Regulatory Review Authority (November 2021) It's a reform that never received the credit it deserved. It incorporated some of the best practices from global central banks on consultation ahead of policy formulation; feedback from regulated entities (REs) and trade bodies; and structured meetings with banks' CEOs and senior compliance officials. Over 400 circulars were withdrawn. It was the central bank's 'open-door policy' aimed at fostering better engagement with REs. Regulatory Review Authority (RRA) 2.0 came two decades after Y V Reddy, as deputy governor, set up the first edition of RRA in 1999.
Playing the diplomat on new bank licences (November 2021) A Mint Road Internal Working Group (IWG) had, on November 20, 2020, made a case for large corporate and industrial houses as promoters of banks. It also suggested that large non-banking financial companies (NBFCs) with an asset size of ₹50,000 crore and above (including those owned by corporate houses) be considered for conversion into banks. However, instead of saying 'no' (which would have been seen as inflexible), the Reserve Bank of India (RBI) played it smart. While accepting 21 of the IWG's 31 recommendations, it said that "the remaining recommendations are under examination".
Housekeeping in shadow banks (October 2022)
Denne historien er fra December 10, 2024-utgaven av Business Standard.
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Denne historien er fra December 10, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Epstein's 'remarkable' network was valuable, says Barclays ex-CEO
Lawyers for former Barclays Plc boss Jes Staley (pictured) argued that the disgraced financier Jeffrey Epstein had \"the most remarkable network of contacts\" that benefited Staley professionally, as they kicked off a court challenge against his lifetime ban from financial services.
MGNREGA work demand remains higher for fourth straight month
Households demanding work under the MGNREGA scheme remained higher than the last year for the fourth straight month in February. According to the latest data, around 21.8 million households have sought work under the scheme in February 2025, nearly 3 per cent more than the same month last year.
New Sebi chief meets employees to address their concerns
Tuhin Kanta Pandey, the newly appointed chairperson of the Securities and Exchange Board of India (Sebi), hit the ground running on his first day on Monday by meeting employees to address their concerns over morale, targets, and key responsibility areas (KRAs).
Woman Credit Seekers Up 3x in 5 Yrs
Women Borrowers Increased at 22% CAGR Between 2019 and 2024
Bata India bats for footwear PLI to boost output, exports
Footwear major Bata India backed the need for a production-linked incentive (PLI) scheme in the footwear sector, saying that such support from the government will strengthen manufacturing wherewithal, increase exports, and position India as a base for global supplies.
Oscars 2025: Anora Steals the Show With 5 Awards
Anora, a drama about a sex worker who marries the son of a Russian oligarch, took home the best picture prize at the Academy Awards on Sunday.
Stricter disclosure norms for IPO-bound firms okayed
The Securities and Exchange Board of India (Sebi) has introduced stricter Key Performance Indicator (KPI) disclosures for initial public offers (IPOs).
Improving transparency
Efficient cash management can improve outcomes
Lagging behind in mineral geopolitics
The quest for minerals and other resources drove European colonial expansion from the 1500s onwards.
MUTUAL FUND SCHEMES' MERGER Stay invested if new fund syncs with your goal, risk appetite
Tata Mutual Fund has announced the merger of Tata Quant Fund into Tata Flexi Cap Fund.
