Markets regulator Sebi is contemplating reforms in the IPO norms, especially on the book building, fixed price aspects and certain provisions pertaining to price band, its chief Ajay Tyagi said on Wednesday. Apart from initial public offer (IPO), the regulator is looking into further reforms on preferential issue front, Tyagi said at the FICCI's annual Capital Market Conference. He further said that the focus on review of equity fund raising norms will continue in the near future.
Property buyers fund the project cost and the entire debt and entire equity servicing, and yet, have no locus standi in the IBC process, points out Debashis Basu.
'I hope the trend is sustainable and that economic activity accelerates going forward.'
While a DFI will help banks derisk their loan portfolios, creation of a bad bank will clean up their balance sheets.
'Public sector banks are like an extended arm of the government.' 'They rush to rescue certain sectors or they rush to invest in certain sectors to prop up the economy which the private banks don't.'
The managing director and CEO of India's second largest bank is already walking the talk by organising roadshows all over the world to showcase upcoming highway projects.
Market cap of government companies has remained unchanged in the past 8 years.
Of the three major Budget announcements related to the banking sector, privatisation of PSBs is the most audacious, says Tamal Bandyopadhyay.
Experts say the focus is on preserving liquidity as there is uncertainty over the duration and impact of the 21-day nationwide lockdown imposed to check the spread of COVID-19.
The finance ministry also said the maximum funding will be Rs 400 crore for any single project that will be seeking assistance from the 'special window' for completion of the 1,508 projects comprising about 4.58 lakh units.
Why do we need a bad bank, owned by the banks themselves when there are at least 28 ARCs around, asks Tamal Bandyopadhyay.
The grouping of Brazil, Russia, India, China and South Africa had in March decided to establish a new development bank -- BRICS Bank -- to finance infrastructure projects and to create a $100 billion contingency fund to tackle any financial crisis in emerging economies.
A seasoned banker with over 30 years of experience, Bakhshi is a mechanical engineer from Punjab Engineering College, Chandigarh. He has a post-graduate degree in management from Xavier Labour Relations Institute.
Once the final decision is taken by the NIB, no other Ministry or Department or Authority should be able to interfere with that decision or delay its implementation," he said during his intervention at the meeting of the full Planning Commission.
'In their over-enthusiasm to clean up the system, both the banks and the regulator should not forget that the key to the insolvency law is revival of companies -- recovery of bank dues is an offshoot of that,' points out Tamal Bandyopadhyay.
Let all the stakeholders, especially the government, remember that if the Make in India lion needs to roar and rise again, it won't happen unless India Inc rises too, points out Shekaar Subramanian.
Rajnish Kumar was on Wednesday appointed the new chairman of the largest public sector bank, State Bank of India (SBI), replacing Arundhati Bhattacharya who completes her one-year extended term on Friday.
The first Unique Identification Card to citizens will roll out in 12-18 months.
'More a show that you are doing something in the Budget even if that something never actually comes to pass,' notes Nitin Desai.
Banks and housing finance firms may seek legal mortgage as well as completion guarantee clause.
In the atmosphere created by the reaction to the PNB fraud and RBI's resolution framework, "don't lend, don't resolve" is bound to become the bankers' new mantra, says T T Ram Mohan.
If there is a boom in 2010-11, it cannot happen without the financial sector's participation.
The deadline for the commercial launch of the Navi Mumbai airport is set at 2021-end
Kolkata-based LSI Financial Services has obtained Securities and Exchange Board of India (Sebi) licence for merchant banking operations.
'Will Mr Jaitley listen, or is that expecting too much in pre-election season?' asks T N Ninan.
'When an institution believes its knowledge and capability is superior to everyone, it behaves like a frog in the well.' 'And this is precisely the cause for the mess,' says J N Gupta.
The 46-year-old, who grew up in Jaipur aspiring to be an IAS officer, is known to put in long hours.
'Chinese companies have acquired stakes in 13 ports in Europe, including in Greece, Spain and, most recently, Belgium.' 'Those ports handle about 10 percent of Europe's shipping container capacity,' points out Ambassador M K Bhadrakumar.
Prabhu said the Ministry was preparing a plan till 2030.
In November they had raised $2.19 billion from abroad, according to the Reserve Bank data released on Friday.
India has become the second biggest borrower in Asia Pacific by borrowing over $3.7 billion for project financing since the beginning of 2006, taking a big jump from its 10th position last year.
SREI Infrastructure Finance Limited, one of the leading infrastructure project finance and infrastructure equipment finance company in India, got listed in the LSE on Thursday.
Banks might not have realised the exact implication of risky projects under PPP projects, which were getting implemented under high leverage
Indian FIs are fast getting their act together to counter stiff competition from the banking entities.
In one of the largest deals by an Indian telecom company, Reliance Infocomm has raised $300 million from overseas markets through syndicated loans to part-finance its $5.5 billion telecom project.
World Bank on Monday said it would help the bank in moving away from an individual 'ring-fenced' project financing to a broad-based assistance to India.
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