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Kotak Mahindra case: Indian banks caught between growth targets and an unforgiving regulator

Kotak Mahindra Bank is in the latest in the line of entities in financial services which has been pulled up for various lapses. Hints are that more could be penalised for dropping the ball - particularly if they had chosen to disregard warnings and red flags.
Kotak Mahindra Bank Kotak Bank Reserve Bank Mint Street Kotak Mahindra Kotak Mahindra Bank Penalty

Killing a market, softly: How an RBI communique could end India's thriving ETCD market

RBI faces queries on Indias ETCD market impact after Dubais rupee-dollar futures launch. Markets growth raised liquidity, regulatory concerns. RBI emphasizes ETCDs are for hedging, not speculation, potentially reshaping market dynamics.
New Delhi United Arab Emirates Shaktikanta Das Harshad Mehta Foreign Exchange Management Act Fema Foreign Exchange Management Act

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Wholesale prices accelerate to 9-month high at 0.73% in December

Indias wholesale inflation increased to 0.73% in December, as per government data. The number rebounded in November after staying negative for seven months. Inflation for primary articles increased to 5.78%. Fuel and power and manufacturing sector contracted to -2.41% and -0.71% respectively.
New Delhi Shaktikanta Das Monetary Policy Committee Reserve Bank Mint Street December Wpi

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