The RBI said that Batliboi has been banned due to “lapses identified in a statutory audit assignment carried out by the firm,” without giving any details.
From April 2020, NBFCs will have to maintain a minimum of 60 per cent of LCR as high liquid assets.
The state-owned bank’s target is 25% higher than recoveries of Rs 16,000 crore in the previous financial year.
The money raised will be used to expand operations.
"We are adequately capitalised after getting Rs 4,100 crore from govt and Rs 600 crore from ESPS."
Delhi has infused Rs 1.95 lakh crore into state-owned banks in the past 18 months.
We are now thinking in terms of time value of money.
"Risky assets from a media company, housing finance company or a conglomerate are 1.9% of our exposure."
HSBC to leverage its global network to connect with large NRI diaspora while focussing on SMEs in India.
Banks clean up books as NPA additions slow over the past year.
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