The bankruptcy court has admitted the insolvency plea against Sterling Biotech filed by Andhra Bank – a move by banks to recover their dues amidst probe by
Day: June 12, 2018
RBI releases draft norms to modify loan system for large borrowers – The Economic Times–12.06.2018
The Reserve Bank today came out with draft guidelines on loan system for delivery of bank credit to improve discipline among larger borrowers enjoying working capital facility from the banking system. The draft
Homebuyers | Bankruptcy code: The problem with treating homebuyers as financial creditors–Economic Times–12.06.2018
By Andy Mukherjee From overburdened tribunals to some bizarre judgments and costly delays, India’s new bankruptcy code has had its share of teething troubles. But the law,
How depositors are affected when there are frauds, NPAs, explains ex-RBI governor YV Reddy – The Financial Express–12.06.2018
Former RBI governor YV Reddy has slammed the government and the central bank for the Rs 13,000 crore scam at the Punjab National Bank (PNB), saying that there
Exports, Private Investment, Private Consumption – the three tyres of Indian Economy punctured: Chidambaram – The Financial Express–12.06.2018
Former finance minister P Chidambaram today said that state of the economy was bad in the country due to the wrong policies of the NDA government and
Taming India’s core inflation: Rate hike was inevitable, but sticking to neutral stance risks MPC’s credibility – The Financial Express–12.06.2018
It is difficult to comprehend a situation in which we confront inflation outside food—the so-called “core inflation”. The narrative about food inflation being the key
Why push for a bad bank when NCLT working fine – The Financial Express–12.06.2018
Last year, when the Economic Survey made a pitch for a bad bank—Public Sector Asset Rehabilitation Agency (PARA)—the primary reason for doing so was that,
NCLT asks Alok Industries RP to reconsider plan submitted by RIL, JM Financial ARC – The Financial Express–12.06.2018
The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Monday directed the resolution professional (RP) for Alok Industries to reconsider the resolution plan
Insolvency and Bankruptcy Code: Bankruptcy court admits lenders insolvency plea against Sterling Biotech – The Economic Times–12.06.2018
The bankruptcy court has admitted the insolvency plea against Sterling Biotech filed by Andhra Bank – a move by banks to recover their dues amidst probe by
Demonetisation: Indians may have gone back to cash & credit pay – The Economic Times–12.06.2018
Indians have likely reverted to their old habit of paying by cash for small purchases with currency circulation improving to near pre-demonetisation levels, indicates an analysis of
Don’t pass the buck: A bad bank will allow PSBs to evade accountability | Business Standard Editorials
The idea of a bad bank — that could take over the non-performing assets (NPAs) weighing down public sector banks — is making a comeback.
RBI’s puzzle | Business Standard Column
The RBI’s main objective is to deliver a consumer price index (CPI) rate of 4 per cent. It also has two other objectives: Exchange rate
Wilful blindness and interest rates | Business Standard Column
India’s 10-year government bond yield, the benchmark for interest rates, is now pushing 8 per cent after the Monetary Policy Committee (MPC) raised the repo rate by
IBC rule barring defaulted promoters ‘can’t be back-dated’ – Business Line
Restricting clause Section 29-A of the IBC says an entity connected to the promoters or the management of the company going through the insolvency process
Reserve Bank aims to tighten working capital loan norms – The Hindu–12.06.2018
Proposes at least 40% loan component in credit of ₹150 cr. and above from Oct. 1 The Reserve Bank of India (RBI) has proposed a
Insolvency Code: what’s new – The Hindu–12.06.2018
Last week, President Ram Nath Kovind gave his nod to promulgate the Insolvency and Bankruptcy code (Amendment) Ordinance 2018. S. Dhanapal, senior partner,S. Dhanapaland Associates, decodes
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