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Top retail chains plan aggressive expansion despite raging COVID-19

Last month, Tata Starbucks said it opened 40 stores in seven new cities, its fastest expansion. ABFRL plans to add 300-400 stores, Trent may open 25 Westside stores and almost 70 Zudio stores while V-Mart may add about 50 stores this year. ....

Reliance Retail , Aditya Birla Fashion , Sav Mart , Tata Starbucks , Retail Expansion , Icici Securities , Corona Virus , நம்பகத்தன்மை சில்லறை , வ் மார்ட் , டாடா ஸ்டார்பக்ஸ் , சில்லறை விரிவாக்கம் , இஸிசீ பத்திரங்கள் , கொரோனா வைரஸ் ,

RBI names six member committee to review ARC norms

RBI names six member committee to review ARC norms
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The committee will review legal and regulatory framework of ARCs and recommend measures to improve their efficacy and also their role in resolution of stressed assets including under Insolvency & Bankruptcy Code (IBC).
The committee has to submit its report within three months from the date of its first meeting. RBI had announced a review of ARC regulations in its April monetary policy review.
Reserve Bank of India (RBI) has named a six member committee under the chairmanship of Sudarshan Sen former RBI executive director to review regulations on asset reconstruction companies (ARCs). ....

Abizer Diwanji , Rohit Prasad , Sudarshan Sen , Vishakha Mulye , Reserve Bank , Bankruptcy Code , Reserve Bank Of India , Insolvency Amp Bankruptcy Code , Regulatory Framework , ஆபிஸிர் திவான்ஜி , ரோஹித் பிரசாத் , சுதர்ஷன் சென் , இருப்பு வங்கி , திவால்நிலை குறியீடு , இருப்பு வங்கி ஆஃப் இந்தியா , நொடித்துப்போனது ஆம்ப் திவால்நிலை குறியீடு , ஒழுங்குமுறை கட்டமைப்பு ,

rxil: RXIL becomes first TReDS platform to cross monthly throughput of Rs 1,000 cr

Synopsis
Launched in 2016, RXIL, a joint venture between the Small Industries Development Bank of India (SIDBI) and the National Stock Exchange of India Limited (NSE) with State Bank, ICICI and Yes Bank as other stakeholders.
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The government with the support of RBI, Ministry of Finance and Ministry of MSME has been promoting TReDS as an effective tool to address the working capital woes of MSMEs.
NEW DELHI: Receivables Exchange of India Ltd (RXIL), leading invoice discounting platform for MSMEs, on Tuesday said it has crossed monthly transaction volumes of Rs 1,000 crore in the month of March.
The growth of transaction volumes from Rs 69 crore in April 2020, to Rs 1,105 crore in March 2021 indicates the revival and resumption of the economic activity, RXIL said in a statement. ....

Vikram Limaye , Small Medium Enterprises , National Stock Exchange Of India Limited , Receivables Exchange Of India Ltd , Small Industries Development Bank , Receivables Exchange , India Ltd , Medium Enterprises , Managing Director , Chief Executive Officer , Trade Receivables Discounting System , National Stock Exchange , India Limited , Yes Bank , State Bank , விக்ரம் லிமாயே , சிறிய நடுத்தர நிறுவனங்கள் , தேசிய ஸ்டாக் பரிமாற்றம் ஆஃப் இந்தியா வரையறுக்கப்பட்டவை , பெறத்தக்கவைகள் பரிமாற்றம் ஆஃப் இந்தியா லிமிடெட் , சிறிய தொழில்கள் வளர்ச்சி வங்கி , பெறத்தக்கவைகள் பரிமாற்றம் , இந்தியா லிமிடெட் , நடுத்தர நிறுவனங்கள் , நிர்வகித்தல் இயக்குனர் , தலைமை நிர்வாகி அதிகாரி , தேசிய ஸ்டாக் பரிமாற்றம் ,

Axis Bank to become co-promoter of Max Life Insurance

Axis Bank to become co-promoter of Max Life Insurance
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The private sector lender will also nominate three representatives to the board of Max Life Insurance post this development. The three representative are – Rajiv Anand, Rajesh Dahiya and Subrat Mohanty.
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Axis Bank has become a co-promoter of Max Life Insurance after a regulatory go ahead from the Insurance Regulatory Development Authority of India (Irda).
The private sector lender will also nominate three representatives to the board of Max Life Insurance post this development. The three representative are Rajiv Anand, Rajesh Dahiya and Subrat Mohanty.
Anand heads the retail banking portfolio of Axis Bank while Dahiya heads multiple functions such as audit, human resources and compliance. Mohanty is the head of banking operations. ....

Amitabh Chaudhry , Rajesh Dahiya , Rajiv Anand , Subrat Mohanty , Mitsui Sumitomo , Axis Bank , Max Financial Services , Max Life Insurance , Axis Banks , Financial Services , Max Life , Life Insurance , Hdfc Life , Federal Bank , அமிதாப் ச Ud த்ரி , ராஜேஷ் தாஹியா , ராஜீவ் ஆனந்த் , சுப்ரத் மொஹாண்தி , மிட்ஸ்யூயீ ஸூமிடோமொ , அச்சு வங்கி , அதிகபட்சம் நிதி சேவைகள் , அதிகபட்சம் வாழ்க்கை காப்பீடு , அச்சு வங்கிகள் , நிதி சேவைகள் , அதிகபட்சம் வாழ்க்கை , வாழ்க்கை காப்பீடு ,

Six consortiums apply to RBI for NUE licence for retail payments

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The bank consortium is led by Axis Bank and
ICICI Bank, with 20% each and co-promoting an entity called MoPay. This consortium also has BillDesk, Pine Labs, Amazon and Visa with 15% stake each, sources directly aware of the talks told ET.
A consortium led by Reliance Industries and Infibeam Avenue has also submitted its proposal Wednesday. Facebook and Google are set to have minority stakes in this entity, as reported by ET in February.
Tata Group has also applied for the NUE licence through its subsidiary Ferbine Payments. It will own 40% in the entity while Airtel Digital, Mastercard and Nabard will hold 10% each. Flipkart, through its subsidiary FlipPay, and Naspers-backed PayU will own about 5% each in the Tata entity. HDFC Bank and Kotak Mahindra Bank will hold 9.99% each in Ferbine. ....

Jan Dhan Yojana , Axis Bank , National Financial Switch , Suryoday Small Finance Bank , National Payments Corp , Tata Group , Indusind Bank , Kotak Mahindra Bank , Reliance Industries , India Post , Tech Top , Pine Labs , Infibeam Avenue , Airtel Digital , Naspers Backed Payu , Electronic Payment , Fola Financial , Centrum Finance , Unified Payment Interface , Immediate Payments System , Direct Benefit Transfer , Jan Dhan , Nue Licence , Retail Payments , ஜான் தன் யோஜனா , அச்சு வங்கி ,