Clipped from: https://timesofindia.indiatimes.com/business/india-business/new-public-holding-rules-for-cos-under-insolvency/articleshow/79768427.cms NEW DELHI: In a first, the government on Wednesday decided to issue a National Security Directive for the telecommunication sector to mandate scrutiny
Category: RBI–Banks
Insolvency resolution: The IBC story so far and the way forward – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-resolution-the-ibc-story-so-far-and-the-way-forward/articleshow/80399160.cmsSynopsis Jurisprudence of any legislation takes time to evolve and IBC was no exception. Devendra Mehta Insolvency Professional & Restructuring Advisor, Contributor Content Solution:
IBC mechanism needs structural changes to expedite faster resolution of companies – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/only-structural-changes-in-ibc-mechanism-can-help-to-expedite-the-faster-resolution-of-companies/articleshow/80478370.cmsSynopsis The structural reforms needed are an increase in the number of benches, outsourcing of administration function to a specialized agency, clarity on the
Insolvency and Bankruptcy Code: Insolvency and Bankruptcy Code resolution timeline averages 440 days – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/insolvency-and-bankruptcy-code-resolution-timeline-averages-440-days/articleshow/80514065.cmsSynopsis An Alvarez & Marsal India report on Thursday called upon all IBC stakeholders to focus on improving efficiency to resolve cases in a
Insolvency: ‘Prior to admission’ delays dragging down efficiency of IBC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/insolvency-prior-to-admission-delays-dragging-down-efficiency-of-ibc/article33677072.ece Promise of time-bound resolution a distant dream for stakehokders, says Alvarez & Marsal India India would do well to focus on capacity building
Strong-arm tactics, no answer to loan default – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/strong-arm-tactics-no-answer-to-loan-default/article33678063.ece By imposing a hefty fine on an NBFC, the central bank is sending a message to lenders Many digital apps adopt the “first
‘The idea of bad bank has merit’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/the-idea-of-bad-bank-has-merit/article33705220.ece?homepage=true Will be more efficient if it is in private sector: Krishnamurthy Subramanian Chief Economic Advisor Krishnamurthy Subramanian said the idea of ‘bad bank’
Why is the RBI worried when volume of bad loans declined in the September quarter? – THE HINDU EXPLAINS | The Hindu
Clipped from: https://www.thehindu.com/business/Industry/the-hindu-explains-why-is-the-rbi-worried-when-volume-of-bad-loans-declined-in-the-september-quarter/article33482737.ece A decline in bad loans is good news. But is it the real picture? What exactly has the RBI said about banks’ health?
Economic Survey’s optimism about India’s public debt looks misplaced | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/economic-survey-s-optimism-about-india-s-public-debt-looks-misplaced-121013000069_1.html India will not face the problem of debt sustainability even in the worst of scenarios till 2030, the Survey observed. The Economic Survey 2020-21 has
Budgets, risk, and Knightian uncertainty | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/budgets-risk-and-knightian-uncertainty-121012902033_1.html Two bad ideas are being propagated so vigorously that, as so many times in the past, good people are considering adopting these bad
ICICI Bank’s Q3 net profit increases 17% to Rs 5,498 crore | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/icici-bank-s-third-quarter-net-profit-increases-17-pc-to-rs-5-498-cr-121013000733_1.html Its total income increased to Rs 24,416 crore from the year-ago’s Rs 23,638 crore, while the total expenditure was lower at Rs 15,596
Expectations for MSMEs: MSMEs seek extension of credit guarantee scheme, interest subvention coverage | BUDGET 2021 –The Financial Express
Clipped from: https://www.financialexpress.com/budget/budget-2021-expectations-msmes-seek-extension-of-credit-guarantee-scheme-interest-subvention-coverage/2173309/ Union Budget 2021 Expectations for MSMEs: The government had waived the onboarding fee of Rs 10,000 on TReDS platforms in September last year
Axis Bank to treat home loans of credit card defaulters as NPAs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/axis-bank-to-treat-home-loans-of-credit-card-defaulters-as-npas/articleshow/80492859.cmsSynopsis From the lender’s perspective, a loan that is classified as a non-performing asset (NPA) would mean that the bank would have to take
India Banks Crisis: Economic Survey points out the original sin that caused India’s banking crisis–ECONOMIC SURVEY 2021 | the economic times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/economic-survey-points-out-the-original-sin-that-caused-indias-banking-crisis/articleshow/80574246.cmsSynopsis Severe under-capitalisation of Indian banks was the inevitable outcome of prolonged forbearance. This triggered a distortion in bank’s potential incentives, eventually emboldening them
CBI books six Indian Overseas Bank officials for misappropriating Rs 4.56 crore – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/cbi-books-six-indian-overseas-bank-officials-for-misappropriating-rs-4-56-crore/articleshow/80584903.cmsSynopsis Although six officials have been booked, the complaint from the Indian Overseas Bank shows that it was Veepuri who received over Rs 2.64
Zombie lending, forbearance, evergreening: Economic Survey talks about lending perils in India | Deccan Herald
Clipped from: https://www.deccanherald.com/business/union-budget/zombie-lending-forbearance-evergreening-economic-survey-talks-about-lending-perils-in-india-944845.html This commentary may be the result of the fact that RBI had to bail out two full-fledged private banks within a span of
Bank of Baroda considers permanent work from home option–business today
Clipped from: https://www.businesstoday.in/sectors/banks/bank-of-baroda-considers-permanent-work-from-home-option/story/429352.html?ref=taboola The bank has also appointed management consultancy firm McKinsey & Co to help implement a strategy for a post-Covid world Representational Image (Photo-PTI)
Economic survey makes case for another bank balance sheet clean-up | Deccan Herald
Clipped from: https://www.deccanherald.com/business/economic-survey-makes-case-for-another-bank-balance-sheet-clean-up-944876.html The survey is also critical of the fact that the 2015 balance sheet did not reveal the extent of evergreening of loans by
RBI cancels licence of Kolhapur-based Shivam Sahakari Bank – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/rbi-cancels-licence-of-kolhapur-based-shivam-sahakari-bank/articleshow/80588883.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis With the cancellation of licence and commencement of liquidation proceedings, the process of paying the depositors of Shivam Sahakari Bank as per the
TReDS: TReDs was touted as the tool to tackle delayed payments to MSMEs. Did it succeed? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/money/treds-was-touted-as-the-tool-to-tackle-delayed-payments-to-msmes-did-it-succeed/articleshow/80551986.cms Synopsis–TReDS was supposed to be a game changer-a platform that could sort out the issue of delayed payments for MSMEs. Almost five years
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