The RBI has conducted special audits to verify whether Indian banks are meeting liquidity criteria, essentially checking that their balance sheets hold up under regulatory expectations. The move signals the central bank’s focus on compliance and risk monitoring, using targeted reviews to confirm banks are following liquidity rules rather than assuming they are.
US shortseller Viceroy is pressuring Vedanta over its Electrosteel (ESL) turnaround story, alleging the company is guzzling cash and pointing to audit red flags. Vedanta counters that ESL is still a key subsidiary and says revenues have doubled since the takeover. The dispute adds fresh heat to corporate governance concerns around the deal.
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