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The proposed entity, unlike NPCI, can be a for-profit entity as well with diversified shareholding with no single promoter allowed to hold more than 40% investment at the time of the application with stipulation reduce it to 25% within five years of operation, as per the final framework released by the central bank on Tuesday.
SGX Nifty down 80 points; here's what changed for market while you were sleepingUS Treasury Secretary nominee Janet Yellen's push for a sizable fiscal relief package in response to the Covid-19 pandemic could not lift Asian markets that fell despite overnight rise on US indices.
from Stocks-Markets-Econ… Read MoreHDFC, ICICI, SBI remain systemically imp banks: RBIThe Reserve Bank had issued the framework for dealing with D-SIBs in July 2014. The D-SIB framework requires the central to disclose the names of banks designated as D-SIBs starting from 2015 and place these lenders in approp… Read MoreMarkets bounce back on Asian cues, buying by local investorsStock indices fell almost 2.2 per cent in the last two sessions amid growing concerns that the market is overheated. Fund managers said continuous foreign portfolio investor (FPIs) flows in the past three months helped invest… Read MoreSchneider Electric President told to relist or follow delisting processThe regulator said that if the company opted for delisting, the reference date for computing the floor price would be the date on which the company made the public announcement for the exit offer.
from Stocks-Markets-Economi… Read MoreAsian shares hit a record high after Yellen calls for big spendingU.S. President-elect Joe Biden, who will be sworn into office on Wednesday, last week laid out a $1.9 trillion stimulus package proposal to boost the economy and speed up the distribution of vaccines.
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