SEBI eases rules for banks to convert bad loans to equity
Mumbai: Indian banks will be able to convert distressed loans owed by listed companies into equity stakes, the Securities and Exchange Board of India (SEBI) said on Sunday, in a move that will allow lenders to reduce bad loans weighing on their balance sheets.
Mar 22, 2015, 20:19 PM IST
Swiss banks more upbeat despite data exchange concerns: Survey
Eighty-eight percent of the 120 banks covered said their performance was "positive" against 71 percent last year, the EY audit and advisory firm said in a survey.
Jan 09, 2015, 00:01 AM IST
