EOD update 08-06-2019

Labour law reforms coming, but won’t allow hire & fire: Rajiv Kumar
Private investment has to lead the way for the next phase of growth, says Kumar.

RBI Imposes Rs 2 Crore Fine On Kotak Mahindra Bank

The RBI said it decided to impose a penalty after reviewing the bank’s reply to a notice seeking an explanation about why it had not complied with regulatory norms.

These two fund houses alone have 56% exposure to DHFL debt Of the total mutual fund exposure to DHFL debt, Rs 4,323.14 crore are in debt schemes.

RBI issues revised circular on resolutions of stressed loans.

RBI says earlier schemes for stressed loans’ resolution discontinued

UTI MF Had Taken A 75% Markdown To DHFL Securities UTI MF Sees More Pressure, Legal Action On DHFL From Creditors

UTI Mutual Fund: Increases Markdown To DHFL Debt Securities To 100% Introduces Exit Load In Some Schemes Prospective Basis

DHFL to pay remaining NCD interest of Rs 890 cr next week

RBI says Kotak Bank Ltd failed to adhere to RBI directions asking to furnish shareholding details of promoters, plans to comply with a timeline for dilution.
RBI Imposes Rs 2 Cr Monetary Penalty On Kotak Bank Ltd For Deficiencies In Regulatory Compliance

RBI eases the ‘1-day default’ rule & replaces it with a 30-day grace period as it unveils new norms for resolution of stressed assets.

Nirmala Sitharaman highlights India’s efforts to counter tax avoidance, evasion
On the sidelines of the G-20 meet, Sitharaman also held a bilateral meeting with her UK counterpart Philip Hammond.

Vodafone Idea shareholders, creditors approve the transfer of fiber infra to a subsidiary
The meeting of shareholders and creditors of the company were separately held on June 6.

Vikesh Kumaar Kataria

Experienced Founder of Brokers Bazaar with a demonstrated history of working in Skilled in RMS from various big corporate giants, Analytical Skills, Banking, Entrepreneurship, Digitalisation and Equities with Strong entrepreneurship professionalism. Experienced Co-Founder with a demonstrated history of working in the logistics and supply chain industry.

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