Three NBFCs whose registrations were cancelled are UP-based Abhinav Hire Purchase, Gurugram-based Jupiter Management Services and Assam-based NE Leasing and Finance

'Infinite India' will seek to eliminate the need for coordinating with multiple touchpoints thus leading to a hassle-free experience for foreign companies in India

Allowing big industrial houses in the banking sector has its own set of challenges

An internal working group of RBI has recommended that large corporates should be allowed to set up banks. Aditya Puri says if credit, scale and regulations can be ensured, then allowing them is almost a necessity

Niranjan Hiranandani, founder and managing director, Hiranandani Group, told Business Today that a large section of homebuyers in metro cities are helping the revival of sales

The probity watchdog expressed deep concerns over prolonged delay in filing of such details by the government officials and set the November 30 deadline for 100 per cent compliance

Addressing a joint press conference, senior Congress leaders P Chidambaram and Randeep Surjewala said the proposal is part of a deeper game plan to control the banking industry

Rahul Gandhi took a dig at the Centre over the Reserve Bank of India's recent proposal to allow large corporate houses as promoters of banks. He mimicked Union Home Minister Amit Shah's phrase 'Chronology samajhiye' (Understand the Chronology) in the tweet

For corporate houses, their ability to work under a stringent regulatory watch and to have detailed disclosures and proactive communication will be a test of the toughest order

The agency added that the RBI's internal working group's concerns regarding the concentration of economic power, as well as financial stability in permitting corporate houses to own banks, are some of the potential risks

Former Reserve Bank of India's (RBI) governor Raghuram Rajan and deputy governor Viral Acharya in an article he posted on LinkedIn, stated that it is important to stick to the tried and tested limits on corporate involvement in banking

In order to allow them to run full-fledged operations, the apex bank may make norms tighter as proposed by deputy governor M Rajeshwar Rao recently.

The RBI Internal Working Group (IWG), constituted to review corporate structure for Indian private sector banks, has also suggested the conversion of big non-banking finance companies (NBFCs) into banks

Large industrial houses like Aditya Birla group, Bajaj group, Mahindra and Mahindra, and Tata Sons already have large NBFCs with more than a decade of operations. In fact, these NBFCs are bigger than many mid-sized banks in the country

Newly listed insurance, mutual fund, pure play credit card and small finance banking players are charming Dalal Street

Stocks to watch today on November 5: Pidilite Industries, Lupin, HPCL, Adani Green, Adani Gas, SAIL among others are the top stocks to watch out for in Thursday's trading session

The China Securities Regulatory Commission (CSRC), the country's top securities watchdog, had accepted the application from StanChart HK on Oct. 10 to set up a securities firm in the mainland

The fresh conditions were announced by the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry on September 17

BT's panel of experts on how to fire up the four engines of the economy - and where to find the money

In July last year, Aditya Birla Idea Payments Bank had announced it would wind up banking business over \"unanticipated developments\" that made its economic model \"unviable\"