Are Mutual Funds draining money from bank deposits?
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 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.
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.