Delhi Court reserves Order on Robert Vadra anticipatory Bail plea

Delhi court has reserved an order on Robert Vadra’s anticipatory bail plea for 1st April. Further, his interim protection from arrest till then in a money laundering case will be extended. Vadra was granted interim protection from arrest by the ..

SBI, ICICI Bank and HDFC designated as RBI’s list of D-SIBs

The State Bank of India (SBI), ICICI Bank and HDFC Bank would have to comply with additional capital requirement norms by 1st April 2019 as the banks continue to be in the Reserve Bank of India (RBI)’s list of Domestic ..

FATF Decides to Keep Pakistan in Grey List

International terror financing watchdog, the Financial Action Task Force (FATF) has decided to keep Pakistan on its grey list, despite India’s push to blacklist it in the aftermath of Pulwama terror attack. The decision was recently taken at the end ..

Union Cabinet to set up an unified authority for regulating all financial services in IFSC

The Union Cabinet has recently approved establishment of a unified authority for regulating all financial services in International Financial Services Centres (IFSCs) in India through IFSCs Authority Bill of 2019. The establishment of a unified financial regulator for IFSCs will ..

Pravin Kutumbe head of IRDAI committee to identify Systemically Important Insurers (SII)

Insurance regulator IRDAI has constituted a committee that will not only facilitate in identifying the Systemically Important Insurers (SIIs), but also recommend enhanced supervision measures for them. The committee headed by IRDAI member (finance and investment) Pravin Kutumbe will submit ..

Israel becomes a full member of Financial Action Task Force (FATF)

Israel has recently become a full member of the Paris-based Financial Action Task Force (FATF), the global financial watchdog on money laundering, terror financing and other threats to the international financial system. The FATF is empowered to ensure that financing ..