The National Company Law Tribunal (NCLT) Tuesday rejected the debt settlement proposal put forth by the shareholders of Essar Steel saying the offer violates Section 12A of
Day: January 30, 2019
Government sets March deadline to resolve 9 top insolvency cases – The Economic Times
The government has set a March deadline for lenders and resolution professionals (RPs) to resolve nine of the dozen high-value insolvency cases, with Essar SteelNSE 0.00 % and Jaypee InfratechNSE
Timely NCLT resolutions can release Rs 67,000 crore to lenders: Report – The Economic Times
While the number of insolvency cases are expected to pile up over the next few quarters, timely conclusion of cases within the law mandated 180-270
Banks need reform, not exhortations–Economic Times
The right incentives and the right institutional framework, complete with rigorous governance norms, are what bankers need to lend to deserving borrowers without reservation, not
SBI alleges Aadhaar data misuse, UIDAI rubbishes charge – The Economic Times
Officials of State Bank of IndiaNSE -0.36 % (SBI) have alleged that data of the Unique Identification Authority of India (UIDAI) has been misused. Logins and biometrics of their Aadhaar operators
Follow prudential norms for credit without being excessively conservative: Shaktikanta Das to banks – The Financial Express
Das emphasised the need for further strengthening various aspects of banking, including underwriting standards, capacity building, use of technology and governance. Reserve Bank of India
PCA Framework: FinMin bats for ‘ROA’ parameter tweak – The Hindu BusinessLine
Any moderation could help some PSBs come out of PCA net The Finance Ministry has made a case with the Reserve Bank of India (RBI)
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