Angel Funds Detailed Guide | Entering the World of Angel Funds Fund Management Entities (FMEs), be it an Authorised FME, Registered FME (Non-Retail), or Registered FME (Retail), possess the ability to launch an Angel Fund or an Angel Scheme. In the diverse landscape of investment strategies, Angel Funds forge an essential path towards wealth generation and financial stability. Defining the Angel Investor Angel Fund investments accept commitments from Angel Investors. These investors are defined by […]

RBI’s Circular on Investment in AIFs: Addressing Compliance Challenges The Reserve Bank of India (RBI) recently issued a circular that could pose both practical challenges and concerns regarding compliance for regulated entities (REs) engaging in investments in Alternative Investment Funds (AIFs). RBI’s Intent: Managi ng “Evergreening” Concerns RBI’s concerns surrounding the practices of loan “evergreening” by REs, including Non-Banking Financial Companies (NBFCs), are indeed justified. The circular is specifically designed to restrict structures permitting REs […]

Introduction: The Union finance ministry has recently addressed speculation regarding potential mergers between public sector banks such as UCO Bank with Union Bank of India and Bank of India with Bank of Maharashtra. The speculation was initially sparked by the ministry’s letter regarding the parliamentary committee meeting, but the ministry has since clarified that the discussions will focus on regulatory mechanisms in a post-merger scenario, not potential bank mergers. This way Finance Ministry Clarifies Parliamentary […]

How to Claim Unclaimed Money in SBI FD, RD, or Savings Account Have unclaimed money in your FD, RD, or savings account with State Bank of India (SBI)? In this article, we will explain the process of claiming these deposits and provide valuable information to help SBI customers recover their unclaimed funds. Unclaimed Deposits From SBI | FD, RD, Saving Account Understanding Unclaimed Deposits from SBI After a period of inactivity or maturity, balances in […]

Budget 2024: Banking Sector Awaits Boost from Vote on Account Banking Sector’s Expectations from Vote on Account On February of next year, Union Finance Minister Nirmala Sitharaman will present a vote on account for Budget 2024. The banking industry is expecting a boost in existing schemes but unlikely to introduce any major regulatory change. Sitharaman during her recent clarification mentioned that citizens should not anticipate big announcements from the vote on account budget, though reports indicate […]