Problem behind Stake Sell | Bad Bank new rules by RBI | PMC Bank news & Privatisation Update

Hi Guys,

In today's video we had covered :-

I) Reserve Bank Of India might come up with new rule, where Banks will not be allowed to transfer Bad loans which were classified as Fraud. Around 1.90 Lacs Crore of Loan is fraud as on 31st Mar 2020, out of which 80% belongs to Public Sector Banks.

II) Government is facing difficulties in Selling stake in IDBI Bank ,as the potential investor will try to be a majority owner, for which LIC has to dilute there stake. Government is having 47% stake in IDBI Bank. LIC has paid around 61-62 Rs/Share, but now the market price has came down to 36 Rs/Share, hence any sell of share by LIC will cause a loss to them.

III) RBI to meet on 19th March 2021, to discuss on moratorium imposed on PMC Bank. Further potential owner of PMC Bank ha to invest Rs 750 Crore so that Depositor can get there entire deposit back.

IV) Government is working on amendment of Banking Companies Act & Banking regulation Act, to ease the process of Bank Privatisation.


##Bankprivatisation
##BadBank