CAPITAL REQUIREMENTS
Paytm Bank, auditor lock horns over biz viability
Paytm Payments Bank Ltd faces audit qualification disputes over viability, seeking RBI intervention. Compliance issues led to operational restrictions, prompting directions to transfer businesses. KYC guideline non-compliance has halted income generation and eroded net worth.
FSSAI ready to shake up protein powder space
The Food Safety and Standards Authority of India (FSSAI) is set to release tighter regulations on protein supplements, after it conducted a study which revealed that dozens of protein powders and supplements were being sold at store shelves, gymnasiums and e-commerce platforms with false and misleading claims, said one of the persons.
Indian banks' gross NPA ratio at multi-year low of 2.8%, net NPA down to 0.6% in FY24: RBI Fin Stability Report
The Reserve Bank of India reported that Indian banks' gross NPA ratio reached a multi-year low of 2.8%, with net NPA at 0.6% by March 2024. The global economy faces risks from geopolitical tensions and high public debt, but India's financial system remains robust, supporting economic growth through sustained credit expansion, the RBI said.
Visaman Global Sales IPO allotment likely today. Here's how you can check status
Visaman Global Sales is likely to finalise the share allotment process later today. Investors can check the status of Visaman Global Sales by logging in to the official website of the registrar, which is Link Intime India in this case.
India will require an additional data centre capacity of 1.7-3.6 Gigawatt: Report
India is poised to become a global data center hub due to its low construction, land, and power costs. With a robust IT ecosystem, the country’s data center capacity is projected to reach 3.29 GW by 2028. However, an additional 1.7–3.6 GW will be required to meet rising demand.
Zap our human capital to shape
India needs to make sure that no one is left behind as it quickens its growth trajectory. Social and economic advancement will be essential for this. Every child in India has to have access to the education they need and be given the opportunity to pursue their dreams of becoming successful adults.
- Go To Page 1
Armee Infotech files papers to garner Rs 250 cr via IPO
IT infrastructure solutions provider Armee Infotech Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 250 crore through an initial public offering (IPO).
SBI plans to open 400 branches in FY25: Chairman Dinesh Khara
Asked about the monetisation of subsidiaries, Khara said that SBI would wait for them to further scale up their operations before listing them. Scaling up their operation will increase valuation and ensure better returns for the parent SBI.
Cleaning up Delhi's air requires uncomfortable decisions involving rich people: Sunita Narain
Cleaning Delhi’s air demands tough decisions, not just targeting farmers for stubble burning but addressing major urban sources like transport and industry, says environmentalist Sunita Narain. In a PTI interaction, Narain highlighted that despite governmental measures, erratic weather and insufficient action continue to worsen pollution. She urges aggressive steps, including bringing natural gas under GST to reduce reliance on coal and expanding public transport, essential for significant improvement in air quality.
SBI to monetise subsidiaries after scaling up their businesses: Chairman Khara
SBI Chairman Dinesh Kumar Khara stated that the bank plans to wait for its subsidiaries like SBI General Insurance and SBI Payment to enhance their operations before considering monetisation through the capital market to boost valuation and returns for SBI. With loans worth Rs 5 trillion in the pipeline from the corporate sector, Khara indicated a shift towards credit-seeking behavior for working capital and expansion, signaling potential for private sector growth and value creation by SBI.
Documents required for ITR filing: 10 documents you need to file income tax return
Documents required for ITR filing: An individual should collect all the required documents such as Form 16, bank account statements, capital gains statement, depending on the incomes they have to make the ITR filing process easier. Here is the list of 10 documents that a taxpayer might need to file their income tax return this year.
Answer to India’s critical minerals requirement lie in India’s extended neighbourhood
India is exploring critical minerals in Latin America for EVs, but a solution may be closer in Kazakhstan. The country has reserves of critical minerals that can support India's clean energy goals.
How to build your career capital
Invest in yourself by developing skills, relationships and reputation to future-proof your income and ensure lifelong career growth.
Rooftop solar installations fall 26% to 367 MW in January-March: Report
India added 367 MW of rooftop solar in the March quarter. Installations fell nearly 10 per cent quarter-over-quarter from 406 MW and dropped over 24 per cent year-on-year from 485 MW, the report titled 'Q1 India Rooftop Solar Market' said.
Capital needs to remain high for Indian corporates: Moody's
Moody's Ratings reported on Thursday that Indian corporates face high capital requirements for capacity expansion and growth spending. 16 out of 23 rated companies are estimated to need USD 70-100 billion annually over the next two years. While domestic liquidity can cover some needs, offshore funding remains crucial. Strong consumption growth, infrastructure spending, and government targets will continue to drive corporate capital needs.
Bank credit growth rate expected to moderate: Crisil
The central bank increased the risk capital requirements for unsecured loans to NBFCs to 125% in November last year from 100% prompting banks to realign their strategies and strengthen their underwriting process.
NRI Investing Guide: Are you legally allowed to buy agricultural land in India?
NRIs in India face restrictions under FEMA when purchasing agricultural land, but can inherit it from relatives to reconnect with their roots.
CEA Anantha Nageswaran bats for fresh round of capital market reforms
The CEA pushed for macro and financial stability, stressing that "sometimes it may be necessary to forgo rapid growth opportunities in favour of stability". This will ensure that the country remains on the high growth orbit for a longer period, he indicated. He pointed at the massive spurt in credit in the early part of this century and the subsequent spike in bad loans in the banking assets, which weighed down growth in the second decade of this century.
HOAC Foods IPO opens today: Check issue size, price band, GMP and other details
HOAC Foods IPO: The IPO opened today and will conclude on May 21. HOAC Foods plans to raise approximately Rs 5.5 crore through the SME IPO. The company intends to list its shares on the NSE SME platform. HOAC Foods specializes in the production of flour (chakki atta), herbs and spices, unpolished pulses, grains, and yellow mustard oil.
Rulka Electricals IPO to open on May 16. Check price band and other details
Rulka Electricals IPO will open on May 16 with a price band of Rs 223 - Rs. 235 per share, aiming to raise approximately Rs. 26.4 crore.
FIIs withdraw Rs 46,000 crore from financial stocks in 2024. Is RBI the deal-breaker?
After selling financials worth over Rs 30,000 crore in January and nearly Rs 10,000 crore in February, Foreign Institutional Investors (FIIs) turned into net buyers in the sector in March. However, they resumed selling in April, with last month's selling amounting to around Rs 9,300 crore.
IndusInd sets itself a new Rs 4.2 lakh crore target, eyes 2030 timeline
Under the new plan, IIHL is looking to set up a banking, financial services, and insurance portfolio worth $50 billion (Rs 4.2 lakh crore) by 2030. This is including its investment in IndusInd Bank, apart from the new businesses under Reliance Capital, which IIHL won in insolvency proceedings.
PFC, REC shares fall up to 12%. CLSA says don't worry about impact of RBI norms
Shares of PSU financers PFC, REC, and IREDA tumbled up to 12% today as RBI raised provisioning requirements during the construction phase of projects from 0.4% to 5.0%. CLSA mentioned that while it doesn't anticipate an impact on the profit and loss account of PFC and REC, it could affect capital adequacy.
Aluminium industry requires additional capex of Rs 2.2 lakh cr to achieve net-zero emissions: Study
Net-zero aluminium could be 61 per cent more expensive, the study said, adding that decarbonising this industry would also lead to a yearly increase of Rs 26,049 crore in additional operating expenditure, as per the study. Although the country's per capita aluminium consumption is low at 2.5 kg (compared to the world average of 11 kg), the industry emitted nearly 77 million tonnes of CO2 in 2019-20, it said.
Delhi EWS Admission 2024-25: Registration for EWS begins on April 30, Important dates and eligibility Criteria
Delhi's Directorate of Education has announced the commencement of registration for EWS admission 2024-25 in private schools. The process starts on April 30 and ends on May 15, with a computerized lottery for seat allocation on May 20. Eligibility criteria include age requirements and residency, with specific documentation needed for application.
RBI sets eligibility rules for SFBs seeking universal banking licence
Both these lenders, along with Equitas, announced their intent to seek universal banking licence, which offers more regulatory flexibility in terms of doing business. Equitas is not immediately eligible to seek the licence as its net NPA ratio was higher than 1%. Eligible SFB will be required to furnish a detailed rationale as to why they want such a transition, RBI said.
UBS says 'seriously concerned' about new capital requirements talk
UBS executives express serious concerns over Swiss government's plan for tougher capital requirements, fearing the need for $15-25 billion in additional capital. Chairman Colm Kelleher stresses distributing excess capital to shareholders despite challenges, asserting UBS is well-capitalized and not "too big to fail."
Taiwan hit by strong 5.5-magnitude earthquake
A magnitude-5.5 earthquake originating in eastern Hualien shook Taiwan's capital on Monday evening, according to the Central Weather Administration. This region was previously hit by a magnitude-7.4 quake on April 3, resulting in landslides and significant damage to buildings. The recent tremor was felt in Taipei and was rated at 5.3 magnitude by the US Geological Survey. Hualien's fire department dispatched teams to assess any potential damage from the quake.
Icra revises banking sector outlook from positive to stable
Icra revised banking sector outlook to stable, expecting moderated credit growth. Net interest margins to compress due to rising deposit cost, potential rate cut leading to margin pressure from advances repricing. Healthy earnings and elevated CD ratio may pose challenges in deposit mobilisation. Credit costs steady at 0.8% of advances.
Load More
