SEBI to help banks handle bad loans
DSIJ Intelligence / 22 Apr 2017
In a bid to put a cap on increasing bad loans, the Securities and Exchange Board of India will provide a helping hand to the banks and financial institutions soon.
In a bid to put a cap on increasing bad loans, the Securities and Exchange Board of India will provide a helping hand to the banks and financial institutions soon.
The market regulator will most likely ease the lock-in and eligibility norms for the allotment of preferential shares to ensure a more convenient and faster liquidation of assets acquired by banks through corporate restructuring.
The lenders will not be required to observe the present lock-in period of six months for shares acquired through preferential allotment.
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