SEBI rejigs debt MF rules
The capital markets’ regulator frames risk management norms for debt mutual funds, which would control debt funds' portfolio and duration risks, and protect gullible investors.
The capital markets’ regulator frames risk management norms for debt mutual funds, which would control debt funds' portfolio and duration risks, and protect gullible investors.
With Lakshmi Vilas Bank in its fold, the foreign bank’s branch count jumps over 18 times. But the merger could also open up a potential Pandora's box.
The 30-day moratorium on Lakshmi Vilas Bank is similar to YES Bank, protecting depositors and employees, but retail shareholders would be worst hit if amalgamation with DBS Bank India goes through.
The RBI has acted swiftly to tackle the Lakshmi Vilas Bank crisis by proposing a merger with DBS Bank India. But a thorough review of banking supervision may be necessary.
Lakshmi Vilas Bank future uncertain, analysts expect Indiabulls to remain under pressure.
Uncertainty over its merger with Lakshmi Vilas Bank and allegations of impropriety against promoters saw Indiabulls Housing Finance stock tank big time.
There is growing consensus that the current NBFC model has run its course. Will allowing some of them to become banks help?