In order to boost credit availability in the economy, Finance Minister Nirmala Sitharaman had in September asked banks to reach out to customers and hold special credit disbursal camps while keeping in mind prudential norms.
Sebi Chairman Ajay Tyagi said that this move will ensure “better disclosure and transparency.” The decision has been taken to address the gaps in the availability of information with respect to defaults, Sebi said.
Demand for thermal power has reduced as a result of additional renewable capacity, but the overall demand for power had increased this year, said Minister of State for Power and New and Renewable Energy RK Singh.
In May 2018, Sebi asked the top 500 listed companies to split the post of chairman and managing director by April 2020. Sebi’s decision came after the recommendations of the Uday Kotak-led panel on corporate governance.
Any special dispensation for the Union Territory of Jammu & Kashmir will also have to be done keeping in view similar demands by two other union territories with a legislature, Delhi and Puducherry, to be a part of the divisible pool.
According to Das, going forward, UCBs are likely to increasingly face competition from players like small finance banks (SFBs), payments banks, non-banking finance companies (NBFCs) and micro-finance institutions (MFIs).
Vodafone Idea last week reported consolidated loss of Rs 50,921 crore - highest ever loss posted by any Indian corporate - for the second quarter ended September 30, on account of liability arising out of the Supreme Court order in the adjusted gross revenue case.