whereby the exit price for voluntary delisting of securities is determined by the promoter of the concerned company which desires to get delisted, in accordance to book building process. The offer price has a floor price, which is average of 26 weeks average of traded price quoted on the stock...
Minimum capital adequacy ratio has been kept at 15% for a small finance bank and payment banks. It has been kept at 9% for local area banks and regional rural banks. According to the RBI’s circular, banks must compute dividends on the basis of the “dividend payout ratio”. Dividend p...
The RBI annually publishes the applicable guidelines for FFMC in the form of a master circular called the Memorandum of Instruction on Money Changing Activities. What are the Types of Money Changers? The different types of authorized money changers or dealers are the businesses granted Full ...
According to a circular issued by SEBI, the board will prohibit regulated entities, including market infrastructure institutions (MIIs) such as registered stock exchanges, clearing corporations, and depositories, from engaging with finfluencers involved in the following activities: Provide advice or recomm...
(b) It is further advised that where a bank has relied exclusively on any of these two documents, viz. NREGA job card or Aadhaar letter, as complete KYC document for opening of an account (ref. paragraph 2.4 (f) of this Master circular) the bank account so opened will also be ...
According to a circular issued by SEBI, the board will prohibit regulated entities, including market infrastructure institutions (MIIs) such as registered stock exchanges, clearing corporations, and depositories, from engaging with finfluencers involved in the following activities: ...
7. Finance Minister Nirmala Sitharaman addressed ADB’s Governors’ Seminar. She addressed the seminar on the theme ‘Policies to Support Asia’s Rebound’. The seminar was held as part of 56th ADB (Asian Development Bank) Annual Meeting in Incheon, South Korea. ...
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The circular contains specific deadlines for addressing company appeals of rating actions taken during the periodic rating surveillance. These changes will be applicable, with effect from August 01, 2024. The revised regulations require CRAs to notify companies of their ratings one working day following...
Based on the review of the earlier Master Directions, Circular and emerging issues, these revised Master Directions have been prepared. These Master direction are principle-based. They strengthen the role of the Board in overall governance as well as oversight of fraud risk management in REs. ...