 "banks, bank rate cuts, lending rates, deposits, savings, investment, schemes, shares, insurance")
Bad bank may follow Swiss challenge method for price discovery of assets
The proposed ‘bad bank’, to be floated by the banking industry, will likely follow the Swiss challenge method for price discovery of assets, sources close to the development said. This means that even as an asset is transferred to the new asset reconstruction company (ARC) at a pre-agreed price, bids will be called later from others, and the highest bidder will get the asset. Read more
Centre lifts embargo on grant of govt businesses to private banks
The Centre has lifted the restrictions on the grant of
