Even if money is moving from bank deposits to mutual funds, ultimately the money should remain in banks albeit under a different ownership. How would this cause a dip in bank deposits?
Indian NBFI Regulatory Actions Bring Governance to the Forefront, says Fitch ratings
Governance and compliance issues can greatly diminish customer and market confidence, potentially undermining funding and business activities. Severe non-compliance may result in stringent regulatory sanctions, which can negatively affect the issuer’s franchise strength and heighten the risk of default, especially if liquidity buffers are thin.
RBI Bulletin – August 2024 Highlights
Today, the Reserve Bank released the August 2024 issue of its monthly Bulletin. The Bulletin includes monetary policy statement, five speeches, seven articles, and current statistics. Highlights: The persistence of food inflation…
After RBI, now government asks PSBs to eye more deposits
On August 19, Union Finance Minister Nirmala Sitharaman urged Government banks to enter special drives to garner deposits at a performance review meeting with the bank chiefs in Delhi. Also, the finmin…
RBI imposes monetary penalty on BoM, Hinduja Leyland Finance and Poonawalla Fincorp
The Reserve Bank of India (RBI) has cracked down on three entities imposing monetary penalties citing rule violations. These are Bank of Maharashtra (BoM), Hinduja Leylan Fincorp Finance and Poonawalla Fincorp.
SBI, PNB in Talks with Karnataka Government for ‘Amicable Resolution’ of Transaction Ban
In response to the unexpected decision by the Karnataka government to halt all transactions with them, State Bank of India (SBI) and Punjab National Bank (PNB) stated on Thursday that they are…
RBI imposes monetary penalty on Muthoot Housing Finance
After considering the company’s reply to the notice and oral submissions made by it during the personal hearing, RBI found that the company failed to take prior written permission of the RBI for change in management resulting in change of more than 30 per cent of its directors, excluding independent directors, warranting imposition of monetary penalty, the RBI said.
CPI inflation falls to a 5-year low in July: Don’t uncork the bubbly yet
Locally, food prices remain tricky. Hence, the central bank will continue on a wait and watch mode till end of this year before it gets convicing signals on a sustainable easing in inflation numbers.
Hindenburg allegations: Who will regulate the regulator?
An impartial investigation is must into the charges raised by Hindenburg, particularly the ownership of offshore funds, Buch’s ownership of advisory business and whether the company has benefitted from Sebi’s policies under Buch etc, is must.
RBI Policy: MPC leaves repo rate unchanged
The six-member monetary policy committee (MPC) led by the Reserve Bank of India (RBI) on August 8 kept the interest rates steady for the ninth consecutive policy review citing continuing risks on…