It said that the mandate of the RBI as far as regulation of banks is concerned draws upon the considerations of protection of depositors#39; interest and maintenance of financial stability, which also require that the banks remain financially sound and profitable.Interest waiver on loans in moratorium | RBI tells SC that banks stand to lose Rs 2 lakh crore if interest is waived: Report
It said that the mandate of the RBI as far as regulation of banks is concerned draws upon the considerations of protection of depositors#39; interest and maintenance of financial stability, which also require that the banks remain financially sound and profitable.
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In July, HCL Technologies had announced a Rs 4,000 crore buyback programme for FY19 at a price of Rs 1,100 per equity share.
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