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Transfer of Mutual Fund Folios/AUM of Karvy Stock Broking Limited

Sep 24, 2021

This is further to the public notice issued on September 10, 2021 inviting bids from eligible bidders for the transfer of Mutual Fund (MF) folios/Asset Under Management (AUM) held by Karvy Stock Broking Limited, as a MF distributor with AMFI Registration Number (ARN)-18, through a formal bidding process. Based on the representations received by…

RBI imposes monetary penalty on Apna Sahakari Bank Ltd., Mumbai

Sep 24, 2021

The Reserve Bank of India (RBI) has, by an order dated September 23, 2021, imposed a monetary penalty of ₹79.00 lakh (Rupees seventy-nine lakh only) on Apna Sahakari Bank Ltd., Mumbai (the bank) for non-compliance with directions issued by…

Business

Master Directions on “Transfer of Loan Exposures” and “Securitisation of Standard Assets”

Sep 24, 2021

The Reserve Bank of India has today issued the following Master Directions: Reserve Bank of India (Transfer of Loan Exposures) Directions, 2021 Reserve Bank of India (Securitisation of Standard Assets) Directions, 2021 It may be…

Business

Result of the 4-day Variable Rate Reverse Repo auction held on September 24, 2021

Sep 24, 2021

Result of the 4-day Variable Rate Reverse Repo auction held on September 24, 2021 Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 87,883 Amount…

Business

Result of the 14-day Variable Rate Reverse Repo auction held on September 24, 2021

Sep 24, 2021

Result of the 14-day Variable Rate Reverse Repo auction held on September 24, 2021 Tenor 14-day Notified Amount (in ₹ crore) 4,00,000 Total amount of offers received (in ₹ crore) 3,44,515…

Business

Sensex scales historic 60K-mark; Nifty tops 17,850

Sep 24, 2021

Mumbai, Sep 24: Equity benchmark Sensex jumped 163 points to end above the 60,000-mark for the first time ever on Friday, led by strong gains in HDFC Bank, Infosys and Asian Paints. The 30-share BSE index rose 163.11 points or 0.27…

National

Government Notifies PLI Scheme for Automobile & Auto components

Sep 24, 2021

The Government has issued Notification regarding Production Linked Incentive (PLI) Scheme for Automobile & Auto components. The PLI Scheme for Automobile & Auto components and its Guidelines have been notified in the Gazette of…

Business

Results of Underwriting Auctions Conducted on September 24, 2021

Sep 24, 2021

In the underwriting auctions conducted on September 24, 2021 for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to…

New Delhi

New technology and Government schemes directly benefiting farmers: Narendra Singh Tomar, Minister of…

Sep 24, 2021

NEW DELHI, 24 September 2021: Narendra Singh Tomar, Minister of Agriculture & Farmers Welfare, said that farmers are getting direct profits from new technology and various policies of the government in the country. As way of example,…

New Delhi

Augmented transparency; enhanced efficiency; facilitating ease of business and building economies of…

Sep 24, 2021

NEW DELHI, 24 September 2021: BB Swain, Secretary, Ministry of Micro, Small & Medium Enterprises, Government of India said that the significance of MSMEs in the Indian economy is evident from their contribution in terms of various…

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