T N Manoharan RBI committee for secondary market in corporate loans

The Reserve Bank of India (RBI) has constituted a six-member task force, headed by Canara Bank chairman T.N. Manoharan, on the development of secondary market for corporate loans. The terms of reference of the task force would include review of ..

Harsh Vardhan RBI committee to review mortgage securitisation

The Reserve Bank of India (RBI) has constituted a 6-member committee to review the existing state of mortgage securitisation in India and suggest measures to deepen it. The committee on the development of housing finance securitisation market, headed by Bain ..

Wirecard teams up with India to issue PAN cards

German payments company Wirecard has teamed up with India to simplify the process of issuing tax identity cards required to open bank accounts, transfer money or complete business transactions. The deal, with state company UTI Infrastructure Technology and Financial Services, ..

Kerala becomes first Indian state to list Masala Bond in overseas market

On May 17, Kerala became the first sub-sovereign entity in the country to access the international market by listing masala bonds issued through its off-budget mechanism – the Kerala Infrastructure Investment Fund Board (KIIFB). Chief Minister Pinarayi Vijayan has become ..

SBI becomes first Indian bank to link interest rates to RBI’s repo rate

The State Bank of India (SBI) has become the first bank in the country to link its saving and loan interest rates to the Reserve Bank of India (RBI)’s repo rate. The move assumes significance as the effective interest rate ..

LIC HFL unveils Udyam Centre in Bengaluru

Life Insurance Corporation Housing Finance (LIC HFL) has launched ‘Udyam’, a skilling center in Bengaluru. It was launched in association with Lok Bharti Education Society, the implementing partner. The Centres of Excellence will provide training to marginalised youth in the ..