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RBI's hand behind today's rally in banks, other financial stocks

The Reserve Bank's December circular prohibiting regulated entities such as NBFCs from investing in AIFs having downstream investments either directly or indirectly in a debtor company of the entities had stressed investors. The rules also required entities to liquidate their investment within 30 days from the date of downstream investment or make 100% provision.

India , Bajaj-finserv , Punit-shah , Dipen-ruparelia , Bajaj-finance , Reserve-bank , Alternative-investment-funds , Dhruva-advisors , Vivriti-asset-management , Rbi , Nbfc-stocks

Kotak Mahindra Bank share price up by 1%, after Company acquires Sonata Finance

As previously communicated in February 2023 and October 2023, the Kotak Mahindra Bank had expressed its intention to acquire Sonata Finance. Now finalized, this acquisition brings Sonata's extensive microfinance network under the Kotak Mahindra Bank umbrella.

India , Zurich , Züsz , Switzerland , Kotak-mahindra , Banking-finance-company , Kotak-mahindra-bank , Mahindra-bank , India-shelter , Non-banking-finance-company , Micro-finance-institution , Reserve-bank

How to recharge FASTag via Paytm app? A step-by-step guide

Paytm introduces new FASTag recharge feature on its app to provide convenience amidst regulatory scrutiny. Users can recharge existing FASTags and purchase new ones from HDFC Bank through the app.

India , Authority-of-india , Card-machine , Bill-payment , National-highways-authority , How-to-recharge-fastag , Fastag , Paytm , Fastag-kyc , Rbi , Nhai

Five lessons for startups from Byju's & Paytm's misgovernance

The troubles at Byju’s and Paytm offer a cautionary tale for startups — they should not disregard laws and regulations in their single-minded pursuit

India , Valuation , Startup , Rbi , Paytm , Byju-x27-s , Bharatpe ,

Now Goldman Sachs too sees India's economy growing at a faster clip

Goldman Sachs is the latest to raise its GDP forecast for India, following a pattern of increasing optimism among global investment firms about the country’s growth

India , International-monetary-fund , Morgan-stanley , Goldman-sachs , Goldman-sachs-economic-research , Moody , Sachs-economic-research , Reserve-bank , Consumer-price-index-based , Gdp , Indias-economic-growth

Why RBI is wary of co-branded credit cards

RBI wants to check the unbridled growth in credit cards and prevent the backdoor entry of firms into the industry.

India , Visa , Axis-bank , Amazon-pay , Cobranded-credit-cards , Credit-cards , Rbi , Credit-card-industry , Hybrid-credit-cards , Fintechs ,

Govt updates list of banks authorised to import gold, silver during FY25

The government updated the list of banks authorized to import gold and silver for the fiscal year 2024-25. Eleven banks, including HDFC Bank and ICICI Bank, received authorization from the Reserve Bank of India (RBI) to import gold and silver from April 1, valid until March 31 next year.

India , Indian-overseas-bank , Punjab-national-bank , Union-bank , Reserve-bank , Directorate-general , Foreign-trade , Overseas-bank , Hdfc-bank , Icici-bank , Gold

RBI offices will be open on March 30 and 31. Check services that will be available

The central bank has said in order to facilitate government receipts and payments, necessary arrangements have also been made to conduct special clearing operations across the country. Special clearing will be conducted for government cheques both on March 30 and 31, 2024.

India , National-electronic-funds-transfer , Tax-department , Reserve-bank , Real-time-gross-settlement , Indian-customs , Rbi , Eserve-bank-of-india , Overnment-business , Axpayers , Eft