Reseñas

Exchanges’ equity and derivative platforms are currently open for trading between 9:15 am and 3:30 pm. The Securities and Exchange Board of India (Sebi) has already drawn up a framework that allows bourses to keep F&O trading open until 11:55 pm and shares until 5 pm.

“The issue was discussed in a meeting last month. We have suggested to the RBI that instead of one week, the reporting time should be increased to around a month,” said a senior bank executive aware of the development. Under the existing framework, lenders need to report fraud to the Continue Reading

The three bidders have offered different plans which will now be evaluated by Resurgent Resolution Professionals, the valuer appointed by banks. Depending on the valuer’s report, lenders will put the best plan to vote based on the net present value.

​​The RBI noted that it has observed that some ARCs have been recognising management fees even though the fee had not been realised for more than 180 days.

While the size and coupon will be finalised depending upon investor interest, the bond could be priced at 6%, according to a bond trader. REC’s $450 million green bond due 2027 is trading at a yield of 5.85%.

Widening for the fourth consecutive month, the average advance-decline ratio has fallen to around 0.7 so far this month. February’s reading has further softened from 0.76 in January 2023, 0.87 in December 2022 and 0.95 in November 2022.

The stocks included in the large-cap index are ACC, Kotak Mahindra Bank, Canara Bank, IDBI Bank, YES Bank, Union Bank, Indian Hotels, Jindal Steel & Power, Shriram Finance, Trent, and Tube Investments. One97 Communications, Biocon, Godrej Properties, Jubilant FoodWorks, Piramal Enterprises, and Sona BLW are the six stocks excluded from Continue Reading

Bank mergers have benefited both the acquirer and the acquired, according to a report by Reserve Bank of India researchers. While the transactions have helped improve the efficiency of the acquirer banks, they have added to shareholder value for banks that have been acquired.

India is also hosting a conclave on Global Partnership for Financial Inclusion (GPFI) next month to which all the “friendly neighbouring” countries have been invited, people familiar with the matter said on Monday, indicating that Pakistan is not among the invitees for the conclave.

Further, the ministry approved setting up of new ESIC hospitals, upgradation of few hospitals and taking over a few hospitals from the state governments into the ESIC for better service delivery. Further, it has decided to continue funding to north-eastern states to run the ESIC scheme for providing better medical Continue Reading