PRE-MARKET INDIA STOCK NEWS: India’s Department of Telecommunications is invoking bank guarantees to recover Reliance Communications’ latest spectrum dues

IDBI Bank (IDBI IS) - RBI classified the Co. as private lender after LIC took control of it which reports note could result in a rating downgrade and higher cost of funding. (ET)

Reliance Communications (RCOM IS) - India’s Department of Telecommunications is invoking bank guarantees to recover Reliance Communications’ latest spectrum dues and is set to issue a notice asking why the airwaves shouldn’t be withdrawn. (ET)

Financials - RBI said State Bank of India (SBIN IS), ICICI Bank (ICICIBC IC) and HDFC Bank (HDFCB IS) will have to comply with additional capital requirement norms by April 1 as the banks continue to remain 'too big to fail' lenders. (ET)

15 Mar 2019 - 03:33- Research Sheet- Source: Newswires

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