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Banks racked up Rs 71,871 crore of notional bond losses in FY23, one-third of profits https://ift.tt/eVyHxa1 banks were to mark-to-market all bond portfolios including those they have committed to hold on to till maturity, a chunk of the stellar profits they recorded last year would have been eroded.

Government prohibits import of cigarette lighters under Rs 20 https://ifttt.com/images/no_image_card.png"The import policy of cigarette lighters...is revised from 'free' to 'prohibited'. However, import shall be free if CIF value is Rs 20 or above per lighter," the directorate general of foreign trade (DGFT) said in a notification. CIF value (cost, insurance, and freight) is a trade term used in international commerce to determine the total value of goods being imported.

SEBI's new norms promote transparency, accountability and investor confidence https://ift.tt/E3vfbGL has approved measures to strengthen the securities market and corporate governance of listed entities. These changes include allowing self-sponsored REITs and InvITs with board control or investment manager control. Unitholders with a 10% or higher holding in REITs or InvITs will have the right to nominate representatives on the boards. SEBI has also reduced the timeline for listing shares in public issues from T+6 days to T+3 days to expedite the listing process. Additionally, foreign portfolio investors will have to meet additional disclosure requirements to prevent violations of minimum public shareholding norms.

4 Bajaj stocks to trade ex-dividend on Friday. Do you own any? https://ift.tt/ynoAVBO ex-dividend date for stocks is usually set one business day before the record date.

Sri Lanka unveils domestic debt restructuring plan, asks foreign investors for a 30% haircut https://ift.tt/ynoAVBO island nation is asking foreign investors in its international sovereign bonds to take a 30% haircut and is seeking similar concessions from holders of its other dollar-denominated bonds as it seeks to restructure its massive debt, its central bank governor said on Thursday.

6 years of GST: Rs 1.5 trillion monthly tax revenues becomes 'new normal', focus on curbing tax evasion https://ift.tt/DrXWZKP Global Trade Research Initiative (GTRI) said the most critical pending GST reform is upgradation of GST Network to prevent fake supplies and fraudulent claims of Input Tax Credit (ITC).

Canara Bank, Equitas SFB among 9 banks that saw decrease in NPAs https://ift.tt/Ie9tCpA RBI noted in the latest edition of its Financial Stability Report released on Wednesday, scheduled commercial banks' net non-performing assets (NPA) ratio fell to a 10-year low of 3.9% in March 2023. Here's a list of 9 banks that saw a decrease in NPA in Q4FY23, as per Trendlyne data.