The margin framework, which owes its origin to the financial meltdown of 2008, is aimed to reduce risks and contagion damages of volatility and default in over-the-counter, or one-to-one that banks cut with companies and other banks.
With this, Airtel Payments Bank is amongst the first four banks to offer face authentication for AePS in the country, the telco added. The roll out is being deployed in phases, starting with the first phase that includes non-financial transactions like balance enquiry and mini-statements.With this, Airtel Payments Bank is amongst the first four banks to offer face authentication for AePS in the country, the telco added. The roll out is being deployed in phases, starting with the first phase that includes non-financial transactions like balance enquiry and mini-statements.
Private equity firm Carlyle and Indian billionaire Azim Premji's investment unit are in separate talks to invest about $150 million in TVS Credit Services, an arm of scooter and motorcycle maker TVS Motors, two sources told Reuters. The winner of the race to bet on India's fast-growing shadow-banking sector could get a stake of 20%, one of the sources said. A valuation of about 50 billion rupees ($612 million) for TVS Credit is being discussed, both sources said.Private equity firm Carlyle and Indian billionaire Azim Premji's investment unit are in separate talks to invest about $150 million in TVS Credit Services, an arm of scooter and motorcycle maker TVS Motors, two sources told Reuters. The winner of the race to bet on India's fast-growing shadow-banking sector could get a stake of 20%, one of the sources said. A valuation of about 50 billion rupees ($612 million) for TVS Credit is being discussed, both sources said.
"The guarantee is a big issue no doubt but the fact of the matter is that NARCL has taken too long to conduct due diligence and make concrete offers," said a person familiar with the matter. "And even when they have made offers, those have been too little for banks to take a call which has meant an unecessary back and forth. All these factors have jeapordised the NARCL idea.""The guarantee is a big issue no doubt but the fact of the matter is that NARCL has taken too long to conduct due diligence and make concrete offers," said a person familiar with the matter. "And even when they have made offers, those have been too little for banks to take a call which has meant an unecessary back and forth. All these factors have jeapordised the NARCL idea."