NCLT approves Kalrock-Jalan consortium's resolution plan for Jet Airways, raising hopes that the bankrupt carrier will begin to fly again by end of this year.
Setting the ball rolling, the government invites proposals to appoint transaction and legal advisors for strategic divestment of IDBI Bank.
India’s retail inflation has crossed the Reserve Bank of India’s upper band target of 6%, with an alarming 207 bps jump in May relative to April 2021.
SAT brushes aside Sebi’s ruling, allows PNB Housing Finance to seek shareholder votes on Carlyle deal.
Rupee ended at 74.55 per dollar versus previous close of 74.43; this is its biggest dive on a single day since 5 Aug 2019.
SBI’s central board approves proposal to raise up to Rs 14,000 cr by issuing Basel-III compliant bonds.
RBI introduces legal entity identifier system for all payment transactions of value Rs 50 cr and above; to come into effect from 1 April.
Even non-customers can use this platform for queries related to the bank’s products, services, offers and location of ATMs and branches.
Corporate entry into banking will increase importance of money power in politics and make us more likely to succumb to authoritarian cronyism, former RBI Guv said in a paper co-written with Viral Acharya.
Piramal wins bid for DHFL; litigation by Oaktree can delay the takeover
Sebi says move to put the deal for shareholders’ voting on 22 June is “ultra-vires” of the company’s Articles of Association; asks company to carry out valuation process by independent registered valuer.
IDBI Bank invites bids to shed its 19% stake in Avenue Capital-backed Asset Reconstruction Company (India) Ltd.
Police probe on shady instant loan apps could lead to other possibilities like money laundering. What is the source of funding for these firms? How deep is the local connection?
RBI grants in-principle nod to Centrum to set up a small finance bank. BharatPe to have 50% stake in the SFB. Amalgamation of PMC Bank is next step.
