The Reserve Bank of India issued a circular on 30th September 2024 titled, âGold Loans â Irregular Practices Observed in Grant of Loans Against Pledge of Gold Ornaments and Jewellery.â The instructions are for all banks and...
The Government of India, Ministry of Finance, vide their Letter No: F.No.7/93/2024-BOA-I dated 13.12.2024 under the subject: Stakeholder Consultation on Draft Bill to Curb Unregulated Lending Activities â reg., has asked states, ministries, RBI,...
Indiaâs economy is facing a mix of opportunities and challenges.
There is a euphoria around the âtax bonanzaâ offered to the middle classes in this yearâs Budget. The proposal of no tax for those with annual income up to Rs 12 lakh has been...
I remitted some money using GPay recently. There were many people with the same name, and erroneously the money went to the wrong account of one Arjunan. When the actual Arjunan to whom the...
A recent investigation by The Indian Express revealed that over 43% of the total non-performing assets (NPA) till March 2019, or Rs. 4.02 lakh crore, was accounted for by just 100 companies. According to...
The Mepadi landslide in Wayanad, Kerala, July 30, 2024, is one of the largest in the country, in terms of debris flow of nearly six million cubic metersâenough to fill 2,400 Olympic-sized swimming pools....
The Hindenburg report had accused the Adani Group of using shell companies in Mauritius for laundering money. But the Indian government staunchly defended the corporate giant. The Financial Action Task Force, a Paris-based global...
A new ecosystem based on loan apps has mushroomed across Indiaâs financial landscape over a decade, preying on those abandoned by the formal banking sector. The Reserve Bank of India (RBI) recently imposed a...
The Reserve Bank of India released a new draft of the project finance framework in May. To address risks and impacts, it must integrate social and environmental considerations, writes the author of this commentary.
âCivil society organisations urge RBI to incorporate environmental, climate and social considerations in the project finance framework!â
In a globalised context, insufficient disclosure of climate risks may diminish a bankâs attractiveness to international investors.
The CFA emphasised the critical need to empower shareholders, customers, and the general public with comprehensive information on the climate crisis's impact on FI investments.
Says clarity and specificity are needed to ensure effective implementation and compliance with disclosure requirements.
The âDraft Disclosure Framework on Climate-Related Financial Risksâ released by RBI in February
