The Finance Ministry has asked top rung exectives of United bank of India to furnish bad loan recovery report on daily basis.
Though most foreign banks appear reluctant to establish a subsidiary here, Citi is the only bank that has so far communicated this to the regulator, in writing.
The Reserve Bank of india is likely to tell state-run United Bank of India (UBI), which has seen erosion of capital due to bad loans and higher provisioning to implement prompt corrective action.
The Union finance ministry has sought views of the Securities and Exchange Board of India (Sebi) for setting up a 'social bourse.'
Telecom department says spectrum can't be used as collateral because it's government property
Sebi has pushed for better corporate governance of listed companies through measures such as the need for a succession policy
Regulator believes Jet Airways deal triggers open offer
Banks have taken this aggressive posture even as liquidity has become comfortable on the back of increased government spending.
Exchange-traded currency futures volume down 80% since Jun
.jpg)
A rule change may make Nachiket Mor, among others, eligible to replace Chakrabarty.
The Reserve Bank of India (RBI) allowing the use of put options in investment agreements has brought needed clarity but it has come with strict restrictions. These could impact investors looking for a minimum rate of return, experts say.
Say 30 days not enough to resolve stress; want higher provision norms deferred till economy picks up
The stock market watchdog had said any adverse findings by other regulators might have a bearing on the exchange.
At least five state-run banks on central bank's radar for lax credit appraisal
Can only suspend non-compliant companies at present owing to a lack of jurisdictional clarity.
It sets up internal panel to iron out issues companies face with delisting regulations.
About 12 other lenders with combined exposure of Rs 1,200 crore likely to follow
Promoters and top executives intending to buy or sell shares of their companies might soon have to inform the market well in advance for such transactions.
Regulator seeks clarification on transfer of convertible debt after merger
Raghuram Rajan has appointed him as head of several committees soon after taking charge.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances