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RBI tightens REIT, InvIT bank lending rules; rejects push for broader refinancing and land finance

Mumbai, June 10 -- The Reserve Bank of India has tightened rules governing banks' exposure to real estate investment trusts (Reits) and infrastructure investment trusts (InvITs), rejecting industry re... Read More


RBI to bear hedging costs for banks' foreign currency deposits, flows of over $10 bn seen

Mumbai, June 5 -- Amid significant depreciation in the domestic currency, the Reserve Bank of India on Friday said it will absorb the hedging cost for foreign currency deposits mobilized by Indian ban... Read More


RBI governor calls competition for deposits "good" if it's transparent

Mumbai, June 5 -- Competition among banks while mobilising deposits is "good" as long as it is transparent, Reserve Bank of India governor Sanjay Malhotra said on Friday in response to a question on r... Read More


India faces same challenges as rest of the world, stop selling yourself short: Citi's Jane Fraser

New Delhi, June 4 -- Despite global headwinds, the challenges India faces are similar to those of other countries, and as such India's long-term growth story remains intact, Citi chair and chief execu... Read More


Banks invest in QR infra for easy current account float amid slowing deposit growth

Mumbai, June 3 -- Mid-sized and state-run banks are increasingly deploying their own QR-code infrastructure to acquire small-business customers directly, according to bank executives and industry anal... Read More


Operational control driving insurance M&As rather than FDI limit hike

Mumbai, May 28 -- The recent spate of deal activity in the insurance sector is being driven less by the increase in foreign direct investment (FDI) limit to 100% from 74%, and more by the enabling pro... Read More


Operational control driving insurance M&As rather than FDI limit hike

New Delhi, May 28 -- The recent spate of deal activity in the insurance sector is being driven less by the increase in foreign direct investment (FDI) limit to 100% from 74%, and more by the enabling ... Read More


Govt open to stakeholder views on reducing capital gains tax on stock investments: Finance minister

India, May 26 -- The government is open to stakeholder views on reducing capital gains tax on investments in stock markets, aiming to make domestic markets more attractive to foreign portfolio investo... Read More


'Govt open to views on capital gains tax cuts'

Mumbai, May 26 -- The government is open to stakeholder views on reducing capital gains tax on investments in stock markets, aiming to make domestic markets more attractive to foreign portfolio invest... Read More


Govt open to views on capital gains tax cuts amid FPI outflows: Sitharaman

New Delhi, May 25 -- Mumbai - The government is open to stakeholder views on reducing capital gains tax on investments in stock markets, aiming to make domestic markets more attractive to foreign port... Read More