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On Friday, the government is likely to consider 48 FDI proposals including those of HDFC Bank and Punj Lloyd. The finance ministry is likely to take a call on raising foreign direct investment (FDI) in HDFC Bank. The HDFC bank is seeking post-facto approval of an increase in the foreign investment limit in the bank
The public sector bank Central Bank of India has decided to exit home finance business as part of the Government's directive to sell non-core assets. The PSU bank has around 60 per cent stake in Cent Bank Home Finance.
The regulatory framework for non-banking finance companies (NBFCs) will have to follow stringent rules laid by the Reserve Bank of India. The NBFCs now will have to identify and make provisions for bad loans considering 90-days overdue norms.
Centrum Capital and Ramesh Jogani former head of property fund Indiareit are coming together to form a real estate private equity joint venture company, India Property Advisors (IPAL).
Government approves the Scheme for Revival of 23 unlicensed District Central Cooperative Banks (DCCBs) in four States. These are 16 in Uttar Pradesh, three in Jammu & Kashmir, three in Maharashtra and one in West Bengal.
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20 Dec 2014
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