Latest Updates Around The World
New regulatory steps by the Reserve Bank of India will change the way banks sell financial products, finance acquisitions and lend to market intermediaries. In an interview with ET Now, Dinesh Kumar Khara, former chairman of SBI, shared his views on the implications.Misselling standards indicate stricter scrutiny Khara said concerns about misselling have been growing […]
Mumbai: The Reserve Bank of India (RBI) on Friday said banks should provide acquisition financing only in cases where the acquiring company already has control of the target and is seeking financing to increase its stake and cross material thresholds from 26% to 90%.The regulator said banks may refinance a target company’s existing debt where […]
