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Swamy also said RBI has issued guidelines for licensing and operation of asset reconstruction companies, which must be followed by the latter. In some cases, partnerships between asset reconstruction companies and banks may require approval from both RBI and Securities and Exchange Board of India, he said in his application. In March, Swamy had filed a PIL n alleging that the transactions involving the transfer of the distressed asset portfolio lacked fairness, attempts to evade relevant laws, and did not serve the best interests of the public who have accounts with YES Bank. ....
Subhash Chandra signs agreement with JC Flowers to settle dues thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Axis Bank has appointed N S Vishwanathan as the Non-Executive (Part-time) Chairman for a period of three years, beginning October 27. Vishwanathan retired from RBI as Deputy Governor in 2020., Companies News, Times Now ....
ED latest news: The Enforcement Directorate (ED) on Wednesday reported that they had apprehended T. Venkattram Reddy and P. K. Iyer, the promoters and former directors of Deccan Chronicle Holdings Ltd (DCHL) in a bank fraud case. The law enforcement authority also announced that it had arrested the statutory auditor, Mani Oommen, in the same financial fraud issue., Companies News, Times Now ....