Why The Nirav Modis Are So Common In PSB Banks?    Budget 2018: Why structural reforms may again be given a miss?    Capital First & IDFC Bank to Merge: Deja Vu for Mr. Vaidyanthan

FS Daily Bytes: 19th Aug


  1. In the insolvency summit held by CII, FM Mr. Arun Jaitely reiterated the fact that the new insolvency rule is not to force stressed firms to bankruptcy but to save them. At the same time, debtors have to service the loans for survival
  2. In the same conclave today, RBI Governor expressed concern on the high GNPA of the banks and said that banks needs to take haircuts on current exposure and it would also necessitate higher recapitalization of the PSBs
  3. RBI to issue new fluorescent blue Rs 50 bank notes
  4. HDFC life has filed a draft red herring prospectus with SEBI


  1. UK big banks e.g. HSBC, Barclays, Llyods are in process of creating ring fenced legal entities for their normal/ retail banking business as required by BOE deadline of 2019. This is primarily to safeguard normal banking from investment banking and prevent waste of tax payer money for saving banks in distress

Leave a Reply

Name *
Email *