Loan transfers are resorted to by lending institutions for various reasons, ranging from liquidity management, rebalancing their exposures or strategic sales.
PMC Bank Restricted: The Reserve Bank of India (RBI) on Tuesday barred Mumbai-based Punjab and Maharashtra Cooperative Bank (PMC Bank) from carrying out any kind of business transactions for six months for violation of various regulations. Here's how it is going to impact customers and market:
Mumbai: To revive stalled plans and help banks tide over mounting bad loans, the Reserve Bank of India (RBI) on Monday eased norms for structuring of existing long-term project loans to infrastructure and core industries.The
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