Consultants, audit firms vie for Srei resolution pie
SBI Capital Markets and BoB Capital Markets are locked in a tough battle to be a process advisor to the committee of creditors (CoC). This is a crucial role in the resolution process as it involves setting the rules, timelines and important decisions like evaluation of bids.
Banks, NBFCs raise lending rates as tighter liquidity, deposit costs pinchWhile the central bank may be keeping policy rates unchanged, lenders have to lure depositors with higher rates from real assets such as gold and real estate, considered natural stores of value to beat inflationary pressures.
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