanu Chakraborty as a proactive step to ensure an objective and fact-based assessment.The bank's spokesperson said that appointing external law firms is...

New Delhi, March 23 – The Supreme Court on Monday stressed the need for a coordinated, fair, and time-bound investigation into alleged large-scale bank fraud linked to Anil Ambani’s Reliance Communications (RCom) and its group entities.A bench, headed by Chief Justice of India (CJI) Surya...

New Delhi, March 21 The CBI on Saturday questioned two former group managing directors of Reliance ADA Group in connection with an alleged bank fraud of Rs 2,929.05 crore involving Reliance Communications Ltd and Anil Ambani, officials said.In a separate case, the agency questioned Sanjay...

Mumbai, March 20 The government on Friday approved a limited-period Rs 20,000-crore credit guarantee scheme to aid microfinance institutions (MFIs), which have been complaining about difficulties in accessing funds.The Credit Guarantee Scheme for Microfinance Institutions- 2.0 (CGSMFI-2.0)...

JAMMU, MARCH 18: Commissioner Secretary, Cooperatives, Yasha Mudgal, chaired a meeting at the Civil Secretariat to review the operational status and liquidation roadmap of the Jammu & Kashmir State Cooperative Agriculture and Rural Development Bank (J&KSCARD Bank).Officials, including...

New Delhi, March 19 In a sudden move, Atanu Chakraborty resigned as chairman of the country's second-largest lender, HDFC Bank, citing ethical concerns.This is the first time that the part-time chairman of HDFC Bank has resigned mid-way, raising concerns about its functioning."Certain events...

Mumbai, March 18 Former Reserve Bank Deputy Governor M Rajeshwar Rao on Wednesday called for a "re-evaluation" of the criteria for investors.Rao, who retired in September last year, said that a growing economy aspiring to accelerate economic growth will need strong financial institutions to...

Imphal, March 18 Manipur Chief Minister N Biren Singh on Wednesday urged the banking sector and development institutions to work together with renewed commitment to build a prosperous, resilient, and self-reliant state.Speaking at the launch of the 'State Focus Paper 2026-27', he said, "Our...

New Delhi, March 14 The CBI questioned Jai Anmol Ambani, the son of Anil Ambani, for nearly five hours on Saturday for the second consecutive day in connection with an alleged fraud involving Union Bank of India, officials said.Jai Anmol Ambani, the former director of Reliance Home Finance...

New Delhi, March 13 The strategic sale of IDBI Bank is likely to have been scrapped as the financial bids submitted by potential buyers were below the reserve price, sources said on Friday.The government and LIC were jointly looking to sell 60.72 per cent in IDBI Bank and had floated an...

New Delhi, March 11 The Supreme Court on Wednesday criticized the CBI for its investigation into the alleged "unholy nexus" between banks and developers to defraud homebuyers in Delhi-NCR and other parts of the country, stating that prolonging the investigation would only cause more distress to...

Panaji, March 7 In a major boost to Goa's economy, the state government has received ₹252.83 crore in upfront payments from the auction of 12 iron ore blocks, Chief Minister Pramod Sawant has said.Sawant, while presenting the state budget for 2026-27, said that five of the auctioned blocks at...

RAJOURI, March 6: A one-day training and orientation program for YUVA Doots and Motivators was organized under Mission YUVA at the Dr. Raj Kumar Thapa Memorial Conference Hall to strengthen youth-focused initiatives at the grassroots level.YUVA Doots from different blocks of the district and...

Hamirpur (HP), March 6 BJP MP Anurag Thakur on Friday expressed concern over the low credit-deposit (CD) ratio in Hamirpur district and urged bankers to improve this ratio to help residents become more financially independent.Participating in the District Level Review Committee (DLRC) and...

New Delhi, March 6 IL&FS Mutual Fund (Infrastructure Debt Fund) announced on Friday that it has committed ₹125 crore to Hero Solar Energy, a part of the Hero Future Energies platform, to refinance debt and support the expansion of its renewable energy projects.Hero Solar Energy will issue...

Washington, March 6: Artificial intelligence and deepfake technology are accelerating financial scams in the United States, lawmakers were told, as banks and credit unions warned that criminals are using increasingly sophisticated tools to impersonate victims, manipulate consumers, and steal...

JAMMU, FEBRUARY 27: The Indian Institute of Management Jammu inaugurated the 3rd International Finance and Accounting Conference (IFAC 2026) on the theme “Financial Strategies for Inclusive and Sustainable Economic Growth to achieve Viksit Bharat@2047.”The two-day conference was inaugurated by...

Bengaluru, February 27 NABARD projected a priority sector credit potential of ₹4.99 lakh crore for Karnataka for the financial year 2026-27, registering a 12 per cent increase over the projections made for the previous fiscal.Releasing its "State Focus Paper for FY 2026-27" at the State Credit...