RBI Governor Sanjay Malhotra met bank chief executives, emphasizing that rate cuts and technology adoption should lower costs and boost efficiency for sustainable growth and financial inclusion. He also urged banks to enhance digital fraud safeguards and improve customer service by reducing grievances and strengthening internal systems.Read More
The Reserve Bank of India is urging large business groups to consolidate their non-banking finance and investment companies. This move aims to simplify structures for better risk assessment and regulatory oversight. Groups with multiple NBFCs, especially those with overlapping businesses, are being advised to merge entities.Read More
Asset reconstruction companies (ARCs) are on the frontlines, lobbying for a pass-through tax designation for alternative investment funds (AIFs) that invest in security receipts (SRs). They believe the current tax bracket of 42.74% is stifling potential investors, proposing instead that SR income be taxed directly in the hands of the end investors.Read More
Foreign investors injected significant capital into India’s energy and telecom sectors in the latter half of November, continuing a trend from earlier in the month and October. While telecom saw substantial inflows, the oil and gas sector also attracted considerable investment. Conversely, FMCG and automobile sectors experienced outflows as investors booked profits and re-evaluated high valuations.Read More
The Securities and Exchange Board of India (Sebi) has given the green light for IPOs from Molbio Diagnostics, LEAP India, Foodlink F&B Holdings, Technocraft Ventures, and Eldorado Agritech. These companies are set to raise significant funds through fresh issues and offer for sale components. However, Inox Clean Energy and Sky Alloys and Power have withdrawn their IPO plans.Read More
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