Top headlines: RBI may red flag P&SB bonds; Tatas hike stake in Air Asia

From RBI likely to red-flag Punjab and Sind Bank's Rs 5,500-crore zero-coupon bonds to PE/VC investments into India from China, Hong Kong falling 72% in CY20, here are top headlines this morning

RBI may red-flag Punjab and Sind Bank's Rs 5,500-crore zero-coupon bonds

The Reserve Bank of India (RBI) may red-flag the Rs 5,500-crore zero-coupon bonds issued towards recapitalising (recap) Punjab and Sind Bank (P&SB) in its current form, and ask it to hold the instrument in the held-to-maturity (HTM) portfolio at a discount and not at face value. “This (structure) has to be reworked. It is bad accounting, and has implications for the broader debt market. Read More

After a stupendous rally in market, returns may moderate in 2021: Experts

After a stupendous rally in the market from March