Haryana Posted Friday at 09:15 PM Share Posted Friday at 09:15 PM Not much exclusive about action against IIFL, it looks like part of a recent series that is currently ongoing - https://indianexpress.com/article/explained/explained-economics/rbi-paytm-causes-effects-9137548/ https://www.businesstoday.in/industry/banks/story/after-iifl-rbi-bars-jm-financial-from-doing-any-new-financing-serious-deficiencies-in-loans-for-ipo-financing-420212-2024-03-05 https://www.ibtimes.co.in/rbi-slaps-fines-bank-india-bandhan-bank-breach-rules-866741 https://www.fortuneindia.com/investing/federal-bank-south-indian-bank-shares-plunge-up-to-5-on-rbi-action/116146 Link to comment Share on other sites More sharing options...
ICUMD Posted Friday at 09:45 PM Share Posted Friday at 09:45 PM All of this is excellent imo. RBI oversight and review will help improve the quality and transparency of these businesses over the long run. This is necessary to attract FDI. Through the vetting process, the value of underlying businesses increases. Link to comment Share on other sites More sharing options...
ICUMD Posted 19 hours ago Share Posted 19 hours ago https://www.business-standard.com/companies/news/canada-based-firm-fairfax-offers-all-cash-deal-to-acquire-idbi-bank-124031800325_1.html Link to comment Share on other sites More sharing options...
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