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A self-starter

A self-starter

Having over 15 years of professional experience, Rahul Rao, CEO, Lalitanjali Group, has the ability to wear multiple hats due to his cross functional experience in strategic business planning,

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Relief package

Relief package

The Goa Government is holding discussions with banks to work out a relief package for the borrowers affected by mining ban. Goa Governor Bharat Vir Wanchoo, delivering his customary address at the state assembly on the first day of the five-day budget session, said the banking sector, including cooperative banks, is facing tremendous stress on account of the advances made to various segments of the mining industry turning into non-performing assets.

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Overhaul of Indian banking sector mooted to up growth

Overhaul of Indian banking sector mooted to up growth

To increase growth in banking sector, competition among banks and for peoples' financial inclusion in the country, the Reserve Bank of India (RBI) has proposed a comprehensive overhaul of the countryÂ’s banking structure. Presently, only a universal banking structure is allowed, in the sense there is no separate licencing for niche activities as in developed nations.

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PFC to enter banking, eyes stake buy in State-run banks

PFC to enter banking, eyes stake buy in State-run banks

In a bid to enter banking sector the government-run Power Finance Corporation (PFC) has now decided to acquire a 'substantial' stake in a public sector bank. It has already written to the ministries of finance and power and is waiting for their nod. Like its peers ICICI, IDBI and HDFC, PFC also intends to enter the banking sector.

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Not enough credit enhancements

Not enough credit enhancements

While in theory, the idea behind setting up IDFs is sound, the two structures proposed by the Ministry of Finance at present do not appear to have enough credit enhancement mechanisms to bring in domestic and foreign long term institutional investors, says Amit Dinakar.