GST collections touched their highest since the single levy was launched in July 2017, coming in at Rs 1.07 lakh crore in March. The goods
Day: April 3, 2019
RBI Circular: In one fell swoop, SC punctures RBI’s efforts to tackle bad loans | RBI–Economic Times
SC quashes RBI rules for cos defaulting on loans In a move that may change the very basics of the India’s bankruptcy regime, the Supreme Court today
Banks can now refer defaulters to NCLT on case by case basis: Bankers – The Economic Times
With the Supreme Court nixing February 12 circular, the banks will now have discretion in taking the defaulting companies to NCLT under Insolvency and Bankruptcy Code (IBC), said experts. The Supreme
Legal fraternity divided over apex court order on NPA circular – The Economic Times
The ruling shows that how a questionable administrative decision can be immensely counterproductive. Mumbai-Legal experts have given mixed views on the Supreme Court judgement quashing the Reserve
RBI: Supreme Court strikes down RBI’s February 12 circular on defaulting firms, calls it illegal | RBI february 12 circular–Economic Times
Highlights The circular asked banks to either resolve or file for insolvency. Reference under IBC will be done on case specific basis and with authorisation
bankruptcy law: I am sure RBI will decide in present market conditions: Arun Jaitley on SC verdict on insolvency circular – The Economic Times
After the Supreme Court quashed an RBI circular on the provisions for declaring a company bankrupt even on a one-day overdue, Finance Minister Arun Jaitley Tuesday expressed confidence that the central
Court Fire-Bombs Banking Discipline–Economic Times
The Supreme Court’s ruling quashing the RBI’s February 12 circular is unfortunate. It is a setback for banking and the resolution of bad loans. Indian
RBI: ET view: Huge blow to the bankruptcy code–Economic Times
The Supreme Court has erred in quashing the controversial February 12 RBI circular that imposed stringent conditions on lenders on loan repayments. It was meant to make
Pie in the sky? Rahul Gandhi will need Rs 17-18 lakh crore to implement Congress manifesto – The Financial Express
Congress Lok Sabha Election Manifesto: Wealth and welfare are the two key promises made by the Congress in its manifesto released on Tuesday by party president Rahul Gandhi.
Need to boost FDI flows – The Financial Express
One of the key takeaways from the Balance of Payments (BoP) data for Q3FY19 is that capital flows, foreign direct investments (FDI) in particular, are
SC’s move on RBI’s Feb 12 circular may pose fresh trouble for banks; Moody’s explains how – The Financial Express
Supreme Court’s verdict declaring RBI’s February 12 circular as unconstitutional is credit negative for the banks, said a global rating agency. Following this setback to the
SC order on RBI circular doesn’t take away our right to go to NCLTs: Banks | Business Standard News
Bankers have opined that the Supreme Court quashing the February 12 circular on NPA recognition does not dilute credit discipline and that they will continue the resolution
SC order on RBI circular negative for banks, may defer debt resolution | Business Standard News
Ratings agencies and industry analysts have said the Supreme Court striking down the February 12 RBI circular on loan defaults as credit negative for banks as the debt resolution process may have to be started
SC order raises questions on the way Banking Regulation Act empowered RBI | Business Standard Column
The Supreme Court (SC) order quashing the circular of the Reserve Bank of India (RBI) issued on February 12, 2018, may have given relief to
Setback for RBI | Business Standard Editorials
Prima facie, the Supreme Court’s judgment quashing the Reserve Bank of India’s (RBI’s) February 12, 2018, circular, mandating banks to recognise one-day defaults and invoke
SC order on insolvency circular is a blow but war on bad loans to continue | Business Standard Column
At the risk of being in contempt of court, I would love to say that Tuesday’s Supreme Court judgment in military parlance is akin to
Realtors can opt for old GST rates with input tax credit till May 10 | Business Standard News
Real estate firms have time till May 10 to communicate to their respective jurisdictional officers whether they want to continue with the old GST rates with input tax
Will banks act proactively to deal with stressed assets or kick the can down the road? – The Hindu BusinessLine
The sword of Damocles hanging over banks’ heads has been done away with, thanks to the Supreme Court’s ruling that has struck down the RBI’s
A huge setback – The Hindu BusinessLine
By quashing the RBI circular on resolution under IBC, SC has complicated the NPA mess By striking down the RBI’s February 2018 circular that mandated
Rating agencies see further delay in resolution process of stressed assets – The Hindu BusinessLine
But genuine borrowers now have more time for resolution The resolution of stressed loans where lenders’ aggregate exposure is ₹2,000 crore or more could get
