Banks rush to restructure bad loans before rule change
Banks rush to restructure bad loans, which are non-performing assets (NPAs) with the corporate debt restructuring (CDR) cell ahead of the 1 April deadline
 
Snapdeal buys RupeePower, says no need to raise funds
E-commerce giant Snapdeal buys online financial services firm RupeePower to create more liquidity for consumers as it acts as a match-making platform between lenders, borrowers
 
 
RBI penalises 16 co-operative banks
RBI on Tuesday said it had penalised 16 co-operative banks Rs5 lakh each for non-adherence to know your customer (KYC) norms and anti-money laundering standards.