Elisa de Anda Madrazo Assumes FATF Presidency for 2024-2026 Elisa de Anda Madrazo has officially taken over the presidency of the Financial Action Task Force (FATF) for the term spanning 2024 to 2026. This prestigious appointment marks a pivotal moment in global financial governance, as Madrazo becomes the first Mexican to lead the FATF. Her…
Bombay High Court Rules Against PSU Banks’ Power to Issue Look Out Circulars In a significant ruling, the Bombay High Court has recently decreed against the authority of Public Sector Undertaking (PSU) banks to issue Look Out Circulars (LOCs). The decision marks a pivotal moment in the realm of banking regulations, potentially reshaping the dynamics…
SEBI Shortens Commodity Derivatives Delivery Period to Boost Liquidity In a significant move aimed at enhancing liquidity in the commodity derivatives market, the Securities and Exchange Board of India (SEBI) has announced a reduction in the delivery period for commodity derivatives. This change, effective from July 1, 2024, will shorten the delivery period from five…
IRDAI Mandates Shorter Audit Tenures to Boost Governance in Insurance Sector The Insurance Regulatory and Development Authority of India (IRDAI) has introduced new regulations mandating shorter audit tenures for insurance companies. This significant move aims to enhance governance, accountability, and transparency within the insurance sector. New Audit Tenure Regulations Under the new guidelines, IRDAI has…
P-Note Investments in Indian Markets Soar to Nearly 6-Year High In recent developments, investments through participatory notes (P-Notes) in the Indian markets have surged to a nearly six-year high, reaching a staggering figure. This significant increase in P-Note investments indicates growing investor confidence in the Indian market despite global uncertainties. Let’s delve deeper into this…
SEBI’s Proposed Framework for Undervalued Companies The Securities and Exchange Board of India (SEBI) has recently proposed a new framework aimed at addressing the issue of undervaluation of companies. This framework, if implemented, is poised to have significant implications for investors, stakeholders, and the overall functioning of the Indian capital markets. Understanding the Proposed Framework:…
Landmark CDS Trade: SBI and Standard Chartered Embrace New RBI Norms In a significant move towards bolstering India’s financial infrastructure, State Bank of India (SBI) and Standard Chartered recently engaged in a landmark Credit Default Swap (CDS) trade, adhering to the latest norms set forth by the Reserve Bank of India (RBI). This groundbreaking transaction…
Income Tax Department Imposes ₹564.44 Crore Penalty on Bank of India The Income Tax Department has recently imposed a hefty penalty of ₹564.44 crore on Bank of India for alleged discrepancies in the reporting of income. This penalty comes as a result of an investigation into the bank’s financial records, conducted by the tax authorities….
RBI Imposes Major Restrictions on Paytm Payments Bank Operations: Limited Post February 29 In a significant move, the Reserve Bank of India (RBI) has imposed major restrictions on the operations of Paytm Payments Bank. This decision, effective post-February 29, has far-reaching implications for candidates preparing for various government exams, including those aspiring for positions in…
Parama Sen Appointed Part-Time Member of PFRDA Board: Filling All Three Vacancies Parama Sen, a renowned financial expert, has been appointed as a part-time member of the Pension Fund Regulatory and Development Authority (PFRDA) Board, effectively filling all three vacancies on the board. This significant move comes at a crucial time for the PFRDA, as…
