The weakening rupee could prompt foreign investors to offload more bonds, market observers said, since otherwise their portfolios would continue to lose value.
BoB’s decision to sell its exposures in these accounts runs counter to an understanding between banks to not to sell individual exposures to accounts undergoing insolvency.
Minutes of RBI’s June policy meeting, released after market hours on Wednesday, flagged inflation risks on the back of factors like firm oil prices and volatile global financial markets, which further sapped confidence. Foreign portfolio investors.
Vulnerability arising from the banks’ ATMs operating on an unsupported version of operating system and non-implementation of other security measures, could potentially affect the interests of customers adversely.
The draft norms have now been issued to plug loopholes and have any effective resolution mechanism in place for cross-border insolvency.
SEBI Chairman Ajay Tyagi also said its investigation in the co-location case has nothing to do with the proposed initial public offer of NSE.
While the power sector officials demanded relaxation from the RBI from its February 12 circular, which mandates a one-day default norm, the RBI is understood to have turned down the suggestion.
Numerous cases of data falsification, lax adherence to norms, says report
ICICI’s board has denied any wrongdoing, highlighting that the loan was underwritten in accordance with the bank’s credit standards and was extended as part of a consortium involving over 20 banks.
Also tweaks buyback norms, approves amendments to takeover regulations
The Sensex had lost 335.40 points in the previous two sessions, tracking a sell-off across global markets after the US and China reignited trade disputes.
The new amendments to the licence provisions only allow those entities holding the access service provider licence to provide full-fledged internet telephony and not the over-the-top players like WhatsApp, Skype, Google Duo, which allow only app to app calling.
Out of the 87 cases that went in for liquidation, in 76 cases, resolution value was less than the liquidation value of the companies, while in 11 cases it was more than the liquidation value.
Apart from the plan to review airline’s operations, the Air India-specific Alternate Mechanism headed by Union Minister Arun Jaitley will review the situation of the carrier’s disinvestment, which has been put on hold for now.
According to Michael Patra, Executive Director, RBI, the prolonged period of staying on hold is denting the credibility of the MPC’s commitment to maintaining inflation at the centre of the target band.
According to sources, the meeting would be attended by the secretaries of the department of financial services, and the power, coal, petroleum and natural gas ministries.
Malayalis across the world can join chits, pay installments and take part in chitty auction from anywhere, online.
The statement rebutting all allegations comes after nearly a fortnight of the Central Bureau of Investigation (CBI) raiding at least six AirAsia India offices in India, including its Bengaluru headquarters.
CAD, the difference between the inflow and outflow of foreign exchange, jumped to $48.7 billion, or 1.9 per cent of GDP, in 2017-18 fiscal. This was higher than $14.4 billion, or 0.6 per cent, CAD in 2016-17.
Piyush Goyal stressed that the public money with PSU banks is safe and the government is totally committed to supporting the banks.
World Music Day 2018: 10 inspiring quotes on music by famous musicians