RBI will not back down in association with Lakshmi Vilas Bank's DBS

-

Mumbai, Ta. 20 November 2020, Friday

Despite opposition from Lakshmi Vilas Bank shareholders, the Reserve Bank will not back down from its plan to merge Lakshmi Vilas Bank with DBS India.

Given the erosion of Lakshmi Vilas Bank's capital and the conversion of 9 per cent of total loans into bad loans, the RBI does not seem to have any other option at present, said a banking analyst.

The RBI has decided to merge only after examining each of the options. Before placing Lakshmi Vilas Bank in the moratorium and announcing the merger proposal with DBS India, the Reserve Bank gave Lakshmi Vilas Bank's management enough time to come up with a proper plan but the bank management failed to find a way.

Lakshmi Vilas Bank's equity investors have demanded a return on their share in the new company to be formed after the merger. Investors have threatened to go to court if they do not get even a small value for their investment.

Another analyst said that considering the poor condition of the country's public sector banks, the RBI considered it more appropriate for Lakshmi Vilas Bank to merge with a foreign bank.

The demand to merge Lakshmi Vilas Bank with a public sector bank has not been met, the All India Bank Employees' Association (AIBEA) claimed.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more