BE/RBI/43/2017 The Reserve Bank of India had notified the following conditions on Conversion of Debt in to Equity. a) Securitisation Companies / Reconstruction Companies (SC/RCs) are permitted to convert a portion of debt into shares of the borrower company as a measure of asset reconstruction provided their shareholding does not exceed 26% of the post

BE/RBI/41/2017 dt 1.12.17 Reserve Bank of India (RBI) has clarified that it is mandatory to link Aadhaar cards to the bank accounts under the Prevention of Money Laundering regulations in the country, the Public Sector Banks’ Officer union has demanded that linking should be put on hold till the Supreme Court comes out with a

BE/RBI/40/2017 dt 9.11.17 It is well known that Government has planned to induce fresh capital to the PSU Banks.  In the process, the Government has requested RBI to see the possibility of funding a part of the Rs. 2.11 lakh crore which is the amount planned to recapitalize the PSU Banks. In this context, it

Hopes on pushing the market with a demonetization effect, through a cashless economy is of-course nice to hear.  Has it been effective?  Yes, it is working…… but very slowly.  It has to be agreed though there has been a heavy thrust for using Wallets, Non-UPI Banking apps and Aadhaar enabled payments, they are still to

BE/RBI/39/2017 Reserve Bank of India, has come out with the statement that corporate borrowers having exposure of Rs 5 crore and above will have to mandatorily obtain 20-digit Legal Entity Identifier (LEI) from banks, a move that is aimed at improving risk management.  Further the RBI release adds that The timeline for implementing the LEI,