Indian Financial Services Lead 41% Surge in Overseas Investment
RBI data shows Indian overseas direct investment rose 40.8% to Rs 16.71 lakh crore, with financial services accounting for a significant 16.2% share of the total stock.
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RBI and Banks Address ECL Implementation Gaps
Lenders seek clarity on excess provisions, agricultural loan cycles, and investment valuations ahead of the November 12 RBI consultation on Expected Credit Loss framework.
Read articleKotak Mahindra Bank Secures CCI Approval for Deutsche Bank Portfolio
The Competition Commission of India has approved Kotak Mahindra Bank's acquisition of Deutsche Bank India's retail and private banking businesses via a slump sale.
Read articleIRDAI Mandates Four-Layer Motor Insurance Structure by December 15
IRDAI introduces a mandated four-layer motor insurance structure effective December 15, requiring insurers to recalibrate digital onboarding and distribution workflows.
Read articleBanks De-risk Microfinance Portfolios as NBFC-MFIs Gain Dominance
CRIF High Mark data reveals a significant shift in the microfinance landscape as banks reduce their market share to 21.8%, ceding ground to specialist NBFC-MFIs.
Read articleRBI Mandates Six-Hour Cyber Incident Reporting for Payment Operators
The RBI has tightened cybersecurity norms for non-bank payment system operators, mandating board-level oversight and a strict six-hour window for reporting security incidents.
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