In a significant move, the Reserve Bank of India (RBI) has begun insolvency proceedings against Aviom India Housing Finance, a housing finance company based in New Delhi. This step comes after concerns over the company’s governance practices and mounting payment defaults. The RBI’s decision to initiate corporate insolvency resolution underlines the seriousness of the issues …
Starting February 1, 2025, the National Payments Corporation of India (NPCI) will enforce a new directive prohibiting special characters in UPI transaction IDs. This move aims to standardise transaction processing and enhance security across payment platforms. UPI apps that fail to comply will see their transactions declined by the central system. Security Risks of Special …
The Indian stock markets, typically closed on weekends, will remain open for trading on Saturday, February 1, 2025. This special arrangement coincides with Finance Minister Nirmala Sitharaman’s presentation of the Union Budget 2025. Why Are Stock Markets Open on February 1, 2025, Saturday? The decision to keep the markets open on a Saturday is not …
The US Federal Reserve decided to hold its key interest rate steady on Wednesday (January 29), maintaining it in the range of 4.25%-4.5%. The decision by the central bank’s Federal Open Market Committee (FOMC) came as anticipated, following a series of rate cuts since September 2024. In the past three months, the Fed had reduced …
On January 30, 2025, the BSE Sensex ended in green closing at 76,759.81, up by 0.30% and the NSE Nifty50 closed at 23,249.50, up by 0.37%. Sectoral Performance On Thursday, Nifty Consumer Durables, Nifty Midsmall IT & Telecom and Nifty Media ended in the red. Nifty Realty, Nifty Oil & Gas, and Nifty Midsmall Healthcare ended in …
The Securities and Exchange Board of India (SEBI) has introduced stricter regulations regarding associations between registered market participants and unregistered financial influencers. These measures aim to safeguard investors from misleading advice and unwarranted claims of guaranteed returns. SEBI’s new guidelines place clear restrictions on how regulated entities engage with influencers, directly or indirectly. Prohibition on …
As the world comes to a halt with the outbreak of the global Coronavirus pandemic, International credit rating institutions and research analysts such as Moody’s and Fitch have constantly cut the projected growth of India for 2020. Moody’s lowered India’s GDP growth outlook to a staggering 2.5% from 5.3% and Fitch has reduced the rate …
On Thursday, the surplus funds with the banks suddenly dropped, which took the overnight call rate to the highest in 21 months. This is because the sudden drop in surplus funds forced banks to urgently borrow funds for the short term to meet their requirements. The excess funds with banks were at Rs 6.06 lakh …
The RBI Monetary policy was announced on April 06th under fairly mixed circumstances. A lot has changed in the last few months since the demonetization exercise was first undertaken. To begin with, while demonetization did impact growth, the impact was nowhere close to what the pessimists were expecting. On the other hand, it had the …
There was actually little surprise in the markets when the Monetary Policy Committee (MPC) finally announced a 25 basis points cut in the monetary policy announcement on 2nd August. The debate among traders and economists was more around whether the actual rate cut would be 25 basis points or 50 basis points. In fact, the …
