RBI appoints panel to assist Reliance Capital administrator

Mumbai: A day after superseding the board of Anil Ambani promoted Reliance Capital, the Reserve Bank of India on Tuesday appointed a three-member advisory committee to assist the newly appointed administrator of the crisis-ridden non-banking financial company. PTI

New Delhi

Karvy case: SAT quashes NSE’s directive to Axis Bank

In a relief to Axis Bank, the Securities Appellate Tribunal (SAT) has quashed a direction issued by National Stock Exchange of India Ltd (NSE) that funds lying in the bank account of Karvy Stock Broking are the assets of the exchange’s defaulter committee. PTI

New Delhi

Bank officers’ union starts protest against privatisation

The All-India Bank Officers’ Confederation on Tuesday launched a nationwide movement against the proposed privatisation of state-owned lenders. PTI