by AIP Online Bureau | Jan 1, 2025 | Banking & Bancassurance, Indian News, Life, Non-Life, Policy, Regulation
M Nagaraju, Secretary, Department of Financial services At the outset, the Secretary reiterated the Prime Minister’s direction given in the Pragati meeting held on December 26, that all the Senior officers at the level of Chairman/ MD/ ED of PSBs/PSICs should...
by AIP Online Bureau | Apr 7, 2023 | Indian News, Life, Non-Life, Regulation
All the three bidders– IndusInd International Holdings Ltd (IIHL) of Hinduja Group; Torrent Investment and Singapore-based Oaktree — who will be participating in the extended challenge mechanism (second round of auction), are still engaged with the...
by AIP Online Bureau | Dec 20, 2022 | Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation
Cosmea Financial is promoted by Sam Ghosh,who was heading Reliance Capital between 2008-2017 According to sources, the Cosmea-Piramal consortium has decided to walk out of the resolution process as it believes that the contours of the bidding process have been...
by AIP Online Bureau | Jun 8, 2022 | Indian News, Life, Non-Life, Regulation
According to sources, as of now, there are only three bidders who are actively engaged with the CoC for RCap’s resolution. These are Piramal, Yes Bank and IndusInd Bank Mumbai: Lenders to Reliance Capital may extend the last date for submission of bids for...
by AIP Online Bureau | Nov 29, 2021 | Indian News, Life, Non-Life, Regulation
In a statement on its website, the central bank said it has superseded the board, “in view of the defaults by RCL (Reliance Capital Ltd) in meeting the various payment obligations to its creditors and serious governance concerns which the board has not been able to...
