The FinTech Hub
Source: Business Standard Parekh, in his plea, stated that the complaint had been filed in 2003 for the alleged violation dated 1997. | Photo: Shutterstock 3 min read Last Updated : Oct 09 2024 | 10:56 PM IST A special court here has rejected former stock market broker Ketan Parekh’s plea for the closure…
Source: Business Standard RBI, Reserve Bank of India(Photo: Reuters) 3 min read Last Updated : Oct 09 2024 | 11:56 AM IST As the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.5 per cent on Wednesday (October 9), governor Shaktikanta Das announced that the…
Source: Business Standard 3 min read Last Updated : Oct 09 2024 | 10:23 PM IST India’s benchmark indices made positive strides for the second consecutive session on Wednesday, but sustained selling by overseas investors saw them erase their gains. Global headwinds and foreign portfolio investors (FPIs) outflows outweighed the positive sentiment triggered…
Source: Business Standard Although the industry expected the status quo to persist, it is not anticipating any negative impact 4 min read Last Updated : Oct 09 2024 | 2:11 PM IST Even as the realtors’ hopes for a repo rate cut ahead of the festive season were dashed after the Reserve Bank of…
Source: Business Standard 1 min read Last Updated : Oct 09 2024 | 9:21 PM IST The Securities and Exchange Board of India (Sebi) has turned its focus on several brokers whose clients utilised plugins from an algorithmic trading platform promising guaranteed returns. Trading applications provided by several brokers allow their clients to…
Source: Business Standard 2 min read Last Updated : Oct 09 2024 | 8:12 PM IST The Reserve Bank of India (RBI) on Wednesday said that banks and non-banking financial companies (NBFCs) cannot levy foreclosure charges or pre-payment penalties on floating rate term loans sanctioned to Micro and Small Enterprises (MSEs). A draft…
Source: Business Standard 2 min read Last Updated : Oct 09 2024 | 7:15 PM IST The number of dematerialised (demat) accounts — used for holding shares and other securities electronically — rose by 4.4 million in September, reaching a total of 175.4 million. It marks an average addition of 4 million accounts monthly…
Source: Business Standard Helpdesk support was provided through inbound calls, outbound calls and live chats. | Representational Image 2 min read Last Updated : Oct 09 2024 | 7:48 PM IST The finance ministry on Wednesday said more than 34.84 lakh audit reports, including about 34.09 lakh Tax Audit Reports (TARs), have been filed…
Source: Business Standard 3 min read Last Updated : Oct 09 2024 | 7:25 PM IST FTSE Russell announced that it will include India’s sovereign bonds in its Emerging Markets Government Bond Index (EMGBI) starting September 2025. The inclusion of India’s debt in the $4.7 trillion EMGBI will take place over a six-month period….
Source: Business Standard PNB, Punjab National Bank (Photo: Shutterstock) 2 min read Last Updated : Oct 09 2024 | 6:18 PM IST Punjab National Bank (PNB) has said that all electronic mandates (e-mandates) for its Rupay Debit Cards have to be registered again on relevant merchant platforms or websites. Click here to…
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