AIBEA General Secretary C H Venkatachalam has demanded that IDBI Bank’s categorisation be reverted as “Other Public Sector Bank”.
On March 18, foreign investors bought a net of $3.3 billion shares and raised holding of bonds by $1.4 billion in the month.
Jalan said the RBI should decide how much it can do to facilitate credit flow and investment in the economy, given global risks and elections at home.
The RBI circular last year, which scrapped previous methods for recasting bad loans, rattled companies and lenders alike.
The audit firm major findings reveal that DHFL has not promoted any of the alleged 26 “shell” companies that are borrowers.
20 officials of Punjab National bank were transferred in connection with the PNB fraud case, including the investigating officer probing the Rs 13,500 crore Punjab National Bank (PNB) scam, involving fugitive diamantaire Nirav Modi and Mehul Choksi of the Gitanjali group.