As it was the tenth anniversary of the collapse of Lehman Brothers, the talk in town has been of a recurrence of that nightmare. As
Month: September 2018
Raghuram Rajan’s AQR for PSBs wasn’t a pragmatic move – The Financial Express
Banking dynamics were changing during Rajan’s Governorship, so were policies of regulator. The Note reads like a list of reaction function, not a research-based, policy-driven
RBI rejects Maharashtra Bank request to set off Rs 2,543 cr losses against share premium amount – The Financial Express
The Pune-headquartered state sector lender had got approval of board and shareholders to set off the accumulated loss of the bank as on March 31,
Modi government’s big target: Whopping 14% rise in direct tax collections to Rs 11.5 lakh crore in FY19 – The Financial Express
Modi government’s big target: Whopping Rs 11.5 lakh crore direct tax collections in FY19 CBDT Chairman Sushil Chandra Monday expressed confidence in exceeding Rs 11.5
Corruption costs $2.6 trillion or 5 per cent of global GDP, says UN chief Antonio Guterres – The Financial Express
The cost of corruption is at least USD 2.6 trillion, or five per cent of the global GDP, UN Secretary-General Antonio Guterres has said and
GST–Dealer delight! Gujarat High Court strikes down GST provision as unconstitutional – The Financial Express
The court termed the sub-section concerned as unconstitutional as it violated the vested right of the petitioner. The Gujarat High Court has struck down a
IBC–Liquidation of stressed firms: Creditors staring at 92% haircut – The Financial Express-R
The liquidation value of the 124 companies has been pegged at just Rs 4,817 crore, while the total admitted claims of creditors (both financial and
Merger of banks: This is the best combination possible, says Vijaya Bank MD | Business Standard News
Vijaya Bank’s Managing Director and Chief Executive Officer R A Sankara Narayanan Bengaluru-based Vijaya Bank’s Managing Director and Chief Executive Officer R A Sankara Narayanan said these
IBC process: Delays put role of adjudicating authorities in spotlight | Business Standard News
Last week, the Supreme Court observed that the role of adjudicating authorities came only after a resolution plan is finalised and said that they were
The fair value of rupee | Business Standard Column
While the recent fall of the rupee against the dollar has raised concerns, the moot point here is — has the rupee really fallen. Leave aside the dollar, which
NPA–Banks’ credit costs to stay at 2-3% till FY20, says India Ratings | Business Standard News
Banks will continue to see their credit costs (amount set aside for bad loans) stay at 2-3 per cent in FY19 and FY20 because of ageing
GST–Much onus on auditors – The Hindu BusinessLine
Now, tasked to find additional GST liabilities Over the last month or so, the Central Board of Indirect Taxes and Customs(CBIC) has been engaged in
Rupee resumes fall as govt measures fail to click – The Hindu BusinessLine
It was a volatile week for the Indian rupee. The currency tumbled to a new record low of 72.91 on Wednesday, and recovered sharply from
Bank Merger–Amalgamation plan puts Bank of Baroda’s recovery efforts on the backburner – The Hindu BusinessLine
After the merger of State Bank of India with its five associate banks, Bank of Baroda had long been under focus for possibly being the
Bank Mergers–Unions oppose proposal to merge three lenders – The Hindu BusinessLine
Bank unions say they will oppose the proposed amalgamation between Bank of Baroda, Dena Bank and Vijaya Bank, claiming the move is anti-people and will
Numetal joins war of letters, points fingers at Mittals – NEWS – The Hindu BusinessLine
The fight to take control of Essar Steel intensified on Monday with Numetal seeking to know from the the resolution professional (RP) overseeing the insolvency
Rupee in a global world | The Indian Express
The crux of the problem is that India’s macroeconomic framework is based on an antiquated belief that the economy is closed when in reality it
Banks to go ahead with power units’ resolution plans – The Economic Times
After initial apprehensions, law firms have finally interpreted the brief judgement as favourable to the resolution proceedings and interpreted status quo only on insolvency proceedings
The new direct taxes code must not die
The task force to rewrite the over five-and-a-half-decade-old income-tax Act must submit its report swiftly to enable the government to push for reforms in direct
Welcome commitment to hold the rupee
The government has done well to try and address concerns on the rupee. The most credible and reassuring statement is that the government would not
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