A scrutiny was undertaken in the five banks in January, 2014 and based on the findings, the RBI issued a show cause notice to each of these banks.
The rigid clasp of communities is loosening up as the regulatory mindset and shareholding patterns change over time. The banks themselves are moving up the evolutionary chain through reforms.
Public and private sector banks with an exposure of over Rs 5,000 crore to farm loans in Maharashtra are staring at potential losses
Deven Shah said the sector is on the lowest priority from lenders perspective and bankers are in wait-and-watch mode to start lending again.
India has always had a 'Look West' bias. The East is highly integrated, the corridors from Japan to Greater China to Asean to Australia.
Allahabad Bank, Citibank, City Union Bank, HDFC Bank, ICICI Bank, State Bank of India and YES Bank are the bankers to the airline company.
RBI will allow banks to hold more than 10% equity, opt for long loan tenure; working with Sebi for formula to convert debt to equity.
Bhandari says his attitude is similar to that of a start up entrepreneur – one who loves to create something that has value – and not that of an eatwhat-you-kill-investment banker.
The issue has been priced at 8.85%, less than what ICICI Bank and L&T Infrastructure had paid a few months ago.
Staff union at ING Vysya have already set out demands for the future management, including retirement benefits and are meeting them on Tuesday in this regard.
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