Sebi chairperson Tuhin Kanta Pandey highlighted the dual nature of AI in securities market regulation, acknowledging its power for surveillance while warning of risks like opacity and bias. He emphasized the need for regulation to shift from supervising institutions to systems and technology, advocating for anticipatory, resilient markets.Read More
The Reserve Bank of India is introducing new rules to make credit more accessible. Banks will no longer need ‘no dues’ certificates from borrowers. A quarter of new bank branches will open in smaller towns. Lenders must maintain a high credit-deposit ratio in rural areas. These changes aim to boost credit flow and financial inclusion across India.Read More
Mizuho Bank aims to build a Japan-India investment corridor using its banking strength and the Avendus Capital acquisition, as CEO Masahiko Kato highlights rising Japanese investor interest and India’s growing strategic appeal.Read More
Two banks have already shown interest. Bank of Baroda and ICICI Bank’s applications have come, Axis Bank’s is a work-in-progress, and a consortium led by Union Bank and Daiichi is also exploring participation, PFRDA chairman Sivasubramanian Ramann said.Read More
The regulator said banks are allowed to refinance a target company’s existing debt where such refinancing is “integral to the acquisition finance.”Read More
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