IBA to soon move application to RBI for setting up Rs 6,000-cr bad bank
With registration of the company, the process for putting an initial capital of Rs 100 crore is on as per the guidelines, the sources said adding that the next step will be audit and then move application to the RBI seeking licence for the asset reconstruction company.
Complied with 85% of asks on tech, ball in RBI court for lifting ban: HDFC BankAddressing shareholders at his first annual general meeting as the executive head of the largest private sector lender, Jagdishan said a technology audit is also over and the RBI will now be “independently” taking a view on when to lift the penal actions taken against the bank.
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