They can wait, as RBI has indicated the bonds could be linked to CPI in future.
The new Bill is a replacement of the Financial Establishments Bill, 2009, with added provisions relating to search, seizure and attachment of properties of such companies.
SBI says recovery process on as no court stay yet.
Bank issues public notice with photograph in Reid & Taylor default case.
Firms meet huge redemption pressure after deducting money from principal amount.
A day after about 1,200 media persons from Saradha Group media entities lost their jobs in West Bengal, the state government extended a helping hand. On Wednesday, government officials are set to meet these employees to try and find a resolution to the issue.
They have sought data from these companies on loss absorption capacity in case of a fall in gold prices and higher defaults.
As banks are looking at such infrastructure as ancillary assets, wanting to focus on core activity, they're reluctant to commit their resources here, throwing space open for other players.
Given the hardships faced by the jute mill industry in West Bengal, one of the few surviving manufacturing sectors in the state, industry experts say a strike threat is looming large, which could lead to more lockouts.
Economists advise against it, citing international experiences; business leaders say RBI should allow move for inclusive growth.
Leveraged balance sheets expose banks to sudden shocks.
Agitation against 7-day banking move prompts action.
Banks need to raise capital to comply with Basel III norms. This mode of raising money gives all shareholders equal investment opportunity.
India pays 55% of the value of oil its imports from Iran in euro payments through Turkey's Turkiye Halk Bankasi.
Despite sluggish credit growth, most banks are cautious about growing their unsecured loan portfolio.
Unions said the revised wage structure should reflect the merger of dearness allowance.
Also on agenda is rising credit flow to MSMEs & farm sector.
Lenders to Kingfisher Airlines have been left in the lurch, with most hoping the airline resumes operations, as this would ensure at least some revenue flow.
SBI too rules out cut in base rate in short term, to launch concessional schemes.
Nine of 10 bankers who attended the meeting admitted their sanctioned loan pipeline was shrinking fast due to tepid demand.
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