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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.
The Karnataka High Court on Wednesday ordered that any resolutions, proposed to be passed in the Friday meeting called by select Byju's investors to remove its founder Byju Raveendran as CEO and appoint a new board, are invalid until the final hearing and disposition of this petition.
As Paytm Payments Bank announced to shift its nodal account to Axis Bank by opening an escrow account, speculations started on which bank or financial services major is vying to get what businesses at the Paytm subsidiary as the Reserve Bank of India's (RBI) March 15 deadline looms.
Market regulator Securities and Exchange Board of India (SEBI) has issued warning letters to four entities offering illegal investment advisory to investors.
Market regulator Securities and Exchange Board of India (SEBI) has barred Santhoshkumar Ravi (noticee) of B4Trading Tamil (B4TT) for six months for providing unregistered investment advisory services. While slapping a fine of Rs1 lakh, SEBI also asked Mr Ravi to refund Rs29.99 lakh collected as fees from clients, investors or complainants.