[ad_1] As financial institution lending to Adani Group entities is now below regulatory scanner, banks say they turned cautious of accelerating their publicity limits to the multi-billionaire-backed Adani Group corporations by early 2022. By round July or August final 12 months, most banks, particularly these within the non-public sector, determined that they might not enhance their publicity to the group any additional, in line with extremely positioned banking sector sources. “When Adani Airport Holdings took management of the Chhatrapati Shivaji Maharaj Worldwide Airport in Mumbai and hunted for a further line of credit score from banks, we noticed deserves within…
Author: Hamsini Karthik
[ad_1] With the Reserve Financial institution of India (RBI) issuing operational tips for digital banking models earlier this month, it appears to be shutters down on Niti Aayog’s proposal to subject unique digital financial institution licenses, an concept that the federal government’s think-tank had floated in November 2021. Which means that neo-banks resembling RazorpyX, Jupiter, Niyo, Fi and Open, which had pinned hopes on turning into digital banks primarily based on the Niti Aayog’s suggestions, could should proceed with the partnership mannequin with banks. Based on extremely positioned sources, RBI wasn’t snug handing out recent digital licenses because it may…