Latest Updates Around The World
Manappuram Finance said necessary documents, including responses to clarifications sought by the Reserve Bank of India (RBI), on its application for change of control in the company in respect of the proposed investment by Bain Capital through its subsidiaries – BC Asia Investments XIV Ltd and BC Asia Investments XXV Ltd – have been submitted […]
Global private investment firm Bain Capital’s proposal to acquire a majority stake in Kerala-based gold loan financier Manappuram Finance has hit a regulatory hurdle, sources say. “The Reserve Bank of India (RBI) does not approve of one investor having a majority stake in two lenders and Bain Capital acquired a 90 per cent majority stake […]
RBI has raised objections to Bain Capital’s plan to acquire a controlling stake in Manappuram Finance because the US company has a controlling stake in another Indian lender, three people with direct knowledge of the matter said. Shares in Manappuram fell on the news, eventually cutting losses by 5%. The Reserve Bank of India (RBI) […]
The Union Budget is expected to be presented on February 1, 2026. With all attention shifting to the budget for the financial year 2026-27 (FY27), stakeholders are keeping a close eye on developments. As always, taxpayers are eager to see if there will be further income tax changes, in addition to the possibility of increasing […]
Digital banking and payments company Network People Services Technologies has partnered with ERP provider Infinity Infoway to enable identity-linked digital payments through an embedded, ERP-integrated platform. | Photo credit: PILAR OLIVARES/Reuters Network People Services Technologies, a leading digital banking and payments technology company, has entered into a strategic partnership with Infinity Infoway to enable identity-linked […]
NEW DELHI, 04/30/2025: A general view of Bank of Baroda on Parliament Street in New Delhi on Wednesday. April 30, 2025. Photo: AMAN RAJ / INTERNAL | Photo credit: AMAN RAJ Bank of Baroda (BoB) on Friday said it has received in-principle approval from the Reserve Bank of India (RBI) for its request to transfer […]
The regulator has asked a total of 23 insurers – eight life insurers and 15 non-life insurers – to explain how spending norms were breached. | Photo credit: Getty Images Many insurers are now under scrutiny by the Insurance Regulatory and Development Authority of India (IRDAI) for exceeding prescribed limits on expenses, which mainly include […]
The move reflects rising volatility in India’s bond market and highlights how the state-backed lender is preparing for interest rate swings as infrastructure lending accelerates. India’s top lender is encouraging the use of derivatives as falling interest rates squeeze margins, according to people familiar with the matter. The National Bank for the Financing of Infrastructure […]
Reserve Bank of India (RBI) Governor Sanjay Malhotra (file photo) | Photo credit: PTI/KUNAL PATIL The Reserve Bank of India (RBI) views its regulatory and supervisory role towards the regulated entities as collaborative and not adversarial, Governor Sanjay Malhotra said. Moreover, the purpose of enforcement actions is generally not punitive, but primarily intended to be […]
Kelly Ho, a certified financial planner at DLD Financial Group, says you should start by identifying your fixed costs, such as rent, mortgage, utilities or car payments, and then figure out how much you make. “When I sometimes ask clients: ‘What is your income?’ Not everyone can give me a clear answer,” she says. From […]
