ICICI Securities delisting: Institutional shareholders gave the green light to the proposal to delist ICICI Securities and merge it with its parent company. ICICI Securities share price declined following this announcement.
Can t have a common approach: A regulatory quest for standards doesn t factor in the wide on-ground differences financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
On June 8, the RBI issued a circular which said that regulated entities may undertake compromise settlements of accounts categorised as wilful defaulters, without prejudice to the criminal proceedings against them. While some bankers say it will help to recover money faster, unions argue it will promote fraudsters.