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    • Emirates NBD, Fairfax, Kotak Bank, Oaktree likely to bid for IDBI Bank

      According to sources, financial bids for IDBI Bank is likely to be sought in October. Kotak Mahindra Bank said to have renewed its interest in the bidding process, extensive diligence underway.

    • IDBI Bank receives RBI's 'fit and proper' nod, bidders to start due diligence soon: CNBC-TV18

      It is expected that Centre may call the financial bids for IDBI Bank before the end of the financial year.

    • Sebi’s proposals will usher in far-reaching changes

      Sebi has taken some major decisions, assuaged demands, and tweaked some areas. But as of now, we only know the broad specifics. We’ll have to wait for the fine print

    • Sebi issues norms to simplify broker registration process

      The new norms would do away with the current system that require stock brokers to get separate registration certificates from Sebi for every market segment they trade in, like equity, equity derivatives and currency derivatives.

    • Will act if Fin Tech breaches fit-and-proper norms: Sebi

      Sebi's comment comes a day after Financial Technologies' auditor, Deloitte Haskin & Sells, announced that the company‘s FY13 accounts should not be relied upon.

    • NSEL, FinTech 'fit and proper' status under scanner: Srcs

      The Arvind Mayaram panel will be submitting its report on the national spot exchange (NSEL) on Saturday. Sources say that the 'fit and proper' status of the promoters of NSEL and Financial Technologies is under the scanner.

    • FMC finds fraud in NSEL; 'fit & proper' status under risk

      While the RBI is examining whether NSEL can be considered as an NBFC or not, Sebi is examining whether the NSEL's scheme can be considered a ponzi scheme.

    • FMC examines 'fit & proper' status of NSEL promoters

      According to the report the FMC has submitted to the enforcement directorate (ED), NSEL has violated several spot exchange conditions laid down in the revised notification issued on spot exchanges.

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