Three-fourths of the banking sector is on a ventilator. More private banks can help it breathe easy. – The Economic Times

Clipped from: https://economictimes.indiatimes.com/prime/fintech-and-bfsi/three-fourths-of-the-banking-sector-is-on-a-ventilator-more-private-banks-can-help-it-breathe-easy-/primearticleshow/79883963.cms SynopsisThe balance sheets of several public-sector banks are in distress, the government can ill afford bailouts, and a large section of the population

Industry bodies to press for holding back new wage definition in meeting with govt on Dec 24 – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/industry-bodies-to-press-for-holding-back-new-wage-definition-in-meeting-with-govt-on-dec-24/articleshow/79865602.cmsSynopsis “The representatives of CII and FICCI among other industry bodies would meet union labour ministry top brass on December 24, 2020 to discuss

Insolvency and bankruptcy code (IBC) suspension extended till March 31 – The Economic Times

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-and-bankruptcy-code-ibc-suspension-extended-till-march-31/articleshow/79843895.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis The government had suspended fresh proceedings under IBC for loan defaults on or after March 25, for six months, as part of measures

UK Flights To India Suspended: India suspends all flights originating from UK until December 31 – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/india-suspends-all-flights-originating-from-uk-until-december-31/articleshow/79838285.cmsSynopsis Countries across Europe, which include The Netherlands, Belgium, Italy, Germany and Switzerland, and Canada have banned travelers from the UK on Sunday, a

PMC Bank gets four investment proposals, says RBI – The Economic Times

Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/pmc-bank-gets-four-investment-proposals-says-rbi/articleshow/79801386.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Last month, PMC had invited expression of interest (EoI) from potential investors for investment or equity participation in the bank for its reconstruction.

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