Bitcoin may be a household name today, but there are various types of cryptocurrencies that exist. Ever heard of a cryptocurrency bearing the trademarks ‘Tata coin’ or ‘$Tata’?
Banks need to be agile and creative to stay ahead of the digital curve, but banks will have to align their products in compliance with existing laws and regulations.
The mortgage lender said it would also be evaluating other alternatives to raise capital. Its capital adequacy ratio stood at 20.7% at the end of September, higher than regulatory stipulation of 15%. “The primary objective is to raise capital to support the growth of the company,†the company said.
​​A bank is generally placed under the framework based on the audited annual financial results. However this does not bar RBI from imposing restrictions on any bank during the course of a year in extreme cases.
The IL&FS board expects to resolve around Rs 57,000 crore of the Rs 99,000 crore total debt inherited by the directors by March 2022. Overall the Uday Kotak led board expects to complete resolution of Rs 61,000 crore or about 62% of the total debt inherited by the new board in October 2018.
He also urged them to continue providing necessary support as the revival is still fragile.
Normal trading at stock exchanges will also be shut on Thursday, November 4. Instead, exchanges will hold a short ceremonial Muhurat trading in the evening at 6.15 pm. Friday will be a holiday.
In its draft red herring prospectus (DRHP), the Gurugram-based company said it will raise Rs 5,000 crore through issuance of fresh shares while it will have an offer for sale (OFS) component of Rs 2,460 crore where some of its existing investors will dilute their holdings.
In another transaction, Vanderbilt University bought 414,000 shares of CL Educate at Rs. 94.95 apiece through a bulk deal on the NSE.
The consolidated revenue from operations during the period under review stood at Rs 731.25 crore against Rs 656.1 crore in the year-ago quarter, it added.
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