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RBI circulated updated guidance note for banks, NBFCs

The Reserve Bank of India (RBI) has updated its “Guidance Note” on operational risk management for the financial sector, and extended it to non-banking financial companies (NBFCs), including housing finance companies. Only commercial banks were included in the 2005 ‘Guidance Note on Operational Risk Management’. RBI said all regulated entities (REs) in India should implement…

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Weather Update: IMD issues heatwave alert for Bengal, Odisha; Possibility of rain

The India Meteorological Department (IMD) has issued a ‘red alert’ (heatwave) for Odisha and West Bengal, ‘orange alert’ for Bihar and Jharkhand and ‘yellow alert’ for eastern Uttar Pradesh and northern parts of Kerala. In view of the ongoing scorching heat in many states. According to the weather department, the heatwave conditions are likely to…

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SEBI finds Adani’s offshore investors guilty of violating disclosure rules: Report

India’s markets regulator found that 12 offshore funds investing in Adani Group companies violated disclosure rules and exceeded investment limits, Reuters reported. In August last year, Reuters had initially revealed that Sebi had detected violations of rules regarding disclosures by listed entities and restrictions on offshore fund holdings. Additionally, the regulatory authority was investigating links…

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