Lenders need to look beyond credit bureau in assessing risks of MSME lending and detecting early warning signal, as borrowing from multiple borrowers is getting increasingly risky,
Month: January 2019
MSME: Stacked loans and those sanctioned by multiple lenders prone to higher NPA risks: Report – The Economic Times
Stacked loans by borrowers have a higher potential of turning into Non-Performing Asset (NPAs), reveals the recently released TransUnion CIBIL- SIDBI MSME Pulse Report. The latest report
HDFC approaches NCLAT to recover dues from RHC Holding; challenges NCLT order – The Economic Times
To recover the remaining amount, HDFC filed an insolvency plea against RHC Holding before NCLT. HDFCNSE -0.71 % has challenged an NCLT ruling that dismissed the
Bank of India sells exposures to three large accounts – The Financial Express
Bank of India (BoI) sold its exposures to three large accounts — Alok Industries, Asian Colour Coated Ispat and ISMT — during the quarter ended
A Leg-up for MSMEs: Interests of operational creditors to be secured under insolvency code – The Financial Express
Currently, only financial creditors are part of the CoC that decides on a resolution plan and selects the winning bidder. Operational creditors (OCs), mostly MSMEs,
Bad news for Modi government ahead of Budget 2019: Direct tax growth lower than estimates in April- December – The Financial Express
The government has been banking on direct tax collection to somewhat bridge the likely deficit in GST collections. The net (post-refunds) direct tax collection for
GST rules: No e-way bill if returns not filed for two months – The Financial Express
GST: No e-way bill if returns not filed for two consecutive months In a bid to force non-compliant businesses to file returns regularly, the finance
Trade talks with China going ‘very well’, says US president Donald Trump – The Financial Express
Trump argued that the trade deficit with China is unsustainable. US President Donald Trump, who has been accusing China of indulging in unfair trade practices
RBI asks IL&FS lenders to classify loans to firm as non-performing: Report | Business Standard News
India’s central bank has asked lenders of Infrastructure Leasing and Financial Services Ltd (IL&FS) to classify loans extended to the bankrupt shadow banking firm as
11 million jobs lost in 2018 – one-third of them by the salaried class | Business Standard Column
India’s unemployment rate shot up to 7.4 per cent in December 2018. This is the highest unemployment rate we’ve seen in 15 months. The rate has increased sharply from
Brazil’s new populism | Business Standard Editorials
The global community’s turn towards populism lurched a little further last week when Jair Bolsanaro was sworn in as president of Brazil. The South American giant dominates the continent’s
Give details of insolvency law committee, Supreme Court tells Centre | Business Standard News
The Supreme Court on Tuesday asked the Centre to detail the composition of the Insolvency Law Committee set up to identify and suggest ways to address issues
NCLAT asks Liberty House if it will go ahead with Amtek Auto resolution | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) has asked if UK-based Liberty House is willing to go ahead with its resolution plan for the debt-ridden Amtek Auto in which
Section 74 of insolvency code needed, but can deter bidders: Experts | Business Standard News
The jury is still out on Section 74 of the Insolvency and Bankruptcy Code (IBC), which details provisions for punishment of company officials who breach
GST, excise, service tax evasion shoots up to Rs 48,555 cr in Apr-Dec | Business Standard News
GST, central excise and service tax evasion detected during the April-December period of the current financial year stood at Rs 48,555 crore, the highest in two years. During the
The DeMon’s alternative – The Hindu BusinessLine
If the Centre had stuck to its ‘minimum government’ promise, it may have met the note-ban goals – without the pain In a New Year’s
Farm loan waivers are not the panacea – The Hindu BusinessLine
The Centre and States must eschew the politically expedient option of loan waivers and look for long-term solutions The sweeping wave of loan waivers has
All you wanted to know about… – OPINION – The Hindu BusinessLine
Come February, the financial media is usually abuzz with debates about the Union Budget. But this time around, the excitement is a little muted given
Centre, states, industry to discuss ways to boost export on January 10 – The Hindu BusinessLine
In the wake of growing protectionism globally, centre, state governments and industry representatives will meet on January 10 to discuss ways to boost the country’s
Object of IBC paramount, says NCLT – BUSINESS – The Hindu
The Mumbai Bench of the National Company Law Tribunal (NCLT) has observed that rejection of a resolution plan on technicalities, without going into its merits,
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