Latest Updates Around The World
In a rare fit of generosity, the Monetary Policy Committee (MPC) decided in its June meeting to lower the Repo rate with 50 basic points and to beat the Cash Reserve Ratio (CRR) for banks with 100 basic points. The CRR section will be phased out from September to November over four tranches. Both REPO […]
In an interim ex-party order, the Securities and Exchange Board of India (Sebi) has formerly Chief Executive Officer of Indusind Bank Sumant Kathpalia excluded, and four others to gain access to the securities market on alleged prior knowledge in the bank’s shares. The supervisor found that these persons were aware of the accounting discrepancies in […]
