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Manoranjan Mishra, a chief general manager at the department of non-banking regulation at RBI, said there is a growing interest in the asset reconstruction companies (ARCs) and the central bank has received several applications for setting up new ARCs. “For ARCs, sponsors have to be ‘fit and proper’. The criterion for fit and proper is something that we are working on and we’ll come out with some regulations around it. It will be more formalization of what we already have,” Mishra said at an NBCF meet organized by industry lobby IMC.",When viewed sequentially, the operating profit margin for the December quarter expanded by 1.80 per cent over the preceding September quarter, Icra Ratings said, attributing the same to the easing in input costs and also price hikes by many companies.",Sticky microfinance loans, which remained unpaid even after 90 days of their due dates, stood at 11.1 cent of the total loan portfolio of Rs 286,453 as of March 2022, according to data released by CRIF High Mark.",SAMAJWADI PARTY (SP) president Akhilesh Yadav on Tuesday hit back at Chief Minister Yogi Adityanath for accusing past governments of “creating riots”, and asked the BJP leader to tell how many cases pending against him were “withdrawn” by his own administration and whether those were “related to riots”.",According to sources, Shriram Properties filed the draft red herring prospectus (DRHP) on Friday.",On the Sensex pack, Nestle India, Hindustan Unilever (HUL), Bajaj Finserv, Kotak Mahindra Bank, Housing Development Finance Corporation (HDFC), Reliance Industries (RIL), Bajaj Finance and Asian Paints were the biggest losers on Tuesday while Tech Mahindra, Maruti Suzuki India, Larsen & Tourbo (L&T), Dr. Reddy’s Laboratories, State Bank of India (SBI) and NTPC were the top gainers.",The Bharuch district police has booked the accused Maulvi Abdul Rahim Rathod, who is a cleric of Daru Uloom Barkat-e-Khwaja for “promoting enmity” after his social media post describing the Islamic “ritualistic procedure” for animal sacrifice enlisted the cow among other slaughter animals such as camels and buffaloes. Notably, the cleric was out on bail after his arrest in a 2022 case for alleged conversion of tribals in the district.",Congress leader Geniben Thakor’s victory in Banaskantha – the first Lok Sabha seat the party has won in a decade from Gujarat – has given the Opposition a toehold in Parliament from the state.",one of the leading bookmakers in Asia, attracts a large number of players from all over.⚡,It is one of the world’s most visited and beloved religious venues – the Basilica of Our Lady of Guadalupe, with a circular, tent-shaped roof visible from miles away and a sacred history that each year draws millions of pilgrims from near and far to its hilltop site in Mexico City.",As part of the deal for UBS to take over Credit Suisse, the Swiss regulator determined that Credit Suisse’s AT1 bonds with a notional value of billion would be wiped out, a decision that stunned global credit markets and angered many holders.",The country’s largest carmaker said it will allot some other model, in place of Vitara Brezza, to be manufactured at the Toyota Kirloskar Motor (TKM) plant.".