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There have been clamours for interest rate cuts after RBI paused for five times in a row and following softer inflation prints for September and October. "Such views imperil the conduct of monetary policy in the pursuit of its goal of durably aligning inflation with the target. These views also undermine the foundations of growth," the report said.

In March 2018, NSE launched two indices - Nifty100 ESG Index and Nifty100 Enhanced ESG Index - to capture the environmental and social governance scores of Nifty 100 companies. The companies on these two indices were assessed annually by the ratings provided by Sustainalytics.

Shares of NBFCs, like Piramal Enterprises, Indiabulls Housing Finance, and Edelweiss Financial Services, fell 5-10% on Wednesday. The Nifty Bank index declined 0.9%

​The tribunal has allowed Axis Bank to invoke the shares pledged in its favour and asked the Securities and Exchange Board of India (Sebi) to restore the pledge in favour of the other banks within four weeks and also compensate them.

The transactions involved sale of units at ₹316 each, amounting to a total deal value of ₹6,172 crore.

According to BSE Block deal data, the transaction involved the sale of 1.79 crore shares, representing a 2.86% stake in the asset management company, at ₹445.35 per share.

The company has entered into a share subscription and shareholders agreement to acquire 26% equity shares of Clean Max Terra.

Alternative Investment Funds are privately managed funds with just a few investors, usually wealthy family offices, banks, NBFCs and other institutions and even corporate treasuries. These funds usually invest in high-yielding debt instruments and structure transactions in a complex way that helps hide the genuine nature of the financial strength of the borrower.

Under the fresh bidding process, which is likely to be kicked off by the end of the month, lenders will run a fresh bidding process seeking separate interests for the insurance and non-insurance businesses, people familiar with the matter said.

A Reserve Bank of India (RBI) circular issued Tuesday prohibits banks and NBFCs from investing in AIFs to prevent questionable asset transfers. This will affect large banks and NBFCs involved in AIF investments. "This RBI measure imposes significant requirements on banks and NBFCs," said Sai Krishna Bharathan, Partner, Trilegal.