The Reserve Bank of India has scrapped numerous loan restructuring programmes prevalent among banks to restructure defaulted loans and made resolution of defaults time bound
Month: February 2018
NPA resolution: One size doesn’t fit all | Business Standard Column–13.02.2018
The sizeable and growing problem of non-performing assets in the banking books is a national concern. Policy makers, banking regulators and the banking system have
Exporters claiming higher drawback must submit self-declaration | Business Standard News–13.02.2018
For all exports made with effect from July 1, 2017 for which higher rate of drawback is claimed, exporters have to submit the self-declaration in
IBC has changed the way banks, firms work: Sanyal – Business Line–13.02.2018
Twesh Mishra The implementation of the Insolvency and Bankruptcy Code (IBC) has started cleaning up the loan disbursal process and even the the nature of
Unending pain: On SBI’s Q3 loss – The Hindu–13.02.2018
If the financial performance of India’s largest lender is anything to go by, an end to the severe bad loans crisis may be much farther
RBI To Have Additional Instrument For Liquidity Management – BW Businessworld–13.02.2018
The Reserve Bank will soon have greater flexibility in terms of managing its liquidity operations with the addition of one more tool ‘Standing Deposit Facility
RBI notifies revised framework to deal with bad loans – BW Businessworld–13.02.2018
The Reserve Bank of India today came out with a revised framework for expeditious resolution of bad loans, harmonising the existing guidelines with the norms
SBI reports divergence of Rs 23,239 crore, joining likes of HDFC Bank, Axis Bank, Yes Bank–13.02.2018
Last Friday, the State Bank of India, the country’s largest bank, reported its first quarterly loss in 17 years, shocking analysts who were busy predicting
GST Council: GST return simplification panel to meet industry this week – The Economic Times–12.02.2018
The government appointed panel on GST returns under GSTN chairman Ajay Bhushan Pandey will meet industry and traders this week to seek their views on
Government measures to ensure MSMEs become growth engine: DFS secretary – The Economic Times–12.02.2018
A slew of recent measures, including tax concessions in the budget, for micro, small and medium enterprises (MSMEs) has been taken with an aim to
For healthcare, Budget 2018 gifts a jumla, says P Chidambaram – The Financial Express–12.02.2018
So many questions have been asked about the Union Budget for 2018-19. Let me ask one on the Central government’s expenditure. What does the government spend
From arbitration to cheque bounce cases, here are list of key court orders | Business Standard Column–12.02.2018
Arbitration placed in fast lane When the Commercial Courts Act is invoked as against the Arbitration and Conciliation Act in a dispute between companies, it
Budget 2018 has provided a big boost to MSMEs – The Financial Express–12.02.2018
Budget 2018: The Union Budget 2018 clearly recognises the strain on the economy, particularly in the farm and informal sectors, in terms of job creation.
Pause for now, rate hike later this year – Business Line–12.02.2018
If the CPI inflation remains elevated, there may be a rate hike in the second half of 2018 In line with our expectations, the Monetary
Thank RBI for small mercies – Business Line–12.02.2018
In a Credit Policy that came in the backdrop of a gathering perfect storm — mini-mayhem in global asset markets, a widely-panned Budget, and a
Medicare is not healthcare – The Hindu–12.02.2018
What was perhaps the biggest announcement in the Budget didn’t actually involve any money. The National Health Protection Scheme, touted as the world’s largest healthcare
Chanakya’s View: Well done, Mr Jaitley! At least you tried–Deccan Chronicle–12.02.2018
Finance minister Arun Jaitley has presented this government’s last substantial Budget before the next general elections in 2019. In the best of circumstances, the job
P Chidambaram: Centre a terrible patient, unwilling to listen to good doctor: P Chidambaram – The Economic Times–11 02.2018
Former Union finance minister and senior Congress leader P Chidambaram today hit out at the Centre over its budget, dubbing it a “blood-sucking” dispensation, and
monetary policy: Need to be forward-looking on monetary policy: RBI Governor Urjit Patel – The Economic Times–11.02.2018
RBI Governor Urjit Patel today said the monetary policy decisions need to be “forward- looking” and cannot be taken on the basis of day-to-day inflation
Chidambaram takes swipe at NDA govt, says economy downward – The Economic Times–11.02.2018
Chidambaram: “What is the direction of NDA’s growth rate? Investments? Savings? Credit growth? All downward.” Congress leader P Chidambaram today took a swipe at the
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