Category: Factly – Indian Economy

News: The Reserve Bank of India has granted AU Small Finance Bank a universal banking license, the first in a decade, potentially paving the way for other small finance banks to transition. RBI Grants AU Small Finance Bank Universal License, First in a Decade The license was given under the RBI’s ‘on tap’ licensing guidelines… Continue reading RBI Grants AU Small Finance Bank Universal License, First in a Decade

News: The Reserve Bank of India (RBI) has issued revised guidelines to strengthen the co-lending framework between banks and non-bank financial companies (NBFCs). RBI Tightens Co-lending Norms Co-lending: It is a brilliant example of financial teamwork where two financial institutions, like a big bank and an NBFC, team up to give out loans together. It… Continue reading RBI Tightens Co-lending Norms

News: Mahindra to gift Rs. 500 cr. in company stock to over 14,000 workers as Diwali bonus through Restricted Stock Units (RSUs), a form of employee stock option plan (ESOP). About Employee Stock Option Plan (ESOP) An Employee Stock Option Plan (ESOP) is a benefit scheme where companies offer employees the right to buy shares… Continue reading Employee Stock Option Plan (ESOP)