Banking And Finance
Banks seek RBI clarity on leveraged NRI FCNR deposit structures
Mumbai: Several lenders have sought clarity from the (RBI) on whether they can raise FCNR (B) deposits by extending loans to non-residents through their overseas branches, people familiar with the…
RBI mis-selling rules explained: Tricked into buying a financial product? Here’s how you can get your money back
The Reserve Bank of India (RBI) last week introduced new rules to prevent the mis-selling of financial products – such as insurance, mutual funds or loans – by banks and…
EPFO 3.0 explained: How the new PF withdrawal process differs from the existing one | A detailed comparison
The Employees’ Provident Fund Organisation (EPFO), under the , is set to introduce a series of member-friendly reforms aimed at making PF services faster, simpler and more convenient for subscribers.…
NHB probing Aavas Financiers over loan classification lapses
MUMBAI: The (NHB) has begun a formal probe into CVC Capital Partners-backed mortgage lender after preliminary inquiries uncovered loan classification irregularities, with multiple instances of loans categorised under ineligible refinancing…
Market
Open-market buyback set to surge as cash returns hit 3-year high
has brought back the more flexible stock exchange route for open-market buybacks by listed companies at a time when India Inc is stepping up capital returns to shareholders, with buyback…
These 20 stocks will remain in focus on Monday, June 22
Sun Pharmaceutical Industries on Saturday said it will acquire 100% of Innovcare Lifesciences in an all-cash deal valued for ₹271 crore ($28.73 million). Sun Pharma said it has signed an…
A stock trader’s guide to navigating a rare ‘Super El Niño’
As concerns over the Iran war recede, stock investors are confronting another threat: climate risk, which is prompting a reassessment of bets across sectors from agriculture to insurance. A high…
Market
Indian deep-tech to see funding surge amid sovereign push: Celesta’s Viswanathan
New Delhi: Indian deep-tech startups in space and artificial intelligence (AI), many of which have struggled to secure funding, are set to attract “hundreds of millions” in investment over the…
Tata Agratas inks $530-million EV battery supply pact with JLR
Agratas, the Tata group’s electric-vehicle battery arm, has signed a seven-year supply agreement worth $530 million (about ₹5,000 crore) with group company Jaguar Land Rover, beginning this fiscal year, according…
SBI looks to monetize home loan pools to boost credit as deposits lag
India’s largest lender, State Bank of India (SBI), is “seriously considering” securitizing part of its home loan portfolio, chairman C.S. Setty said in an interview with Mint, as the bank…
India’s premium RTD story is no longer a metro phenomenon
A bottle of premium Himalayan water in the outskirts of Patna. A Thai coconut jelly drink finding its fastest-growing market in Tier-2 and Tier-3 India. These are no longer isolated…
Axis
