Ashok Kumar Pradhan, Managing Director & Chief Executive Officer of United Bank of India Kolkata-based United Bank of India is under the Reserve Bank’s Prompt Corrective Action
Category: Merits back reference
IBC: SC lays down guidelines in an attempt to speed up resolution process | Business Standard Column
The Supreme Court has set out how the corporate insolvency resolution process would work from inception while hearing the Essar Steel case, primarily with the
IL&FS effect: NBFCs may sell receivables for quick liquidity – The Hindu BusinessLine
Faced with the risk that their short-term liabilities may not be rolled over, non-banking finance companies may step up securitisation of their receivables to pull
Ayushman: With ceiling price not clear, insurers still unsure of claims burden – The Hindu BusinessLine
The uncertainty around the national ceiling price, which is yet to be disclosed by the Centre, can make it difficult for insurance companies to price
Dual control by Centre, RBI a problem in banking industry: YV Reddy – The Hindu BusinessLine
Former Reserve Bank of India Governor YV Reddy Saturday said dual control by the Centre and the RBI is a problem in the banking industry.
On a slippery slope – The Hindu BusinessLine
Fuel price control move exposes govt’s infidelity to deregulation Finance Minister Arun Jaitley’s announcement of measures late last week to lower the retail price of
RBI policy: View: RBI delaying inevitable rate hike is just bravado – The Economic Times
By Andy Mukherjee When the world’s de facto central bank rustles up an interest-rate whirlwind, you don’t use a fig leaf of flexible exchange rates
NBFC slump is a crisis of confidence, says Ajay Piramal – The Economic Times
Ajay Piramal shared his views on how it may be time to turn irrational exuberance into sanity. Few bet their personal wealth on financial services
IL&FS crisis: The untold tale behind PM Narendra Modi’s shocking takeover of a risky lender – The Financial Express
IL&FS crisis: RBI has initiated a special audit, given the potential systemic risk to other non-bank lenders . With the future stability of the Indian financial
PSB mergers a good idea? The problem gets rolled over for another day unless this big issue is tackled – The Financial Express
This comes close on the heels of the merger of the State Bank of India, on April 1, 2017, with five subsidiary banks. The government’s
Supreme Court does well on Essar Steel bids – Here is why – The Financial Express
Though the resolution process for Essar Steel’s NPAs has been dragging for more than a year against the allowed 180 days—with an extension of another
Govt seeks immunity for new IL&FS board from civil, criminal proceedings | Business Standard News
The government has sought immunity for the new board of Infrastructure Leasing & Financial Services (IL&FS) from any civil or criminal proceedings for decisions and
Stay on target: RBI surprises by not raising interest rates
Reserve Bank of India retained its policy interest rate at 6.5% yesterday, making it an outlier among Asian central banks facing similar challenges. There is
IL &FS: the crisis persists! – संकट कायम! | Maharashtra Times
संकट कायम! देशातील पायाभूत सुविधा प्रकल्पांना मोठ्या प्रमाणावर अर्थपुरवठा करणारी इन्फ्रास्ट्रक्चर लीजिंग अँड फायनान्शिअल सर्व्हिसेस (आयएलएफएस) ही कंपनी आर्थिक संकटात सापडल्याच्या वृत्ताचे पडसाद गेला आठवडाभर
Infrastructure Leasing & Financial Services Ltd: IL&FS: The untold tale behind India’s shock takeover of the risky lender – The Economic Times
by Saloni Shukla, Vrishti Beniwal and P R Sanjai With the future stability of the Indian financial system on the line, executives running a giant
Sensex crash: Why Sensex crashed 800 points: Rupee, oil and three other factors
The domestic market crashed big time on Thursday as equity benchmark indices fell more than 2 per cent. The BSE benchmark Sensex registered its biggest point-wise decline
Market: Use all your weapons to stem rupee slide: Jamal Mecklai, Mecklai Financial Services – The Economic Times
It is not just this government’s fault, nobody has really focussed single-mindedly on building exports. Jamal Mecklai, CEO, Mecklai Financial Services, makes a straight pitch
Petrol–Now start praying for stable crude–Economic Times
The government has done what it eventually had to do in an election year: cut duties on petrol and diesel and ask state-owned oil marketing
What the Doctor orders: Ground report on Ayushman Bharat from Uttar Pradesh and Bihar – The Economic Times
At two government hospitals in Gaya district of neighbouring Bihar, inquisitive patients trickling in are not so lucky, as the equipment to generate the cards
Petrol Prices–Clipping the wrong end–Economic Times
By Thomas Spencer The Centre has given in to pre-poll pressure and cut petrol and diesel prices by Rs 2.50. This will be welcomed by many
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