RBI rules out credit line for NBFCs, discusses revised bad loan circular
The Reserve Bank of India (RBI) board on Tuesday suggested not extending a credit line to struggling non-banking financial companies (NBFCs) because it felt there was no systemic liquidity issue but there were solvency concerns in some large entities. Read on...
Liquidity-starved DHFL stops fresh deposits, premature withdrawals
Liquidity-starved Dewan Housing Finance Ltd (DHFL) has said it won’t allow premature withdrawals of its deposits, with immediate effect, in order to reorganise its liability management. Read on...
PNB could take control of OBC, Andhra Bank, Allahabad Bank: Reports
Punjab