In a letter to the Securities and Exchange Board of India (Sebi) and marked to the RBI, ministry of corporate affairs and exchanges, Agarwal has cited compliance failures and pressed multiple charges of mismanagement in capit
Reserve Bank of India (RBI) governor Shaktikanta Das told FE that while it made sense to give banks some time to sign the ICAs, action will be initiated against those not complying with the June 7 circular.
If you look at the kind of technologies that we know and love, such as blockchain, cloud, mobility and the internet, they have led to four changes. First, our clients’ businesses are getting disrupted.
Earlier this year, the RBI informed the Supreme Court (SC) that it had not given its approval to WhatsApp to launch a payments service because of the platform’s failure to comply with the above norms on data localisation.
Late last month, FE had reported that ICICI Bank had itself taken charge of collections from loan pools acquired from DHFL. Under normal circumstances, pooled loans would sit on the books of banks, while DHFL continued to fun
Lenders are likely to accede to the request at the next meeting of the committee of creditors (CoC)on Tuesday. “At this point, the CoC is giving the extension as a hope against hope. Bankers are anyway in a situation of har
Bank of Baroda (BoB) is understood to have classified its exposures to two NBFCs from the ADAG group as non-performing assets (NPAs) during the quarter ended September, persons familiar with the developments told FE.