The resolution of 12 large accounts were initiated by banks as directed by the Reserve Bank of India (RBI). The 12 large non-performing assets (NPAs
Month: May 2019
GST: Why it may be premature to cheer the surge in April GST collection – The Economic Times
If we look back into the previous year, average collections for March-April 2018 stood at Rs 103,500 crore, which was 20.4 per cent higher than
exports: Handling your shipment should be as easy as ordering on Swiggy, Zomato – The Economic Times
By Troels Stovring The complexity that exists in the international trade and logistics industry has become a significant barrier for growth of many small and medium sized enterprises (SMEs)
Cyber criminals hide in the ‘dark web’ to remain anonymous – The Economic Times
By Tushar Kaushik Bengaluru: An increasing number of cyber criminals are using the dark web — the encrypted part of the internet that cannot be tracked — to shop
You can get compensation for delayed re-credit if account debited due to failed ATM transaction – The Economic Times
About 16,000 complaints, or 10 percent of all customer grievances at the banking ombudsman offices in FY18, were registered under the head ‘account debited but cash not
NBCC: Jaypee Infra insolvency: Homebuyers want NBCC bid to be reconsidered; say no faith in private cos – The Economic Times
In 2017, NCLT admitted the application by an IDBI Bank-led consortium seeking resolution of Jaypee Infratech. Distressed homebuyers of debt-ridden Jaypee Infratech Thursday demanded that
Amrapali’s lawyers given flats & penthouses: Forensic auditors to SC – The Economic Times
The hearing in the matter remained inconclusive and would continue on May 8. In yet another startling revelation, the embattled Amrapali Group gave away flats and penthouses
Care rating: Indiabulls Housing Finance on credit watch – The Financial Express
The top 10 individual corporate loan exposures on a group basis constituted 44% of Indiabulls Housing?s tangible net-worth as on March 31, 2018, up from
Embargo lifted: Banks get NCLAT go-ahead to declare defaulting IL&FS accounts as NPAs – The Financial Express
The bench has observed that lenders must not withdraw support until a resolution is found of the IL&FS and its group companies. The National Company
Rs 7 trillion of corporate papers downgraded since start of IL&FS fiasco | Business Standard News
Mutual funds (MFs) and other lenders with an exposure to debt papers are feeling the heat as nearly Rs 7.5 trillion worth of corporate papers
Wilful defaulters must not be allowed to buy back their assets – The Hindu BusinessLine
The discussion paper on corporate liquidation process put out by the Insolvency and Bankruptcy Board of India last week has inexplicably left a backdoor open
IBBI streamlines insolvency professional’s ‘temporary surrender’ process – The Hindu BusinessLine
An insolvency professional (IP) may not find it easy to wriggle out of an existing transaction because of the difficult situations faced during the corporate
GST revenue: GST collection jumps to Rs 1.13 lakh crore in April, the highest since its rollout
The ministry said the total number of GSTR 3B Returns filed for the month of March up to 30th April, 2019 is 72.13 lakh The GST collections
Krishnamurthy Subramanian: Fear of losing a company post IBC changing credit behaviour: Krishnamurthy Subramanian
Subramanian says the Insolvency and Bankruptcy Code is a big reform that is changing credit behaviour and calls for incentives for young businesses rather than
Lenders to take 52% haircut as Patanjali’s resolution plan for Ruchi Soya gets the go-ahead – The Financial Express
Ruchi Soya Industries was admitted into the corporate insolvency resolution process (CIRP) on December 15, 2017, based on application of financial creditors Standard Chartered Bank
Sexual harassment charges: Probe against CJI Ranjan Gogoi going nowhere – The Financial Express
More important, while the SC has divided the inquiry into two parts, the sexual harassment charges and the larger conspiracy—an advocate has added to the
Crossing the Vishaka bar | Business Standard Column
In 1997, the Supreme Court broke new ground for women’s rights by setting out explicit guidelines requiring organisations to set up sexual harassment complaints committees. In 2013,
Why Jet Airways revival is difficult: SBI reveals REAL hurdles for investors – The Financial Express
The top lender of ailing Jet Airways India Ltd. said the burden of reversing the grounded carrier’s negative net worth before it can fly again
Why Jet Airways revival is difficult: SBI reveals REAL hurdles for investors – The Financial Express
The top lender of ailing Jet Airways India Ltd. said the burden of reversing the grounded carrier’s negative net worth before it can fly again
Bad debt at US banks rises on higher credit card losses – The Hindu BusinessLine
For the biggest US banks, not all consumer debt is created equal. Credit card losses are outpacing auto and home loans at a rate not
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