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Govt. Creates List of Defaulters To Bar Them From Leaving The Country et al

Professor of Financial Economics and Part-time Value Investor, Transfin.
Mar 15, 2018 12:47 PM 1 min read
Editorial

End of Day Wrap-up (Thursday / March 15, 2018) #RBI #BandhanBank #IPO #India #Theranos #US #Senate #PSBs #Transfin

Editor's Comment: Government has reportedly created a list of wilful defaulters to bar them from leaving the country. Banks to share passport details of individuals associated with bad loans of INR50cr or more.

 

RBI Governor pitches to withdraw legal immunity granted to PSBs from RBI regulations, privatisation, and reducing the role of state-owned lenders. Kotak Mahindra, Axis Capital, Goldman Sachs, JM Financial, and JP Morgan as bookrunners.

 

Bandhan Bank IPO opens for subscription with private sector lender to raise c.INR4,400cr.

 

India to engage with the United States to discuss concerns around India's export subsidies.

 

Elizabeth Holmes, CEO of once hot medical start-up Theranos settles with SEC over fraud allegations. Ms Holmes agrees to forfeit stock, pay a fine and relinquish control of the company.

 

US Senate passes significant loosening of financial regulations, raises threshold for judging a bank as 'too big to fail' from $50bn in assets to $250bn.