Broadly, the main concerns of allowing large corporate houses to own banks relate to conflicts of interest, governance issues and concentration of economic power.
Given the prolonged impact of lockdown, the government not only announced an economic package for the industrial sector but intensively working to help the farmers and labors also.
Please remain informed that no Central / State Government department will accept signed FD advice as security though they do not raise any objection on signed Fixed Deposit Receipt which is considered a debt instrument i.e. can easily be offered for security.
In its Fifth Bi-monthly meet for the FY2019-20, The RBI monetary policy committee, MPC decided to keep the policy repo rate under the liquidity...
PMC’s collapse is unlikely to impact financial markets or other private or public sector banks as co-operative banks have meagre dealings in money markets as they largely depend upon deposits.