SEBI to review delisting rules and simplify capital market processes

SEBI to review delisting rules and simplify capital market processes


SEBI will review its delisting framework to make capital market exits smoother and more efficient, chairman Tuhin Kanta Pandey said.
| Photo Credit:
FRANCIS MASCARENHAS

India’s markets regulator will review its
delisting framework in an effort ​to ease capital market
processes, its chairman said ‌at a summit on Friday.

* “A well-developed ​capital market must provide fair ⁠entry
and fair exit,” chairman Tuhin Kanta Pandey said.

* The Securities and Exchange Board of ‌India (SEBI) has
rolled out a series of reforms over the last few ‌years to make
the country’s capital ‌markets ⁠more efficient and attractive to
investors, ⁠including faster trade settlements and streamlined
registration for foreign investors.

* In 2024, the regulator permitted the delisting ​of
companies via a ‌fixed-price route, where shareholders are
offered a pre-set exit price. The mechanism serves as an
alternative to the reverse book-building ‌process, which
determines the exit price through ​investor bids.

* The regulator also approved a voluntary delisting
framework last year ⁠for public sector companies where
controlling shareholders owned more than 90%.

* SEBI will also ‌work with other regulators to simplify
know-your-customer rules for non-resident Indians, Pandey said.

* Concurrently, the watchdog is reviewing the rules of the
Innovators Growth Platform (IGP) for startups to help companies
better access the ‌markets for long-term capital.

* The platform was introduced ​in 2016 as the Institutional
Trading Platform to help startups raise ⁠funds and list on stock
exchanges, but stringent ⁠eligibility and lock-in rules limited
interest.

* It was revived as the IGP ‌in 2018, with further
relaxations in 2019 and 2021 to encourage listings.

Published on June 12, 2026



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Broker’s call: Rainbow Children’s (Buy)

Broker’s call: Rainbow Children’s (Buy)


PL Capital

Target: ₹1,700

CMP: ₹1,363.65

Rainbow Children’s Medicare delivered modest EBITDA growth of 11 per cent CAGR over FY23-26, reflecting the absorption of about 780 beds added during its aggressive expansion cycle, which has now largely concluded.

The company continues to benefit from industry-leading margins, strong FCF generation, a net cash balance sheet, and healthy return ratios, aided by its asset-light hub-and-spoke model, unique position as India’s only integrated multi-specialty pediatric healthcare platform, and differentiated full-time doctor engagement model.

The slowdown in FY26 was largely driven by seasonal headwinds and start-up losses of new bed commissioning.

Recently, Rainbow has strengthened its growth engine through leadership appointments, including a new CEO, Chief Growth Officer and hiring new clinical talents with more focus on tertiary and quaternary cases.

This will aid better clinical mix and help them to reduce dependence on seasonality.

Overall, we expect mature unit’s occupancy to normalize toward 56-58 per cent in FY28 from current level of 51 per cent. Further upside is expected from the gradual ramp-up of the international patient business.

With newly commissioned capacities entering the ramp-up phase and occupancy levels expected to improve, we forecast Pre IND-AS EBITDA growth of 20 per cent CAGR over FY26–FY28E.

We recommend ‘Buy’ rating with TP of ₹1,700/share, based on 26x FY28E Pre-IND-AS EV/EBITDA.

Published on June 12, 2026



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Broker’s call: Equitas SFB (Add)

Broker’s call: Equitas SFB (Add)


Target: ₹77

CMP: ₹75.53

We attended Equitas Small Finance Bank’s analyst day, and management commentary indicates that the bank is entering the next phase of its evolution after several years of portfolio diversification, liability franchise build-up and technological investments.

The transformation of the loan book is the most important takeaway from the analyst day. MFI exposure has reduced from over 50 per cent at the time of bank conversion in FY17 to about 10 per cent currently, whereas secured portfolio has increased to around 88 per cent. Growth is increasingly driven by SBL, affordable housing, vehicle finance and gold loans.

Management expects further gains from current accounts, affluent banking, NRI banking and cross-sell initiatives while technological investments and AI-led processes should support operating leverage. However, deposit mobilisation remains the most critical execution variable as sustaining about 20 per cent loan growth and achieving management’s profitability aspirations will require continued improvement in liability productivity and funding costs.

That said, deposit mobilisation and execution on profitability targets are the key areas to monitor. We are increasing FY27E/28E EPS by +4/5 per cent and the target FY28E P/BV to 1.2x (from 1x), yielding a revised TP of ₹77 (earlier ₹65). We are, hence, upgrading Equitas to Add (from Reduce)

Published on June 12, 2026



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APEDA releases SOP on rice export to China, orders for immediate compliance

APEDA releases SOP on rice export to China, orders for immediate compliance


APEDA has issued a new SOP for rice exports following China’s rejection of non-basmati consignments over alleged GMO (genetically modified organisms) contamination. It has begun to enforce the new procedures from Tuesday (June 9). Keen to protect its footprint in a lucrative neighbouring market that shows strong demand for Indian broken rice, the trade body is acting to cushion the sector against falling export volumes in parts of Africa.

In a notice on June 8, APEDA general manager Vinita Sudhanshu said that in order to ensure compliance with the sanitary and phytosanitary requirements for the export of rice to China, a procedure has been developed for the guidance of exporters and other stakeholders.

“The procedure shall come into effect for all RCAC applications received by APEDA from June 9 onwards and shall be applicable to all rice consignments intended for export to China,” she said asking exporters to ensure compliance with the prescribed requirements.

Africa saturated

Welcoming the issuance of the standard operating procedure (SOP), The Rice Exporters Association President B V Krishna Rao said China is an important market as Africa is saturated to meet its concerns of GMO. However, speaking to businessline, Rao said that the export contracts already concluded and shipments presently under execution should be allowed to continue until July 31 as a transitional arrangement under the new system. He suggested the SOP may be implemented from August 1 to provide sufficient time to exporters.

At the meeting of the Non-Basmati Rice Development Fund (NBDF) in May last week, a section of exporters said that some African countries such as Senegal, Burkina Faso, Benin and Sudan have taken restrictive measures to reduce rice imports, which has adversely impacted Indian non-Basmati rice, sources said.

APEDA Charman Abhishek Dev, while addressing the NBDF committee, asked rice exporters to represent at African trade events independent of APEDA’s participation, the sources said. Dev also stressed on the need to diversify rice exports toward high-potential markets such as the Philippines, Indonesia, and China, where India’s share is yet to reach its true potential. Exporters need to incentivise farmers to grow the varieties demanded in these destinations, he said.

Unrelenting China

When some exporters raised the issue of rejection of consignments by China, Dev told them that meeting with General Administration of Customs of the People’s Republic of China (GACC) has been held and in that meeting APEDA clarified that India is a non-GMO country for rice. India also shared with GACC confirmation by ICAR and GEAC that there is no availability of GMO rice seeds, nor any commercial cultivation of GM rice in India was ever allowed.

But, industry sources said that since China did not budge from its stand, India had issued the SOP to get a testing done for GMO so that a uniform procedure is followed by all exporters.

According to the SOP, the export of rice to China shall be allowed only from the rice mills/processing units registered with Directorate of Plant Protection, Quarantine and Storage (DPPQS), in accordance with the 2016 Order. The DPPQS under the Department of Agriculture and Farmers Welfare registers the rice mills/processing units for export to China. Indian exporters are also mandated to either register with GACC or have to source rice only from GACC-registered facilities.

APEDA has also stipulated that exporters shall continue to obtain Phytosanitary Certificate issued by DPPQS prior to export to China. “Export consignments of rice shall be allowed to be shipped to China only after testing by laboratories recognized by APEDA having scope of accreditation for GMO analysis in rice,” it said.

Surging exports

Exporters shall have to apply to recognised laboratories for drawing and testing of samples for GMO analysis under a specific format. After sampling, the lot shall not be shifted/relocated by the processing unit or exporter to another location, it said.

Only after conformity of the sample, the exporter will apply for the Registration-cum-Allocation-Certificate (RCAC) by submitting the Certificate of Analysis to APEDA.

India had exported 315,193 tonnes worth $103.90 million (Rs 922.15 crore) of non-basmati rice to China in 2025-26, against 180,805 tonnes worth $79.43 million (Rs 677.87 crore) in 2024-25. As China had restrictions on Indian rice through non-tariff barriers, the export was less till 2019-20 – only 567 tonnes in 2019-20, but it surged to 331,571 tonnes in 2020-21 after it removed those curbs.

Published on June 12, 2026



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The Latest Home Loan Interest Rates: Jun 12, 2026

The Latest Home Loan Interest Rates: Jun 12, 2026


What are the various fixed and floating interest rates on offer for home loans today? Let’s take a comprehensive look at interest rates across banks and housing finance companies.

Institution Loan amount
Under
 Rs. 30 lakh
Rs. 30 to
75 lakh
Rs. 75 lakh Plus
BANKS (Floating rates)
Axis Bank 8.0-9.10 8.0-9.10 8.0-9.10
Bank of Baroda 7.20-8.95 7.20-8.95 7.20-8.95
Bank of India 7.10-10 7.10-10 7.10-10
Bank of Maharashtra 7.10-9.65 7.10-9.65 7.10-9.65
Canara Bank 7.15-10 7.10-10 7.05-9.90
Central Bank 7.10-8.75 7.10-8.75 7.10-8.75
DBS Bank <=8.70 <=8.70 <=8.70
Dhanlaxmi Bank >=7.65 >=7.65 >=7.65
Federal Bank 7.30-9.50 7.30-9.50 7.30-9.50
HDFC Bank 7.75-13.20 7.75-13.20 7.75-13.20
ICICI Bank >=7.50 >=7.50 >=7.50
Indian Bank 7.15-8.55 7.15-8.55 7.15-8.55
IOB 7.10-8.20 7.10-8.20 7.10-8.20
IDBI Bank 7.35-11.95 7.35-11.95 7.35-11.95
J&K Bank >= 7.25 >= 7.25 >= 7.25
Karnataka Bank 7.47-11.70 7.47-11.70 7.47-11.70
Karur Vysya Bank 8.50-10.65 8.50-10.65 8.50-10.65
Kotak Mahindra Bank >=7.60 >=7.60 >=7.60
Punjab National Bank 7.25-9.10 7.20-9.10 7.20-9.0
Punjab & Sind Bank 7.30-10.70 7.30-10.70 7.30-10.70
RBL Bank >= 9.0 >= 9.0 >= 9.0
State Bank of India 7.25-8.45 7.25-8.45 7.25-8.45
South Indian Bank >=7.20 >=7.20 >=7.20
Tamilnad Mercantile Bank 7.90-9.30 7.90-9.30 7.90-9.30
UCO Bank 7.0-9.25 7.0-9.25 7.0-9.25
Union Bank of India 7.15-9.35 7.15-9.35 7.15-9.35
Yes Bank >=8.65 >=8.65 >=8.65
BANKS (Fixed rates) 
Axis Bank 14.00 14.00 14.00
Bank of Baroda 8.90-9.95 8.90-9.95 8.90-9.95
Canara Bank 8.50-10.75 8.50-10.75 8.50-10.75
ICICI Bank 8.90-11.20 8.90-11.20 8.90-11.20
IDBI bank 10.90-12.0 10.90-12.0 10.90-12.0
Indian Bank 9.20-9.40 9.20-9.40 9.20-9.40
Karnataka Bank 12.27-12.99 12.27-12.99 12.27-12.99
Punjab National Bank 8.25-10.60 8.20-10.60 8.20-10.50
Union Bank of India 11.4 11.4-12.4 12.4-12.65
HOUSING FINANCE COMPANIES (Floating rates)
Floating Rates: 
Tata Capital >=7.50 >=7.50 >=7.50
PNB Housing 7.75-10.05 7.60-10.05 7.50-9.95
Central Bank Housing 10-12.85 10-12.85 10-12.35
Samman Capital >=8.75 >=8.75 >=8.75
Aditya Birla Housing Fin >=7.75 >=7.75 >=7.75
Bajaj Finserv 7.25-20 7.25-20 7.25-20
GIC Housing Finance Ltd >=8.80 >=8.80 >=8.80
Sundaram Home Finance Ltd* >=10.65 >=10.65 >=10.65
Piramal Finance Limited >=9.99 >=9.99 >=9.99
IIFL Home Finance >=8.75 >=8.75 >=8.75
LIC Housing Finance Ltd 7.15-9.65 7.15-9.75 7.15-10.10
HOUSING FINANCE COMPANIES (Fixed rates)
LIC Housing Finance Ltd 10-10.25 10-10.25 10-10.25

Compiled by BankBazaar.com from respective bank’s website as on the date mentioned above. Note that fixed interest rates may be subject to a revision after a specified tenure depending on the bank’s T&Cs.

Some banks/FIs allow fixed rate only for a definite period and thereafter prevailing floating rates are made applicable. *Annual percentage rate; ^For Bureau Score 751 and above



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The Latest Home Loan Interest Rates: Jun 12, 2026

The Latest Fixed Deposit Interest Rates: Jun 12, 2026


A fixed deposit is a trusted way to maintain liquidity and earn an assured rate of return on the capital. Interest rates vary from one bank to another. Let’s take a comprehensive look at the interest rates on offer today.

Bank <1
year
1 to 2
years
2 to 3
years
3 to 5
years
w.e.f
FOREIGN BANKS
DBS Bank 6 6.85 6.4 6.4 May 06
Deutsche Bank 5 7 6.25 6.25 Jul 25
HSBC 4.1 5.5 5.35 5.5 Jul 17
Standard Chartered 5.75 6.6 6.5 6.5 Aug 29
INDIAN: PUBLIC SECTOR BANKS
Bank of Maharashtra 5.25 6.65 5.25 5 May 27
Bank of Baroda 6 6.6 6.5 6.4 Jun 12
Bank of India 5.5 6.6 6.7 6.25 May 18
Canara Bank 5.5 6.6 6.25 6.25 Mar 17
Central Bank of India 6.5 6.7 6.25 6 Jun 10
Indian Bank 4.75 6.8 6.75 6.05 Jun 05
Indian Overseas Bank 5.5 6.6 6.4 6.1 May 15
Punjab National Bank 5.6 6.6 6.35 6.35 Jun 01
Punjab & Sind Bank 4.85 6.75 6 5.95 Feb 16
State Bank of India 5.9 6.45 6.4 6.3 Dec 15
UCO Bank 5 6.45 6.1 6 Apr 01
Union Bank 5.6 6.65 6.1 6 Jun 01
INDIAN: PRIVATE SECTOR BANKS
Axis Bank 5.75 6.45 6.45 6.45 Jun 12
Bandhan Bank 4.20 7 7.25 7.25 Mar 25
CSB Bank 6.75 7.35 6.5 5.75 Apr 06
City Union Bank 6.25 7.25 6.5 6.25 May 29
DCB Bank 6.5 7.5 7.5 7.5 Jun 01
Dhanlaxmi Bank 5.25 7.1 6.5 7.25 Jun 01
Federal Bank 6.5 7.35 7.35 6.75 Jun 10
HDFC Bank 5.75 6.45 6.45 6.5 Mar 06
ICICI Bank 5.5 6.3 6.45 6.5 Jun 12
IDBI Bank 5.8 6.45 6.5 6.35 Feb 23
IDFC First Bank 6.5 7.25 7.25 7.15 Apr 18
IndusInd Bank 6.25 7 7 6.65 Jun 01
J & K Bank 6 6.75 7.25 6.65 Feb 11
Karnataka Bank 5.75 7 6.15 6.15 Jun 08
Kotak Bank 6 6.8 6.8 6.4 Jun 10
Karur Vysya Bank 7 7.2 6.55 6.55 Jun 08
RBL Bank 6.05 7.2 7.2 7 Sep 24
South Indian Bank 5.9 6.6 6.8 6.2 May 14
Tamilnad Mercantile Bank 6.5 7.25 7 6.7 Apr 10
TNSC Bank 6.85 7.6 7.1 6.85 NA
Yes Bank 6.5 7 7 6.75 Jun 02
SMALL FINANCE BANKS
AU Small Finance Bank 6.35 7.1 7.4 7 Jun 10
Equitas Small Finance Bank 6.35 7.1 7.75 7 Jun 10
ESAF Small Finance Bank 4.75 7.75 7.75 6 May 01
Jana Small Finance Bank 7 7.3 7.5 7.77 Jun 02
Suryoday Small Finance Bank 6.5 7.6 8.1 7.9 29-Mar
Utkarsh Small Finance Bank 6 8.1 7.5 7.25 May 05
Ujjivan Small Finance Bank 6 7.4 7.25 7.55 5-Jun

Compiled by BankBazaar.com from respective bank’s website as on the date mentioned above. Note that fixed interest rates may be subject to a revision after a specified tenure depending on the bank’s T&Cs.

Some banks/FIs allow fixed rate only for a definite period and thereafter prevailing floating rates are made applicable.



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