Banks have asked the regulator to consider lowering the ‘risk weight’ on loans to unrated small and medium enterprises. An overwhelming number of small businesses do not have any ratings that bigger businesses and corporates obtain from credit rating agencies to get a better deal from lenders.
Solar Industries shares crash 9% after acquisition of South Africa’s Omnia Holdings for Rs 12,951 crore
Solar Industries shares fell sharply on Tuesday after the company announced the Rs 12,951 crore acquisition of South Africa’s Omnia Holdings in an all-cash deal.