Mumbai, June 1 (IANS) National Securities Depository Limited (NSDL) on Monday announced the introduction of daily reporting of domestic institutional investor (DII) investment trends as part of efforts to strengthen transparency in India’s capital markets.The initiative has been launched under the guidance of the Securities and Exchange Board of India (SEBI) and in coordination with custodians and SEBI’s Department of Economic and Policy Analysis (DEPA).According to NSDL, the new reporting f…
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Srinagar, May 30 (IANS) J&K Cyber Crime Department on Saturday issued an advisory for the general public amid rising cases of online fraud and digital scams.A statement by the Cybercrime Department urged the public to remain vigilant against cyber criminals employing fake calls, phishing links, OTP fraud, and suspicious online requests to target unsuspecting individuals.The advisory comes as cyber-related complaints continue to surface across the region, with fraudsters increasingly using de…
New Delhi, May 18 (IANS) India’s financial system has become stronger and more stable due to the growing role of asset reconstruction companies (ARCs), M Nagaraju, Secretary, Department of Financial Services, said on Monday.Addressing an industry gathering during ASREC logo launch event in the national capital, he said ARCs have emerged as a key pillar of the country’s financial ecosystem by helping banks and financial institutions resolve stressed assets efficiently.“ARCs play a major rol…
Mumbai, April 27 (IANS) The Reserve Bank of India (RBI) on Monday released its final guidelines on asset classification and provisioning for lenders, marking a significant shift toward a more forward-looking risk assessment framework. The rules, which were first proposed in draft form in October last year, will come into force from April 1, 2027, despite banks urging the regulator to delay implementation.At the heart of the new framework is the introduction of the Expected Credit Loss (ECL) appr…
Hyderabad, April 23 (IANS) Hyderabad Police Commissioner V. S. Sajjanar on Thursday asked the banks to focus on preventing cyber frauds by ensuring zero mule accounts.The Hyderabad police chief recommended the introduction of a twin-challenge framework to reorient bank branch priorities away from account-opening targets and towards citizen safety and institutional integrity.He strongly advocated that both these challenges should be embedded as formal Key Performance Indicators (KPIs) at the bran…
New Delhi, April 22 (IANS) India’s benchmark Nifty 50 could be in the 28,000–31,000 range by the end of March 2027, implying a 15 per cent to 25 per cent upside from current levels, a report said on Wednesday.The report from investment management firm OmniScience Capital underpinned the outlook on FY27 Nifty 50 earnings per share of Rs 1,280 to Rs 1,320 and projected an earnings growth of 10 per cent–13 per cent.It forecasted a potential re-rating driven by easing geopolitical tensions, mo…
New Delhi, April 5 (IANS) Profitability of banks is likely to improve year-on-year (YoY) in the March quarter of FY26, supported by sustained growth in advances, higher fee income and lower credit costs, a report said on Sunday.The data compiled by Systematix Institutional Equities noted that banks are expected to deliver better earnings performance in the fourth quarter, even as margin pressures persist.The improvement in profitability is being driven primarily by steady expansion in loan books…
New Delhi, April 1 (IANS) Pradhan Mantri Mudra Yojana (PMMY) has sanctioned more than 52.37 crore loans disbursing a total of Rs. 33.65 lakh crore since its launch in April 2015, according to an official fact-sheet.Around 70 per cent of loans went to women entrepreneurs and about 50 per cent to borrowers from Scheduled Caste, Scheduled Tribe and Other Backward Classes, the fact-sheet said.A category‑wise breakdown of loan sanctions showed that Shishu loans account for 78 per cent of the number…
New Delhi, March 31 (IANS) The Reserve Bank of India (RBI) has deferred the implementation of its revised capital market exposure framework by three months, changing the effective date to July 1, 2026, from the earlier April 1 deadline.The decision comes after feedback from banks, capital market intermediaries (CMIs), and industry bodies, which highlighted operational and interpretational challenges in implementing the new norms.The central bank had initially issued the amendment directions on F…
Gandhinagar, March 28 (IANS) Positioning India as a competitive global financial hub, Gujarat’s GIFT City has recorded rapid growth in financial activity and international participation, prompting Chief Minister Bhupendra Patel to describe it as a “vibrant reality driving economic growth”. The Chief Minister said the project, envisioned by Prime Minister Narendra Modi during his tenure in Gujarat, has moved beyond its initial concept to become a fully operational international financial hub….