Scheme of reconstruction of Yes Bank Ltd: some suggestions on the draft scheme. Executive Summary: I have carefully gone through the scheme of merger and as hardcore banker, I feel RBI may look at Sec 19(2) of Banking Regulation Act which cover aspects like applicability of SEBI take-over code and Pricing of the shares of […]
You might have read a lot on PMC bank debacle (including some of my articles on PMC Bank and DICGC) in the last couple of days. The communication to Governor RBI (I termed it as ‘an open letter’) write up and commentary will speak of the reality, the current state of affairs. The risk of losing […]
Appropriateness of usage of tag-line: ‘It is computer generated letter/report/ statement/advice and therefore does not require any signature’ in commercial communications Background: In every walks of life, we come across a situation where we receive an unsigned business letter/Receipt/Advice which bears the legend “ This letter/Report Advice is computer generated and therefore does not require […]
Most of you may be reading, listening to the news on Punjab Maharashtra Co-operative Bank’s failure and would broadly be aware as to how a co-operative bank ranking number four in the Cooperative sector with apparently good balance sheet became almost become bankrupt, overnight. At this stage issue of accountability would be discussed for many […]
