Banks' NPAs stable in June quarter, look manageable; IBC needs improvement: RBI Governor Shaktikanta Das
RBI Governor Shaktikanta Das said banks have capital buffers of over 16 per cent while the same for NBFCs is at 25 per cent, which are much above the regulatory mandates, and will help fight with any stress.
ICICI Lombard ceases to be ICICI Bank subsidiary post Bharti AXA mergerThe scheme of arrangement between Bharti AXA and ICICI Lombard came into effect on September 8, 2021. ICICI Lombard has allotted a total of 35,756,194 equity shares of the company to Bharti AXA shareholders -- Bharti General Ventures (18,235,659) and Societe Beaujon (17,520,535).
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