NBFC asset quality remains resilient despite potential RBI rate hike (representative image) A potential Reserve Bank of India (RBI) rate hike is unlikely to trigger broad-based stress in the asset quality of non-banking financial companies (NBFCs), with risks expected to remain concentrated in select segments unless monetary tightening is prolonged or accompanied by a major…
Sebi to quickly move ahead with proposals Sebi chairman Tuhin Kanta Pandey on Saturday said that the market regulator would soon move ahead with its proposed changes to the Closing Auction Session (CAS) mechanism after receiving more than 3,500 comments on its consultation paper.The regulator had invited views on changes to the CAS, market timings…
RBI governor Sanjay Malhotra Reserve Bank governor Sanjay Malhotra on Saturday said that the central bank remains committed to monitoring emerging vulnerabilities and maintaining a strong and resilient financial system, even as the financial sector remains resilient with healthy balance sheets of banks and NBFCs.“Today’s resilience may not necessarily imply tomorrow’s immunity, and we are…
The proposed line will extend the railway network from Rangpo to Gangtok. (Representative image) NEW DELHI: In a push to bring Sikkim’s capital Gangtok on the railway map, railway ministry has prioritised the plan for a 34-km rail link between Rangpo and Gangtok, estimated to cost around Rs 9,000 crore.TOI has learnt that the proposed…
Union commerce and industry minister Piyush Goyal addresses the US Indian Community Foundation event India is building a network of free trade relationships that could eventually cover nearly 75-80 per cent of the world’s economies, commerce and industry minister Piyush Goyal said in Chicago, pitching the country as an expanding base for global trade and…
India’s crude imports hit year-high in September India has kept the crude flowing even as the Middle East conflict has choked global energy supply chains for over seven months. Imports surged to a year-high of 5.26 million barrels a day (mbd) in September, powered by a surprise jump in Gulf supplies.The rise in shipments from…
UPI transactions rise 27% UPI’s digital tap-to-pay habit appears to be getting stronger by the month. The platform processed around 145 billion transactions in the first half of the current financial year, up 27% from 114 billion in the same period last year, according to National Payments Corporation of India (NPCI) data.The value of those…
What happens after G7’s emergency release The G7 is tapping its emergency oil stash, with plans to release 100 million barrels of oil and fuel products to ease the diesel crunch. Earlier on Friday, the bloc said it would start opening the taps in the coming weeks, beginning with a “frontloaded substantial release” of diesel…
Irdai plan to help check mis-selling MUMBAI: Insurance Regulatory and Development Authority of India (Irdai) introduced statutory caps on commissions and expenses of management (EoM) to put an end to commission-driven bidding wars and excessive upfront distributor payouts, ensuring cost efficiencies are directly passed on to policyholders through lower premiums, improved investment returns, and reduced…
Bagchi has spent most of his career inside the ICICI group. A chemical engineer from IIT Kanpur, he joined ICICI after an MBA in finance from IIM Bangalore. MUMBAI: For a bank that has long been a training ground for financial-sector talent, there is a certain symmetry in Anup Bagchi becoming the first outsider to…