RBI move

Mumbai, May 7: The Reserve Bank of India today asked banks to perform stress tests at regular intervals to ensure that they were not exceeding the prudential limits. “Banks should regularly perform their own stress tests appropriate to their securitisation positions,” the RBI said in the final guidelines on Securitisation Transactions.

Sebi on IPO

Chennai, May 7: The Securities and Exchange Board of India today said its regional offices would be delegated powers to clear public offer proposals of companies planning to raise up to Rs 500 crore.

Kingfisher

Mumbai, May 7: Kingfisher Airline chairman Vijay Mallya has “assured” the staff of paying their January salaries from Wednesday onwards, airline sources said today.