Sebi today barred stock brokers from directly accepting cash from their clients as it looks to promote digital payments. Besides, stock brokers are not permitted to receive cash deposits in their bank accounts from clients.
Airtel Payments Bank today said it has received requisite approvals from the Reserve Bank to begin taking new customers.
RBI said it will continue with the three-day meeting format of the Monetary Policy Committee (MPC) which decides on the key interest rate.
Indian inflation likely rose to a near two-year high in June, driven by surging oil and food prices, a Reuters poll showed, a development that would strengthen calls for more monetary policy tightening by the Reserve Bank of India.
Shares of Yes Bank rose by 4 percent after the company received approval from capital markets regulator Sebi to start mutual fund business.
Government bonds declined on selling pressure from banks and corporates and the overnight call money rates also finished lower due to lack of demand from borrowing banks amid comfortable liquidity in the banking sytem.
India’s central bank tightened rules on banks’ statutory auditors saying it reserved the right to not approve appointments of such auditors for a specified period if their audit quality was not found satisfactory.
SBI has refused to disclose details of buyers of electoral bonds, political parties which have redeemed these and the bank's reports sent to the government on their sales, calling it a personal information held by it in fiduciary capacity exempted from disclosure.
Rupee slipped to its weakest in more than 18 months, hit by higher oil prices and trade war concerns that could spark another bout of capital outflows.
NDTV opened on a positive note at Rs 36, then soared further to Rs 39, up 20 per cent from its previous closing price on BSE.
ICICI Lombard sells 17.7 Lk shares or 0.84% equity at Rs 270/sh
In pact with Reliance Nippon to sell Mutual Fund products
Nextgen Vakrangee Kendras to offer mutual fund distribution on pan India basis
Plans to sell part of se Asia biz as part of strategy to exit non scalable biz
To sell Singapore & Thailand units valuing them at $ 500Mn
Singapore & Thailand biz contributes 16% to revenues & 2% to EBITDA
To turn focus to domestic market
Avendus cap-KKR emerge as frontrunner to acquire IDFC MF
Offer of Rs 3,000-4,000 Cr made by FIN services firm