financial regulation

New Delhi, April 11 The government on Saturday increased the export duty, or windfall tax, on diesel to Rs 55.5 per litre and on aviation fuel ATF to Rs 42 per litre.The duty hike will be effective immediately, the finance ministry said in a notification.The government had, on March 26...

New Delhi, April 10 SP Group Chairman Shapoorji Pallonji Mistry reiterated on Friday his call for the listing of Tata Sons, arguing that it is not merely a matter of regulatory compliance but a necessary evolution in the public interest, expressing confidence in the government and the RBI to...

To combat digital fraud, the Reserve Bank of India has released a discussion paper suggesting additional measures to prevent it. The RBI has invited comments and feedback through the "Connect 2 Regulate" link on the RBI website until May 8th.According to data from the National Cyber Crime...

Mumbai, April 9 The Reserve Bank of India (RBI) on Thursday directed banks to streamline their processes for inward cross-border payments to ensure faster customer notification and timely credit to beneficiaries.The central bank has mandated banks to inform customers immediately once a payment...

Washington, April 9 – A White House economic study has found that banning interest on stablecoins would do little to increase bank lending, challenging a central argument made by traditional banks in the debate over digital assets.The analysis by the Council of Economic Advisers (CEA) shows...

Mumbai, April 8 The Reserve Bank on Wednesday decided to discontinue the Investment Fluctuation Reserve (IFR), an additional buffer that banks were required to maintain to protect against depreciation in the value of their investments, as a measure to support the capital adequacy of lenders...

Mumbai, April 8 The Reserve Bank on Wednesday decided to discontinue the Investment Fluctuation Reserve (IFR), an additional buffer that banks were required to maintain to mitigate the risk of depreciation in the value of investments, as a measure to support the capital adequacy of lenders...

Mumbai, April 6 The Reserve Bank on Monday said that the investment limit for foreign portfolio investors in government securities through the general route will remain unchanged at 6 per cent of the outstanding stock of securities for 2026-27.Also, the allocation of incremental changes in the...

Mumbai, April 6 The RBI said on Monday that it has cancelled the license of The Shirpur Merchants' Co-operative Bank because the lender does not have adequate capital and earning prospects.Consequently, the bank ceases to carry on banking business, effective April 6, 2026, the Reserve Bank...

New Delhi, April 1 Key cases listed in the Supreme Court on Wednesday:* The Supreme Court will hear petitions related to the Special Intensive Revision (SIR) of electoral rolls in West Bengal.* The Supreme Court will hear a plea to mandate the public disclosure of the ultimate beneficial...

Chandigarh, March 31 The Haryana government has revised collector rates across the state through a transparent and data-driven process that aligns with market values, an official spokesperson said on Tuesday.The revision is based on an analysis of the top 50 per cent of property registries in...

Mumbai, March 31 The supervisory data quality index score for scheduled commercial banks has improved to 90.9 in the December 2025 quarter, compared to 90.7 in the July-September period, the RBI said on Tuesday.The Reserve Bank of India (RBI) has created the supervisory data quality index...

New Delhi, March 30 The Reserve Bank should use foreign exchange reserves to stabilize the rupee, which has been affected by the ongoing crisis in the Middle East, according to a research report by SBI on Monday.The rupee breached the 95/USD mark on Monday and closed 7 paise higher at 94.78...

New Delhi, March 30 The government has appointed Aparna Sinha as an ex-officio member of the Insolvency and Bankruptcy Board of India (IBBI), according to an official notification.Sinha, who is currently serving as an Adviser (FSRL) in the Department of Economic Affairs, Ministry of Finance...

Mumbai, March 30 The reasons for his resignation were the mis-selling of AT-1 bonds, which led to criticism from regulators, and the under-performance of HDFC Bank, the country's largest private sector lender, according to former chairman Atanu Chakraborty on Monday.He said that personal...

Chandigarh, March 27 The Punjab government seized illegal tobacco products worth approximately Rs 1.5 crore during a statewide drive against tax evasion, Finance Minister Harpal Singh Cheema said on Friday.He said the tax department conducted simultaneous raids at eight locations – five...

Bhopal, March 26 – Electricity is set to become more expensive in Madhya Pradesh as the Madhya Pradesh Electricity Regulatory Commission has announced a moderate increase in electricity tariffs for the financial year 2026-27.In its tariff order issued on Thursday, the Commission approved an...

Mumbai, March 25 Sebi Chairman Tuhin Kanta Pandey on Wednesday termed fake applications as a "serious threat" and urged technology firms like Google and Meta to work with financial regulators for investor protection.Pandey said that the next surge in investor participation is upon us, and...

New Delhi, March 25 The government has appointed Kompella Venkata Ramana Murty as a full-time member of SEBI for a period of three years.With this addition, the regulatory board now has its full team of four full-time members. The other three full-time members are Amarjeet Singh, Kamlesh...

New Delhi, March 23 South Indian Bank, a private sector lender, announced on Monday that it has appointed former RBI Executive Director Jose Joseph Kattoor as its non-executive, part-time chairman.The appointment is effective from March 23, 2026, for a term of three years.The appointment...