Sebi eases valuation norms for AT-1 bonds

Implementation of 100-year valuation norm pushed to April 2023. The Securities and Exchange Board of India (Sebi) on Monday relaxed the norms for valuing perpetual bonds. The norms, which had......

Govt mulls easing NPA norms

Move to increase 90-day window to 120 days to give more time to borrowers to service loans. Illustration: Dominic Xavier/Rediff.com The Centre is in talks with the Reserve Bank of India (RBI) and......

PSBs may find it hard to raise money on asset quality, governance concerns

While the banks have cleaned up books and the space has seen consolidation after the merger exercise, the impact of big-ticket frauds of the past and the bad-loan burden remain an issue.......

A 94-year old bank is part of history now; Lakshmi Vilas Bank becomes DBS India

Tamil Nadu-based Lakshmi Vilas Bank (LVB) with pre-independence lineage on Friday lost its identity after its merger with the Indian subsidiary of Singapore's DBS Bank. The debt-ridden 94-year old......