In the case of CCC, bankers were stunned to receive a ₹60 crore bid for a total of ₹2,623 crore outstanding dues, a less than 3% recovery for banks. The NARCL bid even dwarfs the promoter's offer for ₹195 crore, which had envisaged 7.5% recovery for banks. Bankers said the offers for Rainbow Papers and EPC company CCC is between 2% and 8% of the outstanding loans, making it difficult for them to consider.

“Regulated entities are increasingly using outsourcing as a means for reducing costs as well as for availing expertise not available internally,” governor Das said after the post policy announcement. “Although outsourcing of a permissible activity is an operational decision of regulated entities, it exposes them to various risks.”

The company took to Twitter and said, "We regret the inconvenience caused to our valued users this morning due to unprecedented external network issues. Thanks to our engineering teams' swift actions, we were able to get systems up again in a short time. We'd like to help you all individually. Pls read further."

"When there is a credit offtake, banks can sustain and support that credit offtake only if they have higher deposits. They cannot be relying on the central bank money on a perennial basis to support credit offtake...they have to mobilise their own resources and funds," Reserve Bank of India Governor Shaktikanta Das said during the post policy meeting.

A joint lenders' meeting will take place on Monday to consider this, Uco Bank managing director Soma Sankara Prasad said. Uco Bank is one of the major lenders to the Srei companies with Rs 1100 crore outstanding loans.

The department had also found that the said fund manager and chief trader was sharing specific trade related information with brokers/middlemen and persons located in power certain foreign jurisdictions.

A Joint Company Scheme remains subject to various statutory and regulatory approvals, including from NCLT, Competition Commission of India and the respective shareholders and creditors of the companies involved in the scheme as may be required, HDFC said in a regulatory filing.

"Our digital capabilities have helped us serve our customers seamlessly even during the pandemic in all our markets, including India. Our suite of digital offerings helped MSMEs (Micro, Small and Medium-sized Enterprises) in India meet working capital needs and operational liabilities," underlined the tech-savvy banking veteran. DBS also helped MSMEs in India to navigate the challenging business environment by disbursing loans to the segment during the lockdown months.