RBI has now said that approvals of 75 precent of creditors would now be required for resolution of bad assets. Two months after the Supreme
Category: News of interest
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ET View: New RBI Circular offers defaulters little wiggle room – The Economic Times
Companies have been lobbying to avoid that initial labelling as a defaulter. That wish has not been granted. The new Prudential Framework for Resoluton of
Piyush Goyal wants RBI to extend $25 bn line of credit for exports, funds at competitive rates – The Economic Times
Goyal said it is a joint responsibility of banks and government to ensure that export credit at competitive rates is available to businesses. New Delhi:
jobs crisis: How to solve India’s job crisis in three easy steps – The Economic Times
India’s jobs crisis is, ironically, worst among urban and educated youth, something you would imagine would be an advantage in the job market. It is now time
RBI revised framework offers some leeway to defaulters — check new rules – The Financial Express
Lenders must enter into an inter-creditor agreement (ICA) to to work on the resolution and also set out the rights and duties of majority lenders,
Individual bankruptcy: Draft rules propose mediation over litigation | Business Standard News
For the first time in India, debtors and operational creditors will be able to trigger insolvency once the individual insolvency code is notified Ruchika Chitravanshi Last
Where is the Modi miracle? – The Hindu BusinessLine
Focussing exclusively on the domestic market would be a serious mistake. India needs the global economy to revive growth When running for re-election, Prime Minister
RBI lobs ball in banks’ court to deal with resolution – The Hindu BusinessLine
The much-awaited revised version of the contentious February 2018 circular, is a less stringent framework to deal with stressed assets. The new directive does away
Middle East, China drive India’s export growth: Maersk India – The Economic Times
Indian exports grew 6 per cent in the first quarter of this year driven by higher shipments to the Middle East and China, while imports
RBI: RBI to set up forex trading platform for SMEs, get more players to setup Small Finance Banks–Economic Times
On tap licensing means the applications could be submitted to the RBI at any point of time, throughout the year and licenses will be granted
SME: Cash flow problems? How SMEs can benefit from Merchant Cash Advance–Economic Times
By Rana Vikram Anand Money is the lifeline for any business, regardless of the industry, nature or size. While established or major ventures may not
RBI lobs the ball into government’s court–Economic Times
The Monetary Policy Committee has confined itself to the routine tinkering of rates, guided as it is by its mandate to contain inflation as measured
Motor insurance: Premium for third-party cover rises, new rates come into effect from June 16 – The Financial Express
In the draft exposure, the regulator had also proposed a 15% discount on the premiums for electric vehicles. From June 16, the premium for mandatory
IMF upgrades US growth forecast but warns of rising risks – The Financial Express
And IMF chief Christine Lagarde earlier on Wednesday urged the countries to make resolving the trade conflict a priority, since it threatens growth of the
RBI votes for growth | Business Standard Editorials
The Reserve Bank of India’s (RBI’s) Monetary Policy Committee has done exactly what the doctor ordered: It reduced the benchmark repo rate by 25 basis
Lowering rates may not really lead to the push required for growth | Business Standard News
With the monetary policy committee (MPC) already indicating in the last two policies that inflation would not be the only factor that would drive the decision on interest rate
MPC acts on cue to revive the economy – The Hindu BusinessLine
Against the backdrop of NBFC crisis, the RBI’s rate cut and decision to review the liquidity framework are appropriate The Monetary Policy Committee of the
RBI may shun sectoral exceptions, ease timelines for stressed assets – The Economic Times
The Reserve Bank of India is unlikely to announce special sectoral exceptions in its new circular on stressed assets, contrary to demands of power, sugar, shipping and
Liquidity, a solid challenge–Economic Times
By Rahul Bhasin The current liquidity crisis and the consequent economic slowdown have been building up for a while. You can’t have 70% of the
An open letter to Finance Minister Nirmala Sitharaman–Economic Times
By Ajay Chhibber Dear Ms Nirmala Sitharaman, One of the best decisions the PM made is to appoint you as finance minister at a challenging
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