Take a look at two recent isolated incidents that could be a portent of how the relationship between the regulator and those regulated will change in the
Category: IBC-SEBI
UCO Bank declares Yashovardhan Birla as wilful defaulter – The Hindu BusinessLine
State-owned lender UCO Bank has declared Yashovardhan Birla as wilful defaulter for non-payment of Rs 67.55 crore given to Birla Surya Ltd. The loan was
Stressed a/cs: FinMin tells public sector banks to provide details of expected recoveries, provisions – The Hindu BusinessLine
The Finance Ministry has sought information from public sector banks (PSBs) on their expectation of recoveries and provisions held in respect of stressed accounts admitted
Govt must provide capital to banks on upfront basis: United Bank CEO – The Hindu BusinessLine
Says the NBFC crisis may snowball into a ‘serious problem’ if not handled properly Banks have to be cautious while lending to non-banking financial companies
RBI circular: FICCI for structural changes in RBI June 7 circular – The Economic Times
Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested structural changes in revised stressed asset framework issued by the Reserve Bank of India on June
Let banks recover dues from personal assets of defaulters: Bank Unions request Finance Minister – The Economic Times
Fast-track courts shall have to be vested with more powers to recover bad loans and stringent laws should be enacted to ensure more recoveries, the
Debt default bogey forces SEBI to tighten screws on rating firms – The Hindu BusinessLine
Debt default bogey forces SEBI to tighten screws on rating firms PALAK SHAH Mumbai | Updated on June 13, 2019 Published on June 13, 2019 bl20_credit rating.jpg bl20_credit rating.jpg
Watching the watchmen – The Hindu BusinessLine
Stern action is warranted in cases where auditor negligence is proved The repercussion of the move by the Ministry of Corporate Affairs, seeking the barring
For India Inc, 30-day grace after loan default comes as a major relief | Business Standard News
The Reserve Bank of India (RBI) has dropped the one-day default rule and given a 30-day breather to lenders for review of the borrower account.
indiabulls ltd: Indiabulls moves SC, seeks urgent listing of plea filed against it – The Economic Times
Indiabulls Housing Finance Ltd (IHFL) moved the Supreme Court Wednesday seeking urgent listing of a plea which alleged that it misappropriated Rs 98,000 crore of public money. The matter was
IL&FS case: Govt gets tough with auditors, at last – The Financial Express
PWC is the latest to resign, as an auditor of Reliance Capital and Reliance Home Finance. After being quite lenient, thanks partly to a sluggish
Jet Airways sale: Lenders, stakeholders to meet to iron out thorny issues – The Financial Express
By Anwesha Ganguly In an effort to iron out the thorny issues involving the sale of Jet Airways, its lenders and representatives of Etihad Airways
new labour legislation: Govt planning new labour legislation by merging 44 laws under 4 categories – The Economic Times
Aimed at helping investors and accelerating growth, the Modi government is planning a new labour legislation that would merge 44 labour laws under four categories– wages, social
Creditors can expect 100 per cent recoveries under IBC – The Economic Times
The IBC has strengthened creditors’ rights and the credit market will continue expanding, he pointed out. Creditors can expect 100 per cent recoveries from their
NPA crisis: Why RBI’s new framework on bad loans is interesting – The Financial Express
It is not quite sure as to how this will work out in the times to come. But the RBI has plugged this gap in
NPA crisis: RBI does well not to water down resolution norms – The Financial Express
RBI has also warned banks against ever-greening accounts While the new guidelines on stressed assets put out by the Reserve Bank of India (RBI) do
RBI’s new prudential framework for stressed asset resolution credit positive: Moody’s – The Financial Express
Moody’s Investors Service Monday said the Reserve Bank’s new prudential framework for stressed asset resolution is ‘credit positive’, but flagged the slower-than-expected progress of resolution
Jet Airways pilots planning to move NCLT demanding dues as hopes for revival dim – The Financial Express
Jet Airways has not paid salaries to its pilots since January. The National Aviators Guild, one of Jet’s pilots’ unions, has engaged a legal representative
Rein in errant auditors – The Hindu BusinessLine
The MCA move to ban IFIN auditors is welcome It is clear that The Ministry of Corporate Affairs (MCA) is annoyed with a few audit
RBI’s norms to give more headroom to lenders to resolve big ticket NPAs: SBI Report – The Hindu BusinessLine
Reserve Bank’s new guidelines to deal with bad loans will provide lenders the headroom and flexibility for resolution of large ticket stressed asset cases under
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