Fairfax India, a country-specific private-equity style investment firm, has wrapped up an exit from an eight-year-old portfolio company with multi-bagger returns.
This comes after the PE firm, which ..
RBI Governor Shaktikanta Das emphasizes the responsibility of financial institutions in handling public funds. Recent actions against entities like Paytm, IIFL Finance, and JM Financial highlight regulatory scrutiny. S&P lauds RBI s governance efforts but warns of higher capital costs due to stringent measures. Regulatory focus intensifies on compliance, customer protection, and risk mitigation.
IIFL Finance to acquire Rs 284 crore worth NSE shares from FIH Mauritius Investments businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
IIFL Finance Ltd. has received approval from National Stock Exchange of India Ltd. to acquire shares aggregating up to Rs 284.4 crore of the bourse from a Fairfax India Holdings Corp-backed company.
S&P Global Ratings highlights the Reserve Bank of India s (RBI) commitment to enhancing governance and transparency in India s financial sector. The RBI s recent measures aim to mitigate lenders exuberance, improve compliance, and protect consumers, albeit at the expense of higher capital costs for institutions. Regulatory actions include curbing lending activities and stringent penalties for breaches, signaling a departure from nominal penalties.