Risk Management

RBI offers on-tap licence to small finance banks, doubles minimum capital requirement to Rs 200 cr

The RBI has also allowed any resident individuals/professionals, singly or jointly, having at least 10 years of experience in banking and finance at a senior level to set up small finance banks.

DHFL lessons for shadow banks: Turning blind eye to risk management for quick growth makes profit-hungry NBFCs vulnerable

CRISIL downgraded DHFL commercial paper worth Rs 850 crore too on account of the weak liquidity condition of the company.

Ashok Kapur family ready to dilute stake in Yes Bank, says issues of governance, transparency full dealt with

Gogia, who was recently inducted to the Yes Bank board, also said her family was fine with lowering their shareholding below the present 8.33% in case a big investor comes on board .

Religare to sell entire stake in NBFC arm to TCG Advisory Services for Rs 330 cr; signs share purchase agreement

Religare Enterprises (REL) in the filing said that a share purchase agreement has been signed with TCG for selling stake in Religare Finvest Ltd (RFL)

HDFC Bank refused loans to Vijay Mallya; need to separate friendships from banking, cautions MD, CEO Aditya Puri

Aditya Puri cited how his bank turned down a loan request from the now-fugitive businessman Vijay Mallya

Reserve Bank of India asks NBFCs with assets over Rs 5,000 cr to appoint risk officers with fixed tenure

This is being done to augment risk management practices in view of the increasing role of NBFCs in direct credit intermediation

Extended trading hours, unified bourses to remain a plan for now, says Sebi; exchanges haven't come up with concrete plans for both

On 4 May the Sebi had allowed exchanges to extend trading time for equity derivatives till 11.55 pm from 1 October. The move is part of its efforts to enable integration of stocks and commodities trading on a single exchange.

New tool developed to predict landslides, building collapses 2 weeks in advance

The tool reads ground motion patterns and forecast landslides up to two weeks in advance.

Harshad Mehta to Vijay Mallya to Nirav Modi: Lessons NOT learnt by India’s incompetent public sector banks

In a hurry to garner business, PSUs conveniently forgot the golden rules of the game and looked at the celebrity status of borrowers like Mallya and Modi rather than at their assets against the loan.

Fear Of Cyberattacks Makes Enterprises More Vulnerable: Gartner

Fear of attack is causing security professionals to shift focus away from disciplines such as enterprise risk management and risk-based information security to technical security.