FPI index net short positions at 5-year high on growing uncertainties in US
Open interest of short contracts of FPIs has risen to 216,000 on the index futures, data from NSE and Bloomberg show. This is more than double of its average of around 100,000 contracts in the past five years.
SBI may not have agreed to invest in YES Bank without AT1 write-off: RBI tells SC
Indeed, a significant factor in SBI’s decision to inject money in Yes was that these loss-absorbent bonds were to be written off before the equity infusion so that there would be no dilution of SBI’s money, the banking regulator is learnt to have said in its special leave petition before the apex court.
Credit Suisse faces possible disciplinary proceedings: Switzerland’s banking regulator
“CS had a cultural problem that translated into a lack of accountability,” Finma President Marlene Amstad told the Sunday newspaper. “Often it was not clear who was responsible for what. This favored a negligent handling of risks.” Whether to start fresh proceedings remains an “open question,” she said, adding, “we’re not a law enforcement agency, […]
PVR, Inox merger was the only way to strengthen balance sheet: MD Ajay Bijli
A key priority for PVR-Inox is improving margins through better capital and operating expenses, says MD Ajay Bijli. In an interview with Vinod Mahanta and Javed Farooqui, Bijli talks about the contours of the deal to merge the two firms that has created the world’s fifth-largest multiplex chain, and the way ahead. Edited excerpts: