According to media reports, Aditya Birla Capital will lower its stake in the fund house to 45 per cent, while Sun Life AMC could trim it down to 30 per cent. While the former currently owns a 49.99 per cent stake, Sun Life (India) AMC Investments has a 36.48 per cent stake
This article was originally published on September 29, 2015: A series of ponzi schemes, many of which were linked to plantation schemes, including teak plantations, promised investors very attractive returns. How did they work? What was the government's response?
According to the report released by the Reserve Bank of India (RBI), the Indian banking system and NBFCs remain resilient and sound backed by a high capital adequacy ratio, , Non-Banking Financial Companies (NBFCs), Reserve Bank of India (RBI), banks
However, considering that certain clarifications and additional time has been sought by some regulated entities (REs) to reconfigure their internal systems and operationalize the circular, it has been decided to extend the timeline for implementation of the instructions by three months: RBI
Sebi wants to allow pledging for legitimate purposes, particularly in cases such as infrastructure, , Alternative Investment Fund (AIF), reserve bank of india, Non-Banking Financial Companies (NBFCs), banks