The Deposit Insurance and Credit Guarantee Corporation (DICGC) faces a total claim of about Rs. 14,000 crores from the co-operative banks mostly urban cooperative banks
Category: IBC-SEBI
Nirmala Sitharaman to meet heads of PSBs tomorrow, likely to discuss credit flow to MSMEs – The Financial Express
By Ankur Mishra Finance minister Nirmala Sitharaman is expected to meet the heads of the public sector banks on December 28 to discuss the credit flow
Independent directors must enrol with online data bank–Deccan Chronicle
As a new initiative towards enhancing good corporate governance standards, the Indian Institute of Corporate Affairs (IICA) has launched an online data bank for the
RBI orders urban cooperative banks to declare exposures above Rs 5 crore–Business Today
The Reserve Bank of India has ordered major primary urban cooperative banks (UCBs) to report credit information on all borrowers that have aggregate exposures of
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कौस्तुभ जोशी परकीय चलनात व्यवहार करताना चलनाचा दर हा बाजाराच्या परिस्थितीवर अवलंबून असतो. सध्याच्या काळात आपण ‘फ्लेक्सिबल एक्स्चेंज रेट सिस्टिम’ म्हणजेच बाजारप्रणीत चलन बदलाची व्यवस्था
Time running out for PSBs | Business Standard Editorials
The Indian banking sector is showing signs of a turnaround after many years. The latest “Report on Trend and Progress of Banking in India 2018-19”, released this week
IL&FS case: Sebi slaps Rs 25 lakh fine each on ICRA, CARE, India Ratings – The Financial Express
According to Sebi, the exposure of IL&FS, at the relevant times, was critical to the financial stability as its share in total exposure of banks
A 40% cut to execute an NCLT order: corrupt resolution officers are damaging the IBC regime – ET Prime
The Insolvency and Bankruptcy Code (IBC) was introduced as a one-stop solution to resolve insolvencies and was aimed at protecting the interests of small investors
Is IBC in ICU? | Business Standard Column
The overall Indian economic picture has been gloomy for the past several quarters. Discussions on whether the downturn in growth is cyclical or structural distracts
‘NCLT or strike’: Air India employees to decide on method to stall privatisation – business news – Hindustan Times
Fed up with the uncertainty over their own future tagged with the fate of Air India, airline employees are in the process to deciding to
India’s bad loans highest among emerging markets: RBI | Deccan Herald
Indian lenders have the highest percentage of bad loans compared with 10 emerging economies including Brazil, China, Indonesia, Philippines and Turkey, according to and RBI
NCLAT dismisses IT dept plea against Reliance Jio on demerger of tower–Deccan Chronicle
The NCLAT has dismissed petitions filed by the Income Tax Department, which raised objection over the approval granted to Reliance Jio Infocomm scheme to hive
Pay dues immediately, allow to quit without notice period: Air India pilots to Govt–Deccan Chronicle
Flagging concerns over unpaid dues, an Air India pilots’ union has urged the government to allow their members to quit the debt-laden carrier without serving
RBI warns banks over focus on retail loans – The Economic Times
The Reserve Bank of India (RBI) has red-flagged banks’ reliance of retail loans over slowing economic activity and negative consumer sentiment. The banking regulator called for a granular lending strategy
Does IBC work for financial firms? | Business Standard Column
Dewan Housing Finance Company Ltd. (DHFL) has become the first financial service provider (FSP) to undergo resolution under the new framework for FSPs. Regulated FSPs,
Insolvent individuals may face ban on holding, running for public office | Business News,The Indian Express
Though IBC provides for the initiation of insolvency proceedings against individuals, it has until now been silent on the process for the same. The Insolvency
Ex-Maruti MD booked for Rs 110 cr bank loan fraud: CBI | Deccan Herald
Former Maruti Udyog Ltd Managing Director Jagdish Khattar has been booked by the CBI for allegedly cheating Punjab National Bank (PNB) of Rs 110 crore
Gross NPA ratio improves to 9.1 as of Sept end: RBI | Deccan Herald
As the bad loan recognition process nears completion, the health of the banking system has improved with the gross non-performing loan ratio remaining stable at
Cabinet clears ordinance to further amend insolvency law–India Today
The Union Cabinet on Tuesday approved an ordinance to further amend the Insolvency and Bankruptcy Code (IBC), which will help remove certain ambiguities. With the
New IBC buyers won’t go to jail for previous misdeeds; govt nod to amend bankruptcy code – The Financial Express
This would encourage more bidders to bid for stressed assets – without fear of criminal prosecutions. Potential buyers of fraud-hit companies under IBC need not
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