Penalties Soar as RBI Intensifies Scrutiny of Banks and NBFCs   The Reserve Bank of India (RBI) has ramped up its scrutiny of banks, non-banking financial companies (NBFCs), and other regulated entities, leading to a significant increase in penalties. According to data compiled by Mint, the RBI has imposed penalties amounting to ₹71.4 crore across 56 cases so far this year, compared to ₹26 crore in fines across 34 cases for the entire previous year. […]

Why Retail Investors Should Count on SEBI-Registered Investment Advisors   As a patient is advised to visit a doctor for proper diagnosis instead of relying on self-diagnosis and a malfunctioning electrical connection needs an electrician for service, an investor who intends to invest in mutual funds and securities is encouraged to seek the services of a SEBI-registered investment advisor (RIA). Most young investors are inclined to follow unsubstantiated advice from influencer personalities on social media […]

SEBI to Propose New Delisting Rules to Enhance Transparency and Trust in the Stock Market   Introduction The Securities and Exchange Board of India (Sebi) is set to propose a review of its regulations for delisting stocks to ensure transparency and trust in the stock market. During a recent conference, Sebi chairperson Madhabi Puri Buch announced that a consultation paper has already been circulated, and the board will discuss the proposal in its next meeting. […]

New NPS Withdrawal Rules Explained: What Has Changed Now?   As new NPS withdrawal rules come into effect, subscribers can now enjoy the flexibility of receiving regular payments instead of withdrawing their entire investment as a lump sum from the National Pension System (NPS). The Pension Fund Regulatory and Development Authority (PFRDA) has introduced a systematic lump sum withdrawal facility to empower NPS subscribers with greater control over their funds.     Revised NPS Withdrawal […]

Health insurance: Nationwide Unified Cashless Network and Fully Cashless System Set to Launch in Health Insurance   Introduction The Insurance Regulatory and Development Authority of India (IRDAI) is working with industry stakeholders to introduce two significant changes to health insurance policies in India. According to a report by The Economic Times, these changes include the establishment of a unified network of hospitals for all health insurance policies offered by any health or general insurance provider […]