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.
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.
Twin Star Technologies’ offer of Rs 2,962 cr for 13 Videocon companies, against admitted claims of Rs 64,838 cr, is close to their liquidation value.
RBI and Sebi to look into regulatory issues related to the proposed Rs 4,000 cr-investment by Carlyle and others in PNB Housing Finance.
ICICI Bank has raised over Rs 2,827 crore by issuing bonds on a private placement basis.
RBI proposes uniform regulatory framework for microfinance sector; MFIs can provide collateral-free loans to households at board-determined interest rates.
RBI allows banks to increase charges for cash and non-cash ATM transactions beyond free monthly permissible from next year.
NCLT approves resolution plan submitted by the Anil Agarwal firm for Videocon Group; among other gains, Vedanta will now own more than ONGC in Ravva oil field in the KG Basin.
63 moons technologies will move NCLAT to challenge NCLT order which allowed Piramal Group to take over DHFL.
