NARCL has engaged consultants such as EY, PwC, Alvarez and Marsal, KPMG, Grant Thornton to conduct due diligence for the 18 accounts. It will rely on the due diligence reports to finalise binding offers for these accounts.

The meeting, to be chaired by Financial Services Secretary Sanjay Malhotra, will be attended by top management of banks and financial institutions through virtual mode, the sources said.

Compliance risk is the risk of legal or regulatory sanctions, material financial loss or loss of reputation a UCB may suffer as a result of its failure to comply with laws, regulations, rules, and codes of conduct applicable to its activities, the RBI said in a circular.

Under CGFSEL, default in education loan is covered if the loan limit is ₹7.5 lakh without any collateral security and third-party guarantee. At present, the fund extends guarantee cover against default in education loans sanctioned by public, private and foreign banks.

"The credit demand from farming in general is high. Fish farming and shrimp farming have shown more demand during the ongoing kharif season," said George Alexander Muthoot, managing director, Muthoot Finance.

CBDT said in a detailed clarification that OTS or loan waiver by a bank will not be treated as a benefit or a perquisite and not face Tax Deducted at Source as they would have to bear the additional cost of tax deduction besides the haircut.

According to Crisil, this market share trend is unlikely to change in the near term. The recent merger between pure-play home financier HDFC with HDFC Bank will only bolster the trend, the agency noted.

Currently, the government holds 45.48 per cent in the bank, and Life Insurance Corporation of India, which is currently the promoter of the bank, owns a 49.24 per cent stake. The government, along with LIC, will decide on the quantum of stake that they will sell in IDBI Bank before seeking initial bids. The quantum of stake dilution is expected to be outlined in the EoI.