R LAKSHMI KANTH RAO
NBFCs need to focus on compliance, risk and liquidity, says RBI executive director R Lakshmi Kanth Rao
Non-banking finance companies (NBFCs) were advised by RBI executive director R Lakshmi Kanth Rao to prioritize compliance, risk management, liquidity management, and customer protection. Rao emphasized the regulatory differences between banks and NBFCs, noting the need for NBFCs to enhance compliance systems and balance business with prudence.
Lok Sabha Elections 2024 Phase 6: Fate of 889 candidates across 58 seats will be sealed on May 25; Check constituencies and other key details
The political contest in the nation is approaching its conclusion as the sixth phase of Lok Sabha elections is slated for Saturday, May 25. This phase encompasses 58 constituencies spread across six states and two Union territories, notably including all seven seats in Delhi and the Jangal Mahal region in Bengal. In addition to the national capital, voting will take place on Saturday for 14 seats in Uttar Pradesh, all 10 seats in Haryana, eight seats each in Bihar and West Bengal, six seats in Odisha, four seats in Jharkhand, and one seat in Jammu and Kashmir. Concurrently, polling will be conducted for 42 assembly constituencies in Odisha.
RBI appoints R. Lakshmi Kanth Rao as new Executive Director
The Reserve Bank of India (RBI) has appointed R. Lakshmi Kanth Rao as its new Executive Director, effective May 10. Rao will oversee the Deposit Insurance and Credit Guarantee Corporation, Right to Information Act (FAA), and Department of Communication. Rao has over three decades of experience in various domains, including Banks and NBFCs regulation, supervision, and consumer protection.
More and more Andhra education barons eye political heft
The great, renowned coaching factories of Andhra Pradesh are regularly churning out batch after batch of successful candidates at competitive exams. Side by side, the highly successful owners of these institutions are also aiming for -- and many of them achieving -- grand success in the political arena.
Can BJP's Tejasvi Surya beat Congress' Sowmya Reddy in Bangalore South? All you need to know
Bengaluru South Lok Sabha Elections 2024: BJP's Tejasvi Surya faces a strong challenge from Congress candidate Sowmya Reddy. Sowmya, aged 41 and daughter of Minister Ramalinga Reddy, is a former MLA from Jayanagar. With the Congress aiming to wrest control from the BJP, prominent leaders like Chief Minister Siddaramaiah and Deputy CM D K Shivakumar are actively supporting Sowmya's campaign efforts.
The banyan tree of health: Combating the titan twindemic of diabetes and obesity
The twindemic of type 2 diabetes and obesity is a major challenge in India, with over 100 million adults living with diabetes and roughly 250 million adults being overweight or obese.
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Weekend binge: From 'Fukrey 3' to 'Gen V', wrap up September with a dose of drama & action
Get ready for an action-packed weekend with a diverse lineup of entertainment options that cater to all your cinematic cravings! Whether you're a fan of heart-pounding action, spine-tingling suspense, rib-tickling comedy, or heartwarming romance, this weekend's offerings have something for everyone.
Telangana rains: Two girls washed away in Mahabubnagar district; low-lying areas inundated at several places in state
The two teenaged girls, who were crossing the stream, did not realise the current of water and got swept away, police said. Their bodies were found by local people later, they said. Chief Minister K Chandrasekhar Rao directed Education Minister P Sabita Indra Reddy to declare holidays to all educational institutions in the state on Wednesday and Thursday in view of the heavy rains, an official release said.
Karnataka cabinet expansion: 24 MLAs to be sworn in as ministers on Saturday
The list comes after days of hectic deliberations. For the last three days, the Karnataka CM along with his deputy have been camping in the national capital for discussions on cabinet expansion. Congress president Mallikarjun Kharge and former party chief Rahul Gandhi gave their final nod to the list which balances caste and regional equations in the southern state.
Big challenges ahead for CM-designate Siddaramaiah: Cabinet formation, portfolio allocation, poll 'guarantees' implementation
Multiple challenges, particularly with regard to cabinet formation, stare at Siddaramaiah as he takes over as the new chief minister of Karnataka, nudging out party colleague and state Congress president D K Shivakumar -- who will now be his deputy. The first challenge that Siddaramaiah faces on being sworn in is putting in place a cabinet with the right combinations, balancing between representing all communities, regions, factions, and old and new generations of legislators.
Have Suriya and Jyothika acquired lavish Rs 70-crore apartment in Mumbai?
Suriya and Jyothika were reportedly seen in Mumbai in their new posh apartment. Rumors suggest that they have shifted to support their children’s education.
IIT-M incubated startup YNOS Venture Engine raises Rs 2.5 crore in seed funding
YNOS leverages technology, advanced data science techniques and marker analytics to provide customized insights and recommendations to startup founders, venture investors, innovators.
IAF to get 1st delivery of LCA Tejas by March 2024, says HAL Chairman
Meanwhile, Arup Chatterjee, one of the directors of HAL, informed about a "high altitude pseudo satellite" being developed by the HAL, along with a start-up company. "We are developing a high altitude pseudo satellite with start-up company, it is futuristic. No country in the world has developed it yet. It will be solar energised and a big asset flying around 70,000 ft for 2-3 months unmanned taking information,"
Stocks in the news: CSB Bank, Gati, LVB, HDFC AMC, Sequent Scientific and Sical Logistics
Entities belonging to Capri Group have bought 4.9% in Lakshmi Vilas Bank.
Stocks in the news: Lakshmi Vilas Bank, Nestle, YES Bank, Ramco Cement and L&T Finance
A unit of IIFL Wealth Management has agreed to acquire L&T Finance Holdings’ wealth management business.
RBI's 'unconventional' rate cut to support growth, say experts
While the RBI expects risk on inflation forecasts to be evenly balanced, it anticipates some downside risks to its FY20 growth estimate.
Stocks in the news: YES Bank, SBI, HDFC, ITC, Bharti Airtel and Jet Airways
Four Nifty50 companies will report their quarterly results today.
One killed as cyclone Phethai barrels through coastal AP
East Godavari district bore the brunt of the storm as it made landfall near Katrenikona in the afternoon, forcing evacuation of 20,000 people, who have been sheltered in relief camp
President Ram Nath Kovind confers Sangeet Natak Akademi awards, fellowships
Kovind also presented Sangeet Natak Akademi Awards to 43 eminent artists in five categories for the year 2016.
Sell Divi's Laboratories, target Rs 475.0 : Manas Jaiswal
Sell Divi's Laboratories Ltd. at a price target of Rs 475.0 and a stop loss at Rs 606.0 from entry point
Buy Divi's Laboratories, target Rs 678: Siddharth Bhamre
Buy Divi's Laboratories Ltd. at a price target of Rs 678.0 and a stop loss at Rs 609.0 from entry point
Buy Divi's Laboratories Ltd. target Rs 660.0 : Sarvendra Srivastava
Buy Divi's Laboratories Ltd. at a price target of Rs 660.0 and a stoploss at Rs 618.4 from entry point
Demonetisation: This little-known film from 1946 had seen it coming before anyone else
'Vijayalakshmi' was directed by the veteran filmmaker P Pulliah.
Padma Vibhushan for Rajinikanth, Dhirubhai Ambani, Jagmohan
Senior lawyer Ujjwal Nikam, who was the prosecution counsel in the Mumbai terror attack case, actors Ajay Devgn and Priyanka Chopra got Padma Shri.
Lakshmi Machine Works eyes new export markets to dodge domestic competition
Competition has been intensifying in the sector with large global players entering the Indian markets and setting up facilities.
Ripples of Aam Aadmi Party’s stunning show felt across India
Seldom, if ever, has a rookie political party’s success in assembly polls become such a talking point and a cause for nationwide euphoria.
Hyderabad rally: Narendra Modi meets bureaucrats, industrialists, film professionals
Modi, who was recently appointed as the chief of poll campaign committee of BJP, spent over three hours in the interaction.
15 line up for BHEL CMD post
More than a dozen candidates, including senior IAS officer Shishir Priyadarshi are in race for the top job at BHEL
Mukesh Ambani wealthiest Indian on Forbes' rich list, networth $21.5 billion
Ambani, 55, with a net worth of $21.5 billion is 22nd on the US business magazine's 27th annual ranking released on Monday.
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