Banks have become the single largest borrowing source for non-banking financial companies (NBFCs) and the rising interconnectedness between the two sets of lenders may pose contagion risk going ahead, Reserve Bank of India (RBI) deputy governor (DG) Swaminathan J said in a panel discussion at State Bank of India’s (SBI) 2023 banking conclave on Thursday. […]
The Securities and Exchange Board of India on Wednesday allowed the stock exchanges to extend the direct market access (DMA) facility to FPIs for participation in exchange traded commodity derivatives (ETCDs), subject to conditions. The regulator made the decision after receiving inputs from its commodity derivatives advisory committee. The new provision would come into force […]
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