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RBI relaxes leverage ratio in a boost to bank lending

MUMBAI: The Reserve Bank of India (RBI) on Thursday relaxed the leverage ratio (LR) for banks in a bid to help them expand their lending activities. The leverage ratio stands reduced to 4% for Domestic Systemically Important Banks (DSIBs) and 3.5% for other banks. The relaxation was announced in the accompanying...
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Opinion | Banking regulations are not cast in stone

The Mumbai High Court will hear Kotak Mahindra Bank’s petition against the Reserve Bank of India (RBI) after the latter rejected its plan to reduce promoter shareholding by issuing perpetual non-cumulative preference shares (PNCPS). It would not be an exaggeration to say that the case’s outcome may change...
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Bank of America ML sole bidder for SBI’s Essar Steel debt

On Monday, the Supreme Court declined a plea of Essar Steel’s operational creditors for a stay against the tribunal’s order, paving the way for ArcelorMittal to take over the company. MUMBAI | KOLKATA: Bank of America Merrill Lynch emerged as the sole bidder in State Bank of India’s auction of...
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