Reserve Bank of India (RBI) Deputy Governor Viral V Acharya on Monday called for enacting a special law to enable the proposed public credit registry (PCR) to come into being,
Category: Merits back reference
MCA probes Jet Airways on suspicion of siphoning funds: Sources | Business Standard News
The Ministry of Corporate Affairs is probing allegations of fund siphoning at Jet Airways, the country’s second largest domestic airline by market share. “The probe is at
Big cracks surface among banks over inter-creditor agreement pinpricks | Business Standard News
All’s not well among banks despite a public show of solidarity on the stated merits of the freshly minted inter-creditor agreement (ICA) to clean up the dud-loan
Internal strife hurting Rupee: If government is forcing RBI to loosen its purse strings, money would leave India faster than light – The Financial Express
The depreciation of the rupee and the attendant loss of reserves in managing the volatility should have been seen as a consequence of global forces.
Govt decides against removing RBI nominees from PSB boards, cites NPA issue | Business Standard News
The government has decided to turn down the Reserve Bank of India’s (RBI’s) demand for removing the regulator’s nominees from the boards of public sector banks (PSBs).
Brace for more rupee weakness, advise Rabobank MD and senior economist | Business Standard News
Jan Lambregts MD & global head, financial markets research Rabobank International. Economic turmoil in Turkey affected global financial markets. JAN LAMBREGTS, managing director and global head of financial markets research
Jaypee Infra case: 3,400 homes offered for possession in one year | Business Standard News
The resolution professional for Jaypee Infratech has, in the past nine months, offered 3,400 houses for possession. A source close to the resolution professional said,
Bad loans: Make pre-sanction process more diligent, RBI official tells banks – The Financial Express
One of the areas which the central bank has been emphasising is making the banks identify stress early, he said. A senior central bank official
Macro economic instability, inflation, corruption were highest under UPA government: Surjit Bhalla, EAC-PM – The Financial Express
New GDP data does not change reality that ‘macro-economic instability’ was highest under the previous UPA government period, Economic Advisory Council to the Prime Minister
Reporting of GST, GAAR details in tax audit report deferred till Mar 2019 – The Economic Times
The revenue department today deferred implementation of a reporting norm for tax auditors wherein they were required to furnish details of Goods and Service Tax (GST) and general anti-tax
Govt asks RBI to water down PCA scheme, feels norms have put burden on PSBs | Business Standard News
The government has asked the Reserve Bank of India (RBI) to consider diluting the Prompt Corrective Action (PCA) framework, to ensure that regulatory sanctions against
RBI is right | Business Standard Editorials
The Allahabad High Court is set to hear on Monday the Reserve Bank of India (RBI)’s final submissions on a case filed by power companies
Binani Cement creditors allege ‘misconduct’ by RP, say kept out of process – The Financial Express
Operational creditors of Binani Cement on Thursday alleged before the National Company Law Appellate Tribunal (NCLAT) that the resolution professional (RP) kept them out of
Revisions undermine bidding | Business Standard Column
In cases where bidding is the norm for the sale or lease of an asset, or even for government procurement, it is accompanied by a
The state of the economy | Business Standard Column
The recent (IMF) report on the Indian economy projects a gradual acceleration of growth but also draws attention to several downside risks. The report uses circumspect language
Cosmos Bank Hacking: North Korean connection to Cosmos hacking? Signs point to Bangladesh heist masterminds–Economic Times
The highly orchestrated event could be the handiwork of Lazarus, North Korea’s most prolific hacking group Hackers targeted an 112-year-old Pune bank, Cosmos, last week in
Modi’s elephant looks fitter but still can’t run – The Financial Express
Modi’s elephant looks fitter but still can’t run Prime minister Narendra Modi did well to highlight just how much India has changed over the past few years.
Lenders can sell assets of personal guarantors under IBC: Apex court – The Financial Express
The Supreme Court on Tuesday ruled that banks can sell off assets of personal guarantors even when corporate resolution proceedings are on against the corporate
Banks’ outlook negative till capital position improves: Fitch – The Hindu BusinessLine
The outlook on Indian banks will stay negative due to weak core capitalisation, expectation of elevated credit costs, and poor earnings, Fitch Ratings said on
Staring at another crisis: There is increasing nervousness about inflation that Trump’s trade wars could exacerbate – The Financial Express
Staring at another crisis: There is increasing nervousness about inflation that Trump’s trade wars could exacerbate It is the nature of the beast that we
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