Improve pricing of risk-based loans, RBI tells banks

Improve pricing of risk-based loans, RBI tells banks Deputy governor Vishwanathan calls for better standards of underwriting, timely enforcement of loan covenants Banks in India must improve pricing of loans based on risk assessment, a skill that would have helped them avoid non-performing assets, N.S. Vishwanathan, deputy governor of the Reserve Bank of India, said […]

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Sebi mulls review of graded surveillance measures to improve transparency

Sebi mulls review of graded surveillance measures to improve transparency The Securities and Exchange Board of India (Sebi) is reviewing the process to bring companies under the graded surveillance measure (GSM) with a view to improve transparency, said two people in the know. GSM aims to tackle the surge in stock prices of companies with […]

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SEBI to recover Rs 70 bn by auctioning 11 PAN card Clubs properties in Feb

SEBI to recover Rs 70 bn by auctioning 11 PAN card Clubs properties in Feb Pancard Clubs mobilised Rs 70.35 billion from 51,55,516 investors from 2002-03 to 2013-14 via many holiday schemes Looking to recover over Rs 70 billion of investors’ money, markets regulator Sebi has lined up as many as 11 properties of Pancard […]

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FDI norms tweak: Joint audits to boost Indian entities

FDI norms tweak: Joint audits to boost Indian entities Companies will now have to go for joint audits in caseaforeign investor insists on having an international auditor,amove that will provide a fillip to Indian audit entities. The government´s decision is seen as a significant step towards boosting the prospects of local auditing firms amid the […]

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Sebi knocks at PMO door on NPA disclosure rules

Sebi knocks at PMO door on NPA disclosure rules Regulator keen on implementing a revised proposal The Securities and Exchange Board of India (Sebi) has approached the Prime Minister’s Office (PMO) and the Ministry of Corporate Affairs (MCA) to look into its proposal mandating listed companies to make public disclosures within a day of loan […]

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MCA to review SEBI´s PW order

MCA to review SEBI´s PW order The corporate affairs ministry (MCA) will examine markets regulator Securities and Exchange Board of India´s (Sebi´s) order against audit major Price Waterhouse in the Satyam Computer Services case, Union MinisterPPChaudhary said on Thursday. On Wednesday, Sebi barred Price Waterhouse´s network entities from issuing audit certificates to any listed firm […]

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Officials back Dholakia´s objection to RBI´s growth assessment

Officials back Dholakia´s objection to RBI´s growth assessment As Advance Estimates by the statistics office for growth in gross value added (GV) came much below the Reserve Bank of India´s (RBI) projections for 201718, officials in the Central Statistics Office (CSO) point to an assessment by a Monetary Policy Committee (MPC) member who said the […]

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Sebi extends deadline for stockbrokers to set up records of client orders

Sebi extends deadline for stockbrokers to set up records of client orders Sebi has extended till 1 April deadline for stockbrokers to comply with the requirement of keeping evidence of every instruction given by clients for equity and equity derivative trades The Securities and Exchange Board of India (Sebi) on Thursday extended the deadline for […]

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