The Reserve Financial institution of India (RBI) has slapped a financial penalty of ₹1.91 crore on Axis Financial institution and ₹1 crore on HDFC Financial institution for non-compliance with sure regulatory instructions. Within the case of Axis Financial institution, RBI mentioned the financial penalty has been imposed for non-compliance with sure instructions issued by it … Read more
In a big transfer geared toward enhancing regulatory oversight, and guaranteeing compliance, the Competitors Fee of India (CCI), has proposed new laws to watch the settlements, and commitments of trade giants. Additionally learn:New CCI laws: Tightening the reins on confidential info The CCI’s newly issued session paper, and draft laws, guarantees to usher in a … Read more
The Maharashtra Actual Property Regulatory Authority (MahaRERA) has flagged 212 initiatives within the state, launched throughout January to April 2023, that haven’t up to date the regulator about their building standing, elevating doubts about their progress and concern that they will not be conserving to their timelines. MahaRERA has made it obligatory for all initiatives … Read more
With financial circumstances largely steady and banks sitting on robust stability sheets, Reserve Financial institution of India appears to have used the relative calm of FY24 as a possibility to strengthen supervision and crackdown on regulatory breaches. Additionally learn:RBI prone to maintain repo price at 6.50% The fiscal 12 months was considered one of heightened … Read more
India and the US must cooperate on framing laws on synthetic intelligence (AI), Microsoft’s chief Satya Nadella stated on Wednesday, stressing that the new-age know-how can “equally distribute” progress. The India-born chairman and chief govt officer of the worldwide tech big stated the corporate can be skilling 20 lakh Indians on AI by 2025. A … Read more
bl. portfolio met Anand Radhakrishnan, Managing Director & Chief Funding Officer – Rising Market Equities – India, Franklin Templeton, at his Chennai workplace, for a dialog on markets, laws, and fairness funds. Excerpts: Profile Anand Radhakrishnan has been within the funding administration business since 1994. He has a Publish-Graduate Diploma in Administration from the Indian … Read more