These RBI guidelines tell you the maximum time a bank can take to credit your money back in your bank account before the penalties kick
Day: October 14, 2019
Online auction of assets in IBC resolution–Economic Times
The government’s reported plan to institute an online financial bidding process for the resolution of companies admitted in insolvency courts makes eminent sense. However, instead
World Bank says slowdown in India is severe, cuts GDP forecast to 6% | Business Standard News
The World Bank cut India’s economic growth forecast by the most among South Asian nations on Sunday, below the outlook pegged by the nation’s central bank for
From criminal cases to commercial suits, here’re the key court orders | Business Standard Column
Commercial court isn’t for every dispute Disputes involving high-value transactions cannot be dressed up as commercial suits and taken to commercial courts for speedy disposal.
Half of world’s female entrepreneurs are denied funding; a third faces gender bias from investors – The Financial Express
Investment pitches by a whopping 50 per cent of female entrepreneurs globally are denied funding from investors, claimed a report by HSBC Private Banking surveying
RBI exercising forbearance on MSME lending as small business loans are in trouble, says Raghuram Rajan – The Financial Express
According to a report by CIBIL, the outstanding MSME credit went up to Rs 25.2 lakh crore at the end of 2018 up from Rs
We need to improve the tight credit situation: NITI-Aayog VC – The Hindu BusinessLine
Low credit-to-GDP ratio, perhaps, implies the banking sector is unable to meet the economy’s credit needs: Rajiv Kumar “Talk of recession is completely misplaced,” Rajiv
Insolvency Law Committee plans to meet on October 15 to discuss new reforms for IBC – The Hindu BusinessLine
The new resolution mechanism for finance companies may apply only to limited set of entities. Deposit taking and systemically important NBFCs may be kept out
RBI’s decision in the LVB-Indiabulls merger case is prudent – The Hindu BusinessLine
But the regulator owes markets an explanation After pondering over the merger proposal between Indiabulls Housing Finance and Lakshmi Vilas Bank for a good six
Do public sector banks really need deposit insurance? – The Hindu BusinessLine
Recent figures show a disparity between the premium collected from and claims settled for PSBs. Exempting them from the Deposit Insurance Scheme should be considered
Is there a case for a strong rupee? – The Hindu BusinessLine
Growth with stability, not external intervention, will put the rupee in a ‘sweet spot’ to help India become a $5-trillion economy The Modi government has
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