RBI wanted to pull out nominees from public sector bank boards, Govt says no
The Finance Ministry is learnt to have *turned down the Reserve Bank of India’s demand for withdrawing its nominee directors* from the […]
Month: October 2018
RBI steps up scrutiny of private bank CEOs; gives only 3-year term for Sandeep Bakhshi
The RBI appears to have tweaked its norms for appointment of bank chiefs, opting to play safe given the state of the banking […]
IL&FS needs a foreign probe: Ex-MD Hari Sankaran
Hari Sankaran, the ousted vice chairman of Infrastructure Leasing and Financial Services Ltd (IL&FS), has suggested to a court that an independent foreign […]
Sebi may make it easier to start up on bourses
Mumbai: The Securities and Exchange Board of India (Sebi) is *planning to relax rules* for listing of startups in India, which include […]
RBI lays down norms for Central Counterparties
The RBI on October 15 laid down framework for Central Counterparties (CCPs) which provide guaranteed settlement services in the markets served by them and […]
Domestic payment cos say fully compliant with RBI’s data localisation norms
Digital payments platform PhonePe Monday said it has informed the Reserve Bank of India of its full compliance with the data localisation mandate […]
WhatsApp ‘not fully’ compliant for payments business
WhatsApp’s recent move to store payments data in India might not be enough for it to roll out full-scale operations on the Unified […]
Data localisation: RBI may not penalise cos for not meeting deadline, for now
India’s central bank may not immediately penalise payment companies for not meeting data localisation norms — the deadline for which expired Monday — […]
India threatens regional security: Pakistan President
Pakistan President Arif Alvi on Monday said that the *strategic stability* in South Asia is being *threatened by the offensive posture and […]
Evaluate CPEC objectively before granting bailout to Pak: China to IMF
As cash-strapped Pakistan approached the IMF for a bailout agreeing to share the details of huge Chinese loans obtained for the CPEC, a […]