The Confederation of ATM Industry has said the regulatory changes will make it impossible for ATM service providers to meet the cost of compliance. The ATM industry thinks there is no option but for banks to step in to bear the load.
The Department of Investment and Public Asset Management (DIPAM) has invited expression of interest (EoI) from merchant bankers and brokers for managing the offer for sale (OFS) of GIC and New India Assurance.
At the nine-hour board meeting, one of the longest in recent years, the RBI agreed to work out a loan restructuring scheme for SMEs for a loan exposure of up to Rs 25 crore in line with the advice of the board.
Retail investors pumped over Rs 15,700 crore into SIPs of mutual funds in the last two months even as the markets showed huge swings, according to data from the Association of Mutual Funds in India (Amfi).
Liquidity squeeze facing non-banking financial companies is at the root of the ongoing conflict between govt and RBI. What triggered the crunch, where do RBI and govt differ on bailout, and what lies ahead?