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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The RBI has concerns about the former Flipkart boss’s fitness to run a bank and so should SEBI on NSE’s plans to go public.
Editor's note: Ashwin here. First up, we have some exclusive news on Sachin Bansal’s banking dreams. There are problems. Three to be precise. Bansal, who is also busy preparing for Navi’s IPO, needs to sort these out before getting RBI’s approval. On the other hand, there is a strong case for market regulator SEBI to quash NSE’s IPO plan. The “yogi” episode should be the final straw in a long list of blunders by the exchange. Read on. Navi’s banking plans under scanner The Reserve Bank of India’s committee to screen new bank licence proposals is said to be harbouring concerns over an application by Sachin Bansal’s microfinance firm Chaitanya India Fin Credit for conversion to a universal bank. The committee is concerned that Bansal may not pass the fit and proper criteria and has apprehensions on his Navi group’s ownership of an insurance company, people aware of the matter said. Customer complaints over Navi’s mismanagement of personal data could also figure high in the central bank committee’s screening of Bansal’s application. Meanwhile, on 8 February, Entrackr reported that Navi had converted …
The RBI has concerns about the former Flipkart boss’s fitness to run a bank and so should SEBI on NSE’s plans to go public.
Editor's note: Ashwin here. First up, we have some exclusive news on Sachin Bansal’s banking dreams. There are problems. Three to be precise. Bansal, who is also busy preparing for Navi’s IPO, needs to sort these out before getting RBI’s approval. On the other hand, there is a strong case for market regulator SEBI to quash NSE’s IPO plan. The “yogi” episode should be the final straw in a long list of blunders by the exchange. Read on. Navi’s banking plans under scanner The Reserve Bank of India’s committee to screen new bank licence proposals is said to be harbouring concerns over an application by Sachin Bansal’s microfinance firm Chaitanya India Fin Credit for conversion to a universal bank. The committee is concerned that Bansal may not pass the fit and proper criteria and has apprehensions on his Navi group’s ownership of an insurance company, people aware of the matter said. Customer complaints over Navi’s mismanagement of personal data could also figure high in the central bank committee’s screening of Bansal’s application. Meanwhile, on 8 February, Entrackr reported that Navi had converted …
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A month on, CAS has only amplified volatility, manipulation and confusion rather than containing them.
Thinly traded listed entities have long served as breeding grounds for stock manipulation, hurting investors. The regulator, the NSE and BSE now want to fix things by focusing on efficient delisting.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
A month on, CAS has only amplified volatility, manipulation and confusion rather than containing them.
