Latest Stock Market Update – Star India Market Research

RBI Policy: 

• Citizen's Monetary Policy Committee (MPC) meets on the eve of the monetary policy to discuss what the official monetary policy committee should be debating about and deciding on. 
• SEBI tightens eligibility norms for F&O; links retail investor exposure to networth: Capital and commodities markets regulator SEBI has tightened the eligibility criteria for securities in which futures and options (F&O) trading can be allowed. 
• RBI slaps Rs 58.9 crore fine on ICICI Bank for failure to meet disclosure norms on sale of securities: The Reserve Bank of India, in a rare move, has imposed a penalty of Rs 58.9 crore on ICICI Bank, for failure to adhere to rules on sale of bonds in the held-to-maturity (HTM) category.
• Punjab National Bank to honour 352 LOUs and FLCs collectively worth Rs 6,500 crore: Punjab national bank will honour 352 maturing letters of undertaking (LoUs) and foreign letters of credit (FLCs) issued by it, collectively worth Rs 6,500 crore, the lender said in a statement.

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