Structural reforms are urgently required for reducing the cost of doing business as well as to renew confidence in the economy and support the recovery
Category: RBI–Banks
RBI may save lockdown-hit Rs 35 lakh crore stressed loan book with old CDR schemes–Business Today
Reserve Bank of India may revisit old corporate debt restructuring schemes as current regulatory framework of dealing with stressed assets would only accelerate bankruptcies RBI
Insolvency professionals should use technology and keep working for revival of cos under IBC: IBBI official – Times of India
MANGALURU: The insolvency professionals should engage greater use of technology and keep working for revival of companies under the Insolvency and Bankruptcy Code (IBC), said Mukulita Vijayawargiya, WTM
PM Modi, Sitharaman to meet on Friday to finalise second stimulus package | Business Standard News
Friday’s meeting follows a wide range of deliberations held within the government and with eminent experts. On Wednesday, Senior PMO officials had a videoconference with
India Inc gets IBC breather for six months amid coronavirus outbreak | Business Standard News
The provision is likely to require a change in the present Act, according to experts. The government has decided to suspend insolvency and bankruptcy proceedings
SIDBI gives life support to credit-deprived MSMEs; offers loan to NBFCs, MFIs for onward lending – The Financial Express
Credit and Finance for MSMEs: The loans to be disbursed would be out of the Rs 15,000 ‘special liquidity facility’ that SIDBI received from the
MSME trade body pegs loss to sector at Rs 40,000-crore per day – The Financial Express
AIMO has requested the government to look at protecting the elders and senior citizens of the country and allow the working class to return to
Firms get relief from IBC for six months, ordinance soon – The Financial Express
While the Reserve Bank of India (RBI) has allowed borrowers a three-month repayment holiday for term loans, keeping insolvency proceedings in abeyance would be an
Coronavirus impact on economy: Important constituents of the economy may suffer during Covid crisis in the absence of clarity – The Economic Times
India has been relatively conservative in extending fiscal measures to deal with the negative impact of COVID-19 on the economy. However, it has to take
RBI’s liquidity plan for non-bank lenders falters – The Economic Times
Summary “Given the lack of risk appetite in banks, a structure with partial credit guarantee by the government maybe the only viable option to ease liquidity
Govt decides to suspend up to 1 year IBC provisions that trigger fresh insolvency proceedings: Report – The Economic Times
Section 7, 9 and 10 of the IBC would be suspended for six months and the suspension time can be extended up to one year.
Nitin gadkari: Centre working on scheme to reimburse pending dues to MSMEs with interest: Gadkari – The Economic Times
In an interaction via video conferencing with the representatives of Bharat Chamber of Commerce, the minister for MSME and transport said the default on pending
Corporates miss vendor payments, bill discounting platforms see red – The Economic Times
Several large corporates which have issued ‘bills of credit’ are now demanding additional 30 to 60 days to honour their commitment. According to leading players
Fiscal package is overdue–Times of India
IMF has forecast that India’s economy in the current financial year will expand by 1.9%, the lowest level in about three decades. A couple of
Unparalleled global recession underway, twice as severe as 2009: Report – business news – Hindustan Times
Fitch said the slump in FY21 growth was mainly due to a projected fall in consumer spending to just 0.3 per cent in FY21 from
Covid shadow hangs heavy over insolvency proceedings – The Hindu BusinessLine
Besides denting valuation of assets, lockdown seen delaying resolution The hiatus in insolvency proceedings could have an adverse impact on the valuations of already stressed
A case against suspending IBC amidst Covid-19 crisis – The Hindu BusinessLine
A blanket ban on recourse through the IBC process will hurt genuinely affected lenders from recovering the debt owed to them. The IBC process must,
RBI relief for banks: More time given on review period, resolution of stressed assets – The Hindu BusinessLine
The Reserve Bank of India (RBI) has given a temporary breather to lenders on the Review Period as well as timeline for resolution of stressed
The RBI should do more to boost bank lending – The Hindu BusinessLine
Additional measures such as easing of prudential standards are needed for banks to expand credit during crisis times like Covid Building upon the measures announced
Helicopter money must be the last resort – The Hindu BusinessLine
The Centre can still consider a plethora of conventional means to make its stimulus effective and ramp up an ailing economy As the world grapples
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