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RBI remains steadfast to take any further measures to support growth: Shaktikanta Das
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Last Updated: Jan 16, 2021, 11:18 PM IST
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Delivering the 39th Palkhivala Memorial Lecture, the governor said the principal objective during the pandemic period was to support economic activity; and looking back, it is evident that policies of the RBI have helped in easing the severity of the economic impact of the pandemic.
Stricter framework for banks, NBFCs on anvil: RBI Guv Shaktikanta Das
CHENNAI: Reserve Bank of India (RBI) Governor Shaktikanta Das on Saturday said the central bank remains steadfast to take any further measures as may be required to support growth without compromising on financial stability.
Reserve Bank of India identifies 12 accounts with 25 per cent of total NPAs of banks for resolution under bankruptcy law
Reserve Bank of India identifies 12 accounts with 25 per cent of total NPAs of banks for resolution under bankruptcy law
The RBI On Tuesday Identified 12 Accounts Each Having More Than Rs 5,000 Crore Of Outstanding Loans And Accounting For 25 Per Cent Of Total NPAs Of Banks For Immediate Referral For Resolution Under The Bankruptcy Law. PTI | Updated on: 13 Jun 2017, 09:42:16 PM
Mumbai:
The RBI on Tuesday identified 12 accounts each having more than Rs 5,000 crore of outstanding loans and accounting for 25 per cent of total NPAs of banks for immediate referral for resolution under the bankruptcy law.
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ASIA:
Wall Street firms in Hong Kong including Goldman Sachs and JPMorgan on Monday moved to reduce exposure to Chinese telecom companies named in a U.S. ban on investments in companies Washington considers linked to China’s military. Goldman Sachs, JPMorgan and Morgan Stanley said in filings to the Stock Exchange of Hong Kong that they were beginning steps to terminate 500 Hong Kong-listed structured products they issued to investors with links to values of telecom companies China Mobile, China Telecom and China Unicom or local indexes including the Hang Seng Index – whose components include the telecom companies. US custodian bank State Street said that information published by the U.S. Office of Foreign Assets Control (OFAC) mention that an exchange traded fund which State Street manages was no longer appropriate for U.S. individuals or companies to invest in.
IRFC IPO to hit market on January 18
January 13, 2021
IRFC to raise ₹ 75,000 crore-80,000 crore in the remaining part of this fiscal
Indian Railways Finance Corporation (IRFC), the Railway Ministry’s dedicated fund-raising arm’s Initial Public Offering (IPO), which was held in abeyance last year due to COVID-19, is now set to hit the market between January 18 to January 20.
It will open for anchor investors – the institutional investors who are expected to put in assured amount of money – on January 15. The price band for the IPO is ₹ 25-26 an equity share on a face value of Rs 10 each. Retail investors can bid in lots of 575 shares.