Page 22 - Ortfolio Allocation News Today

Reserve Bank of India (RBI) has imposed a penalty of Rs1.13 crore on four cooperative banks, including Bombay Mercantile Cooperative Bank Ltd, for non-compliance with the directions issued by the banking regulator. The highest penalty of Rs63.30 lakh has been imposed on Bombay Mercantile Cooperative Bank.

Rashi Peripheral is engaged in two business verticals -- personal computing, enterprise, cloud solutions (PES) and lifestyle and IT essentials (LIT).

Senior RBI officials on Thursday said that barring Paytm Payments Banks from accepting deposits was part of “a supervisory action and the restrictions are proportionate to the gravity of the situation.”

America’s publicly traded companies are flashing a key sign of economic uncertainty -- they’ve been hoarding cash, a media report said.

As predicted by economists, the monetary policy committee (MPC) of Reserve Bank of India (RBI) kept the repo rate unchanged at 6.50% during its February bi-monthly meeting. The marginal standing facility (MSF) rate and the bank rate will be steady at to 6.75%. RBI’s policy stance continues to be ‘withdrawal of accommodation’, with five out of six MPC members voting in its favour, governor Shaktikanta Das says. More Details Soon...

The RBI on Thursday announced that it is mandatory for regulated entities such as NBFCs to provide ‘Key Fact Statement’ (KFS) in a simple format to borrowers for all retail and MSME loans.

Online food delivery platform Swiggy said on Thursday that Mallika Srinivasan has stepped down from the companys Board as an Independent Director a year after joining.

While urging the Union government not to notify the fact-check unit (FCU) till the third judge decides the issue of amendment in information technology (IT) rules, justice Gautam Patel from Bombay high court (HC) remarked that

An associate member has similar rights in a cooperative housing society (CHS/Society) as the original member, but there are a few exceptions, and written consent of the original member may be required for certain actions. Essentially, an associate member is a person duly admitted to membership of the Society on written recommendation of the original member to exercise their rights and duties with prior consent.

On Thursday, 1636 stocks advanced, 2,204 declined, and 105 remained unchanged on BSE with an advance decline ratio of 0.74, indicating a negative closing of stocks in broader markets.