Indian banks have fast-tracked the process of roping in monitoring agencies to track last mile usage of bank loans to plug siphoning of bank funds.
Category: IBC-SEBI
New payments formula for creditors in the works – The Economic Times
NEW DELHI: The government is considering a new formula for payments to creditors of distressed companies resolved through the insolvency and bankruptcy law, which would give a better deal to unsecured
Bad loans swell at India shadow bank Altico | Deccan Herald
Bad loans probably ballooned last quarter at Altico Capital India Ltd., according to people familiar with the matter, a lender that’s seen as a barometer
From Indian Bank’s negligence to patent case, here are the key court orders | Business Standard News
In motor accident claims, even employed sons and married daughters can apply for compensation for the death of their working mother, the Supreme Court ruled in its
Unitech promoters diverted money of home-buyers and banks to off-shore tax havens: Audit report – The Economic Times
NEW DELHI: Forensic audit of Unitech Ltd, which was done on the orders of the Supreme Court, revealed massive diversion of funds by the company and
Bad loans provisioning must not be based on trite formula: Sunil Kanoria | Business Standard News
Sunil Kanoria From liquidity crisis in the NBFC sector to slowdown in the economy, in the last one year Srei Infrastructure weathered many crisis situations. Sunil Kanoria, vice-chairman
NPAs: Ways to deal with them | Deccan Herald
The non-performing assets (NPA) of the banks are mainly attributable to bad loans of banks. Most of these are white-collar crimes committed by the rich and
Essar resolution to have significant impact on financial ecosystem: Satish Gupta, Essar’s Resolution Professional – The Economic Times
“The judicial interpretation of the Code over the last few years has brought clarity on various issues and infused positive behavioural change as required in
IBBI amends voluntary liquidation process regulations – The Economic Times
NEW DELHI: A liquidator will have to deposit unclaimed dividends and undistributed proceeds in a separate account before seeking dissolution of a corporate debtor under
Bad loan: In rare move, India’s top bad-debt buyer eyes consumer loans–Economic Times
By Anurag Joshi and Saloni Shukla India’s massive pile of bad business debt has kept asset-reconstruction companies busy in recent years. But as signs emerge
MSME sector: Current NPA norms are absurd, highly counterproductive: Animesh Saxena, FISME President – The Economic Times
Exporters find it very difficult to enter into forward contracts due to prevailing uncertainty over the fate of MEIS scheme. Employing 40% of country’s workforce,
CCI orders probe against Asian Paints, after JSW Paints filed a complaint | Deccan Herald
The Competition Commission of India has ordered a probe against Asian Paints for allegedly hindering the entry of JSW Paints by virtue of its dominance
Yes Bank: Making efforts to financially strengthen bank further: Yes Bank – The Economic Times
New Delhi: Allaying concerns over reports of its weakening financial health, Yes BankNSE 3.11 % on Wednesday said the lender’s capital adequacy is at a
WIll SBI’s loan revive trust? | Business Standard Column
In SBI’s scheme, the buyer pays only the down payment. The developer pays the interest during the construction period Last Updated at January 15, 2020
Insolvency and Bankruptcy Code should be the preferred option for resolution of bad loans, not the last resort | The Indian Express
The Supreme Court judgment in the Essar Steel case has restored the primacy of the committee of creditors (CoC), settling the contentious issue of the
Ease of doing business in India: Myths and realities | K N Ninan–Deccan Herald
The World Bank released its annual ease of doing business report a few weeks ago. The report entitled “Doing Business 2020: Comparing Business Regulation in
Reliance Home Finance gave Rs 12,000 crore loans to ‘indirectly linked’ borrowers: Forensic audit – The Economic Times
NEW DELHI: Reliance Home FinanceNSE -4.00 %, part of the Anil Ambani-led Reliance Group, granted loans worth about Rs 12,000 crore to a set of
Small businesses may see tweaks in resolution model – The Economic Times
NEW DELHI: The cabinet committee on investment and growth has asked ministries to consider modifications in the resolution mechanism for small companies and the real
Economic slowdown hits deal market! M&As plunge 34.4 per cent to $67 billion – The Financial Express
As per the report by Mergermarket, M&As in 2019 was the second highest in value despite declining 34.4 per cent in 2018, which was the
Insolvency and Bankruptcy Ordinance: SC to examine pleas challenging condition introduced by IBC Ordinance – The Financial Express
The Supreme Court Monday agreed to examine validity of the Centre’s decision to amend an IBC provision which introduced a threshold of at least 10
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