RBI has formed this new unit even as it has more than once issued a warning on trading in cryptocurrencies.
The lender has already had preliminary management meetings with the PNB Housing top brass led by MD, Sanjaya Gupta. Goldman Sachs is believed to be its advisor.
The bank has to reduce its promoter stake to 40 per cent within three years of starting its business
The short-term loan will be more or less exhausted in funding commitments other than bank loan repayments.
Moody’s analysis shows that government capital injections will only be enough to enable all public sector banks to achieve Common Equity Tier 1 (CET1) ratios
The Sunil Mehta committee has also backed the government plan for a bad bank to deal with stressed loans by setting up an asset management company (AMC). Chalasani said the committee is in advanced discussions for the same.
PCR will collate information for both individual and corporate borrowers allowing banks to share data on stressed loans.
"Consortium banking is increasing risks because of delays in decision making,’’ Rajnish Kumar said.
"Bankers have to identify stress early before default. They cannot wake up when the default has happened. They have to be alert right from the time they enter a lending relationship," said Sudarshan Sen.
PNCPS were issued to dilute promoter stake to 20 per cent in Kotak Mahindra Bank.
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