ETMarkets Morning Podcast: RBI order puts 3 banks in succession planning mode

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from Stocks-Markets-Economic Times https://ift.tt/3xoLeb7

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SBI to meet RBI brass on Aircel insolvency

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The RBI’s opposition to ARCs becoming resolution applicants (RA) could scuttle not just the Aircel plan but that of others such as Reliance Communications (RCom) as well. This would hurt state-run banks such as SBI, since they are the biggest lenders to companies that ARCs are looking to acquire in insolvency cases. from Stocks-Markets-Economic Times https://ift.tt/3joZLeO
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