LIC, EPFO make no headway in efforts to sell Reliance Capital papers
Almost the whole Rs 15,000 crore of Reliance Capital’s credit are supposedly secured lending, mostly through bonds (or non-convertible debentures). The unsecured share of credit is estimated to be at Rs 3,000 crore.
FM Sitharaman says many PSBs have come back to normalcy nowIn her address, Sitharaman emphasised the need for banks to adopt digitisation as a means to accelerate financial inclusion. She said that there are a lot of prospects for banking and that the changes in the banking sector were occuring at a very rapid pace. She believed that digitisation cannot be avoided and must be embraced.
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