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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.

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.

RBI should make balance sheet more transparent: Committee

The Reserve Bank should make its balance sheet more transparent by including information such as employee cost and expenses on printing of notes, a committee has said.

Prima facie all allegations against Vadra untrue: Congress

Congress sought to dismiss demands for an inquiry in the wake of reports that Corporation Bank did not provide an overdraft of Rs 7.94 crore to a company controlled by Robert Vadra despite its balance sheet showing it.