The abuse of banks by private interests before nationalisation and the recent financial crisis have made many believe that banks should be heavily regulated.
Jalan panel, which scrutinised applications for new bank licences, submitted its report along with shortlisted entities to the Reserve Bank of India.
Bhushan Steel seeks Rs 7,000 crore loan; claims capacity expansion but banks consider it as rollover
Bhushan Steel is negotiating with lenders led by State Bank of India for a Rs 7,000-crore loan.
Anand, the 48-year-old chartered accountant, faces a formidable task of ramping up Axis Bank’s retail business when the competition is set to heat up.
RBI's order to pullback pre-2005 notes has brought a new life to a bunch of agents across the country boosting commission rates for those dealing in soiled notes.
Ever since the central bank said that it would withdraw notes printed before 2005, there is a surge in the business.
Industry is overleveraged. Debt has piled up. I think those who have created monetisable assets out of the debt will go through this rough patch.
Telecom cos have about Rs 2.1 Lakh cr of collective debt, a big part of which was taken on during the 3G spectrum sale in 2010.
Andhra Pradesh-based infrastructure cos IVRCL and Coastal Projects have knocked at the door of the CDR, seeking to recast Rs 11,000 cr of loans.
Most commercial banks, including HDFC Bank, Axis Bank, Standard Chartered Bank and Citibank, have followed the directive to issue, on a priority basis.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon