The finance ministry (FinMin) has raised concern over the "inordinate" delay at the Reserve Bank of India (RBI) to complete the vetting process of the interested bidders for IDBI Bank. The long vetting process has kept the strategic stake sale on hold, a senior government official told Business Standard.
The 'fit and proper assessment' by the RBI is a key step for the qualified parties to be eligible to put in their financial bids. "We feel the RBI has taken inordinate time. We have flagged it, we have questioned and persuaded them. They keep seeking more information and queries (to complete the process). We hope they do it faster so that the due diligence can start and the financial bids can be called thereafter," the official said.
Diese Geschichte stammt aus der May 10, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der May 10, 2024-Ausgabe von Business Standard.
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A life that lives beyond
The passing of Ratan Tata marks the loss of not only an iconic leader but also a global visionary whose influence extended far beyond business.
Ratan Tata: The unlikely social media star
On Monday, Ratan Tata posted on social media: \"Thank you for thinking of me,\" debunking rumours about his health. Just two days later, on Wednesday, the former Tata Group chairman passed away in a Mumbai hospital at the age of 86.
Paytm appears poised for rebound
While Paytm (One97 Communications) is not completely past regulatory hurdles, its share price has gained in the last month or two. The Paytm handle migration is complete along with FDI clearance necessary for the Payment Aggregator (PA) license.
Love-all, RAFA
'KING OF CLAY' TO SIGN OFF FROM PROFESSIONAL TENNIS BY THE END OF THIS SEASON
Aman for startups
Ratan Tata was known as much for his business acumen as for his philanthropy. However, a lesser-known fact was his stellar track record when it came to startup investment.
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Final norms to ensure excuse, exclude provisions co-exist
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