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RBI details new norms for FPI investment

Foreign Portfolio Investors or FPI can invest in the primary issues of non-convertible debentures or bonds by a public company issued in demat form,...

Lenders acquire 55% stake in GMR Rajahmundry Energy

GMR Infrastructure in a filing to the BSE said, "The consortium of lenders of GREL (GMR Rajahmundry Energy) have adopted the Strategic Debt Restructuring...

United payments system to make mobile wallets redundant: Report

The ongoing push by the Reserve Bank to revolutionize banking through the Unified Payments Interface (UPI) will leave mobile wallets redundant, as mobile banking...

RBI releases draft framework for account aggregator companies

The Reserve Bank of India (RBI) on Thursday released a draft regulatory framework to allow the entry of a new kind of non-banking finance...

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