Clipped from: https://www.business-standard.com/article/finance/banks-in-india-report-loan-fraud-worth-rs-5-trn-sbi-s-amount-largest-121052400494_1.html Data showed 90 banks and financial institutions reported a total of 45,613 cases of loan fraud till March 31, 2021 The entity backed
Category: RBI–Banks
SC order on personal guarantors thorn in the side of biz families | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/sc-order-on-personal-guarantors-thorn-in-the-side-of-biz-families-121052401569_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 Lack of clarity between legitimate succession planning and evasion is a worry, say experts Illustration: Ajay Mohanty Business families that have undertaken estate
What to make of RBI’s QE: The govt was the winner in 2020 and is so again, in the latest round – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/what-to-make-of-rbis-qe-the-govt-was-the-winner-in-2020-and-is-so-again-in-the-latest-round/2258236/ The curious part of this QE exercise was that all these measures were invoked at a time when there was surplus liquidity in
Bank can take away assets of guarantor if loan not repaid on time – The Financial Express
Clipped from: https://www.financialexpress.com/money/your-queries-loans-bank-can-take-away-assets-of-guarantor-if-loan-not-repaid-on-time/2258181/ First, you should ask the two known parties to find another guarantor to their loan. When a person stands in as a guarantor,
Reserve Bank of India surplus is rightfully the government’s – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/reserve-bank-surplus-is-rightfully-gois/articleshow/82917954.cmsSynopsis In this unprecedented time of economic contraction and much uncertainty, the larger RBI dividend would proactively improve government finances and reduce market borrowings.
What about limited liability, your honour? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/what-about-limited-liability-your-honour/articleshow/82917958.cmsSynopsis Limited liability played a vital role in advancing entrepreneurial risk-taking and capitalism’s creative destruction. If a person’s entire worth was at stake every
RBI’s norms pit Indian auditors against MNCs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbis-norms-pit-indian-auditors-against-mncs/articleshow/82919795.cmsSynopsis On April 27, the central bank had issued guidelines for appointment of statutory auditors in commercial banks, non-banking financial companies and housing finance
RBI’s new restructuring package for small borrowers: Will it work? | Business Standard News
lipped from: https://www.business-standard.com/article/economy-policy/rbi-s-new-restructuring-scheme-for-small-borrowers-will-it-work-121052300905_1.html The new restructuring package for small borrowers has little chance of taking off Imaging: Ajay Mohanty “Eat a live frog first thing in
RBI’s disclosure dilemma | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/rbi-s-disclosure-dilemma-121052300852_1.html While the RBI must respect the spirit of freedom of expression, we need to draw a Laxman rekha, and the RTI Act should
Use Altman Z score to sniff out bankruptcy potential – The Financial Express
lipped from: https://www.financialexpress.com/money/your-money-use-altman-z-score-to-sniff-out-bankruptcy-potential/2256685/ If the Z score is less than 1.81, the firm is a bankruptcy candidate arnings Before Interest & Tax (EBIT) 3,500; total assets
Assessing RBI’s on-tap liquidity scheme – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/assessing-rbis-on-tap-liquidity-scheme/2257485/ The tenor of loans is three years for the banks, but there are no such restrictions for on-lending. This could lead to asset-liability
Cheque-bounce cases need to be settled fast – OPINION – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/todays-paper/tp-opinion/article34630430.ece Losing tractionCheque transactions Losing tractionCheque transactions× Allowing courts to make summary convictions and discouraging the use of cheques can help reduce the huge
NRI Helpdesk: Are you eligible for the National Interest Exception? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/nri/migrate/nri-helpdesk-are-you-eligible-for-the-national-interest-exception/articleshow/82851857.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis With immigration rules constantly changing with the pandemic situation, it is difficult to keep up to date with it all. For our NRI
RBI not in favour of fresh insolvency freeze – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-not-in-favour-of-fresh-insolvency-freeze/articleshow/82699508.cmsSynopsis During initial discussions with the government, RBI has indicated a freeze will not help anyone in the long run as it will only
Support cryptocurrencies in battle against fiat currencies: Elon Musk–business today
Clipped from: https://www.businesstoday.in/current/economy-politics/support-cryptocurrencies-in-battle-against-fiat-currencies-elon-musk/story/439766.html In reply to a question about people angry with him because of cryptocurrency, Musk said, “The true battle is between fiat & crypto.
RBI’s higher payout to help govt tide over revenue losses from lockdowns: Analysts – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/finance/rbis-higher-payout-to-help-govt-tide-over-revenue-losses-from-lockdowns-analysts/articleshow/82832506.cmsSynopsis After the RBI surprised the Centre with a record Rs 99,122 crore in surplus transfer for FY21, analysts said this will help the
What really caused the bloodbath in Bitcoin, Ethereum, Dogecoin? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/what-really-caused-the-bloodbath-in-bitcoin-ethereum-dogecoin/articleshow/82790638.cmsSynopsis The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of
Bond sales nosedive as Covid 2.0 cripples India Inc’s capex plans – The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/bonds/bond-sales-nosedive-as-covid-2-0-cripples-india-incs-capex-plans/articleshow/82836828.cms SynopsisCompanies have cumulatively sold Rs 36,720 crore worth of bonds in FY22, JM Financial data showed. That compares with about Rs 1.65 lakh
Unnecessary deviation | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/unnecessary-deviation-121052001438_1.html DHFL should not go back to its erstwhile promoter The National Company Law Tribunal’s (NCLT’s) direction to the lenders of Dewan Housing Finance
NBFCs brace for defaults, grim business prospects | Business Standard News
clipped from: https://www.business-standard.com/article/economy-policy/second-covid-19-wave-nbfcs-brace-for-defaults-grim-business-prospects-121052001459_1.html The collections are down as staff is not able to reach out to customers. With falling collections in the second Covid wave and
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