On November 2, RBI had allowed banks to provide PCE for debt raised by non-deposit-taking systematically important non-banking financial companies and housing finance companies

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The government has asked the RBI for a dedicated liquidity window for these lenders similar to one allowed for the entire Indian financial sector during the 2008-2009 global financial crisis.

HSBC executes India's first overseas blockchain payment for Reliance IndustriesBritish bank HSBC has executed India's first financial transaction using blockchain for a deal involving an export by Reliance Industries to an American client. The blockchain-enabled letter of credit transaction was for a shipment from the Mukesh Ambani-led company to US-based Tricon Energy, and helped reduce the time required to process the documents. The statement claimed that the solution is a significant impro...

Dewan Housing Finance Corporation (5.16%), Indiabulls Housing Finance (6.04%), Reliance Home Finance (3.13%), Gruh Finance (2.02%), VLS Finance (1.06%), Reliance Capital (1.33%), PNB Housing Finance (1.01%), and LIC Housing Finance (2.36%) were the major losers in the sector.

The Reserve Bank has initiated steps to set up a wide-based digital Public Credit Registry (PCR) to capture details of all borrowers, including wilful defaulters and also the pending legal suits in order to check financial delinquencies.

Market commenced the session on a strong footing on easing concerns around the rift between the government and RBI. However, emergence of profit-booking at every rise reversed early gains.