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The Supreme Court on Wednesday came down heavily on the Centre for dithering on whether to waive interest on loans during the repayment moratorium period, which ends on August 31, or if banks should be barred from charging interest on interest accrued on the deferred EMIs.
BSE arm gets recognition to oversee IAsSebi has granted recognition for three years from June 1, 2021 and the renewal will be subject to satisfactory performance by BASL, which is a subsidiary of stock exchange BSE, the regulator said. All existing Sebi-registered… Read More15 banks join to process local LCs on blockchainBankers said that the new system will verify data using invoices on goods and services tax (GST) and e-way bills which will quicken transactions and also eliminate risk of frauds.
from Stocks-Markets-Economic Times https://… Read MoreMicrofinance may get the freedom to bloomDifferentiated lending rates and new product development is likely to drive India’s microfinance market going forward with the Reserve Bank of India planning to create an open architecture for all lenders and deregulating the… Read MoreSebi plans to build a dedicated framework for SPACs in IndiaTo allow SPACs in India, Sebi has to either introduce a separate law or amend current regulations to allow listing of ‘non-operating’ or ‘investment’ companies, market watchers say.
from Stocks-Markets-Economic Times https:/… Read MoreIndian Overseas Bank urges RBI to pull the bank out of PCA frameworkThe bank reported Rs 831 crore of annual profit against Rs 8,527 crore loss in the preceding fiscal. ROA for the full year was 0.31% as against a negative 2.95% a year back.
from Stocks-Markets-Economic Times https://ift.tt/… Read More
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