The Reserve Bank of India has mandated Non-Bank Finance Companies (NBFCs) to strictly adhere to a Rs. 20,000 limit in cash loans. This directive aims to deter cash transactions, supporting the rise of the digital economy and mitigating the spread of black money within the financial system. Regulatory Action Against IIFL Finance The instructions from …
In a significant development, the central government is examining RBI’s proposed regulations, aimed at strengthening financial reserves for infrastructure projects. The potential implementation of these rules could have far-reaching consequences across the financial landscape, prompting lenders to contest them on multiple fronts. Apprehensions and Market Impact According to reports, the draft regulations are currently under …
India VIX is a volatility index, It is the expected annual volatility in the market over the next 30 days, The India VIX was introduced in 2008, It is an index which represents the expected annual volatility for the benchmark indexes, NIFTY 50 over the next 30 days, It is based on the NIFTY 50 …
Overview of the ISO Settlement Scheme 2024 In March, the financial regulator introduced the ISO Settlement Scheme 2024, designed for entities involved in trade reversals in the stock options segment on the Bombay Stock Exchange (BSE) between April 1, 2014, and September 30, 2015. This scheme provides these entities with an opportunity to settle ongoing …
An Overview of June’s Performance According to SEBI data, the gross acquisition of equities by domestic fund managers in the secondary market was Rs. 83,006 crores in June, compared to a five-year average of Rs. 58,187 crores. After Rs 1.2 lakh crore in March 2020, the gross acquisition in a single month in June was …
The much-anticipated GDP growth numbers for the first quarter of fiscal 2022 released on August 31 shows that India’s growth has risen to 20.1 per cent for the quarter on a low base of last year. This is reportedly India’s best GDP growth on a quarterly basis. In the same quarter of the earlier financial …
Trading on a Saturday? Here’s Why Equity markets usually enjoy a break on Saturdays, but on May 18, 2024, the National Stock Exchange of India (NSE) will host a special trading session. This unique event is designed to test the stock market’s disaster recovery systems and assess the preparedness for emergency situations. What to Expect …
Sovereign Wealth Funds (SWF) are government-owned investment funds created by countries to manage their wealth and generate long-term financial returns. Global investors are growing confident that India’s economic potential is strengthening by the surge in assets under sovereign wealth funds. Sovereign Wealth Funds Pump in Investments According to data from the NSDL, Sovereign Wealth Funds …
Indian benchmark indices have staged a strong comeback from their intraday lows and were trading in positive territory during the afternoon session. A particularly noteworthy performer was the Nifty PSE Index, which was trading 2.8% higher and had reclaimed its significant psychological level of 10,000. The index opened at 9,719.05 on Wednesday and reached an …
The minutes of the Monetary Policy Committee (MPC) meeting on December 06th and 07th culminating in the credit policy announcement had voted in favour of a status quo on rates. According to the minutes released on 21st December, there was complete unanimity among the 6 members of the MPC on the need to maintain status …
