Shri M. Nagaraju, Secretary of the Department of Financial Services (DFS), Ministry of Finance, chaired a quarterly review meeting with the National Asset Reconstruction Company Limited (NARCL), joined by representatives of all public sector banks. The meeting assessed NARCL’s performance for Q3 and strategic objectives for the upcoming quarter. During…
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CCI Clears Emirates NBD Acquisition in RBL Bank
The Competition Commission of India (CCI) has approved Emirates NBD Bank (P.J.S.C.)’s proposed acquisition of up to 74% shareholding in RBL Bank Limited (RBL), following regulatory compliance and strategic arrangements. The combination includes a preferential allotment, mandatory open offer, and the merger of ENBD’s Indian banking operations with RBL on…
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DFS Hosts DRAT–DRT Meet to Boost Recovery
The Department of Financial Services (DFS), Ministry of Finance, convened a high-level colloquium today at Vigyan Bhavan, New Delhi, bringing together Chairpersons of Debts Recovery Appellate Tribunals (DRATs) and Presiding Officers of Debts Recovery Tribunals (DRTs). The event was attended by senior DFS officials, representatives of public and private sector…