RBI should push for fresh issuance of shares by banks to meet licensing guidelines, say investors

As the RBI deadline approaches for the Kotak Bank promoters to reduce their stake to 20 per cent, investors are getting anxious about possible scenarios given the difference of opinion between the lender and the RBI over ways to meet the directive.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FGkhJb

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Finance Ministry hopes 3-4 banks to be out of RBI’s PCA this fiscal

The finance ministry hopes that 3-4 banks would come out of the RBI's Prompt Corrective Action watchlist this fiscal, following the expected modification of guidelines and apparent improvement in bottomline of the public sector banks, sources said.

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2FOYoHM

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India misses wake-up call from shadow-bank bust

The IL&FS saga aptly underscores India’s lack of preparedness to handle the big shift in lending.

from Banking/Finance-Industry-Economic Times https://ift.tt/2RclNEb

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Andhra Bank puts up Rs 1,553-cr NPAs for sale, prefers cash bids

The bank has invited expressions of interest (EoIs) from ARCs for the sale of its non-performing assets (NPAs) by November 30, according to the tender document.

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IBC has led to the resolution of unpaid claims of nearly 3,00,000 crores: Injeti Srinivas

Another impact which the secretary highlighted was the conversion of NPA accounts in standard accounts by virtue of the borrowers making payments that were overdue.

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