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Kotak crackdown: The 'Regulatory Bank of India' is taking no chances

Kotak Mahindra Bank: The Reserve Bank of India (RBI) is cracking down on regulatory compliance in the banking industry, issuing strict penalties for non-compliance. Recent actions, including barring Kotak Mahindra Bank from new customer sign-ups, highlight the RBI's serious approach to enforcing regulations. The central bank's tougher stance aims to improve governance and transparency in the financial sector, despite potential impacts on growth and capital costs. The RBI's increased vigilance follows high-profile banking collapses and aims to prevent systemic risks while promoting a more robust and transparent financial system.

India , Baroda , Gujarat , Shaktikanta-das , Geeta-chugh , Rajeshwar-rao , Bajaj-finance , Kotak-mahindra-bank , Paytm-payments-bank , Department-of-supervision , Infrastructure-leasing-financial-services , Mastercard-inc

As India's smallest state votes, a broken hydro plant takes centerstage | India Election 2024

As India's smallest state votes, a broken hydro plant takes centerstage | India Election 2024
aljazeera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aljazeera.com Daily Mail and Mail on Sunday newspapers.

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SBI approaches RBI to cap NBFC lender base

SBI approaches RBI to cap NBFC lender base
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

India , Jan-dhan , Infrastructure-leasing-financial-services , Dewan-housing-finance-corp , State-bank , Reserve-bank , Infrastructure-leasing , Financial-services ,

Business News: Loan defaults: Reliance Capital headed for the insolvency courts

Business News: Loan defaults: Reliance Capital headed for the insolvency courts
rashtranews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rashtranews.com Daily Mail and Mail on Sunday newspapers.

Mumbai , Maharashtra , India , Nageswar-rao , Infrastructure-leasing-financial-services , Liquidation-proceedings-of-financial-service-providers , Dewan-housing-finance-corporation , Anil-dhirubhai-ambani-group , Facebook , Twitter , Reliance-capital , Reserve-bank

IL&FS puts over 5.4 lakh sq ft GIFT City office properties on the block, ET RealEstate

Beleaguered non-banking finance company IL&FS is selling commercial properties in GIFT TWO, Gujarat’s GIFT City, as part of its debt resolution process. The properties include offices leased to Tata Consultancy Services.

Switzerland , Mumbai , Maharashtra , India , Sabarmati , Gujarat , Swiss , Infrastructure-leasing-financial-services , Tata-consultancy-services , Sabarmati-capital-two-ltd , Il-fs-township-urban-assets-ltd

IL&FS puts over 5.4 lakh sq ft GIFT City office properties on the block

Beleaguered non-banking finance company IL&FS is selling commercial properties in GIFT TWO, Gujarats GIFT City, as part of its debt resolution process. The properties include offices leased to Tata Consultancy Services. IL&FS is reaching out to prospective investors to manage its debt obligations.

India , Switzerland , Mumbai , Maharashtra , Sabarmati , Gujarat , Swiss , Infrastructure-leasing-financial-services , Sabarmati-capital-two-ltd , Il-fs-township-urban-assets-ltd , Tata-consultancy-services

The Paytm Controversy and Fin-tech Complaints about Over-regulation

Finance minister (FM) Nirmala Sitharaman is set to meet fin-tech leaders on 26th February to ‘reassure’ them and address complaints regarding stringent supervision by the Reserve Bank of India (RBI). It will be disappointing if the FM succumbs to pressure in an election year.

India , Vijay-shekhar-sharma , Edward-kane , Andy-mukherjee , Nirmala-sitharaman , Axis-bank , Paytm-payments-bank-pvt-ltd , Paytm-bank , Infrastructure-leasing-financial-services , Bloomberg , Communications-paytm , Reserve-bank

Scams Listed in the NDA White Paper, Their Outcome and Beyond

Finance minister Nirmala Sitharaman’s ‘White Paper on the Indian Economy’ has presented a detailed analysis of the ‘policy paralysis’ and governance issues of the 2004-2014 period.

United-kingdom , Delhi , India , Malaysia , Jammu , Jammu-and-kashmir , Mumbai , Maharashtra , Brazil , Shiv , Rajasthan , Madhya-pradesh

IL&FS Subsidiary NTDACL Claims Conflict; Wants RoC Coimbatore to Stop Nominee Directors of Parent from Voting on Resolutions

The managing director (MD) of New Tirupur Area Development Corporation Ltd (NTADCL) is understood to have filed a complaint with the registrar of companies (RoC) at Coimbatore, seeking a directive to prevent nominee directors of Infrastructure Leasing & Financial Services (IL&FS) – its parent company – from voting on resolutions of NTADCL, where they have a conflict of interest.

Tirupur , Tamil-nadu , India , Cyril-amarchand-mangaldas , Infrastructure-leasing-financial-services , United-states-agency-for-international-development , National-company-law-tribunal , Tirupur-area-development-corporation-ltd , New-tirupur-area-development-corporation-ltd , Infrastructure-leasing , Financial-services , United-states-agency

Tesla's directors are right to ignore Musk's 'lifestyle' issues

Directors and investors appear to be of the view that the so-called 'key man' risk is not having Musk in charge

India , Steve-jobs , Bodhisatva-ganguli , Elon-musk , Joe-biden , National-stock-exchange , Boeing , Spacex , Infrastructure-leasing-financial-services , Wall-street-journal , Mad-men , Infrastructure-leasing