Barclays was one of the four banks in the ReNew Power issue.
Banks don't make money on domestic payments. You make money by taking money and giving it out, says Gupta
“After the amendment, Section 74 of the insolvency code prescribes stringent punishment to resolution applicant if it fails to implement a plan,” said Shiju Veetil, senior partner at IndiaLaw.
Bank to sell Rs 3,325 crore bad loan accounts, including Essar Steel and Bhushan Power and Steel, to keep provisions low.
Kerala-based MPG started its microfinance business in 2010.
The Kotak Special Situations Fund is structured as an Alternative Investment Fund under SEBI regulations.
Jet Airways has in the last 2 months trimmed its fleet by 28 planes and will ground about a dozen more.
Industry insiders said as many as eight Jet aircraft have been grounded due to non-payment to lessors.
Private sector banks rates were 8 to 10 basis points lower to public sector banks between January and April 2017 and have since turned the other way.
Fast-growing private banks are offering much higher rate to garner deposits helped by better pricing power.
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