News Digest: RBI denies waiver for Pariwartan, Jaitley on rupee, and more

ICICI Bank's Managing Director and Chief Executive Officer Chanda Kochhar has denied the charges levelled against her by markets regulator Sebi

Stressed power assets: RBI denies waiver for REC's Pariwartan framework

The Pariwartan framework for resolving stress in the power sector, drafted by Rural Electrification Corporation (REC), could soon be also used for assets landing in the bankruptcy court, with the public financial institution seeking banks' support on this. The move comes after the Reserve Bank of India (RBI) refused to give any concession for REC’s asset restructuring company (ARC), being planned under the framework. Read More

Was not aware of Videocon's deals with husband, says Chanda Kochhar

ICICI Bank’s Managing Director and Chief Executive Officer Chanda