The aggregate loan — in the 31 cases — outstandings at March 31, 2018 were Rs 6,082 crore, which is about 1.1 per cent of gross loans.
Market sentiments got a boost after data showed that foreign portfolio investors (FPIs), who had been net sellers for the past several sessions, were back to buying mode on the domestic bourses.
RITES had set a price band of `180 to `185 per share for its initial public offering (IPO). The IPO is a part of the government’s disinvestment programme and all the proceeds from the proposal will go the government.
The government is looking to disinvest its holding in the lender.
The government appointed Jain as the Deputy Governor of the RBI for three years. Jain has come in place of SS Mundra who retired last year.
CoC approves Rs 5,000-cr bid compared with Rs 30,000 crore owed to lenders.
Decisions taken by bankers are commercial in nature and they are not strictly rule based because they judgmental in nature.
At the annual general meeting of BoM on Thursday, some shareholders had raised the issue of the loan disbursed to the DSK Group — which is accused of cheating thousands of its investors of over Rs 2,000 crore — and the management had clarified its position.
Both the Sensex and Nifty posted their fifth straight weekly gains, rising 67.46 points, or 0.19 per cent, and 4.15 points, or 0.04 per cent, respectively.
The 30-share index, which had lost 114.94 points in the previous session, fell by another 50.91 points, or 0.14 per cent, to 35,381.48 in early trade. The rupee firmed up by 19 paise to 67.79 against the dollar on Friday.
The first round of the central bank's annual stress tests, released Thursday, shows that as a group, the 35 big banks have benefited from a steadily recovering economy to gain strength and build up capital buffers against unexpected losses.
With Trump administration increasing import duties and initiating trade war with various countries including India, the Indian government on Wednesday slapped higher duties on a number of items.
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