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.
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.
National Company Law Tribunal (NCLT) on Thursday decreed him to consider ICICI Bank’s Rs 7-billion claim.
Shares of non-banking financial companies (NBFCs), particularly in the housing finance (HFCs) segment, were under pressure as government is said to have raised concerns.
Liquidity concerns among NBFCs have also affected companies in the segment.
The increasing default by IL&FS has raised several questions on the credibility of the company to pay its debt obligations. Meanwhile the company is looking forward for raising funds from SBI and LIC.
The rupee erased early gains to hit an all-time low of 70.1 per dollar on Tuesday