Author: Anil R Tikotekar

The time has come for the Centre and the RBI to take tough decisions on public sector banks With the financials of stressed public sector

Essar Steel is being auctioned after the company defaulted on payment of about Rs 49,000 crore loan to lenders. VTB-led Numetal, a prominent bidder for Essar

RBI’s punishments would in effect shut down a good portion of the Indian banking sector. By Mihir Sharma India seems intent on cleaning up a banking

The world of crony capitalism in India has come to an end with the introduction of Insolvency and Bankruptcy Code (IBC), Niti Aayog chief executive Amitabh Kant said here at a

Various factors like the type of income, quantum of income, residential status of the tax payer etc. need to be considered to select the right

The Enforcement Directorate (ED) today said it has attached assets worth Rs 184.68 crore of Rajasthan-based Chartered Accountant (CA) and others in connection with its

The guidelines on Net Stable Funding Ratio (NSFR) are in line with global norms prescribed by the Basel Committee. The RBI today issued detailed NSFR guidelines to

In the current environment, therefore, where banks stand to lose a lot of taxpayer money, it is important to consider options that would allow them

The legislature might come up with a new structure by adding more DRT benches and revisiting provisions relating to individual insolvency. Although liquidation and bankruptcy

The Centre may ask the Reserve Bank of India (RBI) to consider revising the prompt corrective action (PCA) framework so that a complete restriction on fresh lending does not

The International Monetary Fund (IMF) has released a set of indicators for worldwide debt that has raised many valid concerns. It estimated that global debt was now $164 trillion, 225 per

As crude oil prices soared above $80 a barrel for the first time since November 2014, government number-crunchers are feeling fidgety, as it will affect

Finance Minister Piyush Goyal on Thursday expressed confidence that the 11 public sector banks (PSBs) currently under the RBI’s Prompt Corrective Action (PCA) framework will

Scam-hit Punjab National Bank received a ‘warning’ from SEBI for its tardiness in complying with various mandatory norms in the wake of the Nirav Modi

To survive, they can pare their lending and cash dispensing roles. Deposits can be invested in securitised assets of small banks When the idea of

On Tuesday the rupee closed below Rs 68 to a dollar, its lowest in over a year. It was not on account of a sudden,

It is welcome that several stressed steel assets are nearing resolution under the Insolvency and Bankruptcy Code. It would recapitalise and transform the industry. Companies

A 33% fall in gold imports in April helped contain the current account deficit. This is welcome. But the decline at a time when the

While national attention is on Karnataka, it is important not to lose sight of the growing headwinds facing the economy. The most significant is, of