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"Over the last three years, we have issued various guidelines on governance, bank CEO and full-time director salaries, on NBFCs, asset reconstruction companies and co-operative banks, which we are examining and will issue framework. It is for large NBFCs to take their own decision on their future," Das said.

The central bank raised its FY23 inflation estimate and lowered that for economic growth, warning that those forecasts were based on oil at $100 a barrel. The RBI said it will have a "nimble-footed" approach to liquidity, introducing the Standing Deposit Facility (SDF) to manage excess cash in the system.

The SDF rate has been set at 3.75%, higher than the 3.35% fixed reverse repo rate, which is the rate at which banks park their excess funds with the RBI in exchange of government securities as collateral.

After being a crusader for economic growth during his entire first term and the first few months of the second despite an inflation targeting mandate, Governor Das has taken a U-turn as price pressures threaten to get out of hand due to war that adds fuel to already soaring prices.

The US-based company’s decision to allow clients to use the Unified Payments Interface (UPI) – a key digital payments railroad – to make rupee deposits for buying cryptocurrencies in India is under regulatory scrutiny, said sources directly briefed on the matter.

"The focus has shifted to the Q4 earnings season, which will start next week, initiated by the IT and banking sector."

The working group will recommend an alternative set of eligibility criteria for entities to act as sponsor; review the existing eligibility requirements for being a sponsor; recommend mechanisms for addressing conflict of interest that may arise if pooled investment vehicles/ private equity act as sponsor.

The Dow Jones Industrial Average fell 14.3 points, or 0.04%, at the open to 34569.24.

According to a circular, in respect of disputes in these matters where RTA offer services to shareholders or investors on behalf of listed companies, the RTAs will continue to be subjected to the stock exchange arbitration mechanism.

“Jaguar Land Rover retail sales for the three-month period to 31 March 2022 continued to be constrained by the global semiconductor shortage. However, the company saw a gradual improvement in chip supply leading to improved production and wholesale volumes compared to the previous quarter,” said the company in a regulatory filing.