Jaitley in a Facebook blog said “technical write-offs” are resorted to by banks as per the Reserve Bank of India (RBI) guidelines. Finance Minister Arun Jaitley Monday
Category: RBI–Banks
IBBI needs to have more powers, says NCLAT Chairperson – The Economic Times
The Insolvency and Bankruptcy Board needs to be given more powers, NCLAT Chairperson Justice Sudhansu Jyoti Mukhopadhaya said Monday and also suggested that there should be regulations for the Committee of Creditors (CoC). The number
Companies pay up Rs 1.1 lakh crore for fear of insolvency action – The Economic Times-R
The number of cases filed is almost four times higher, sources said, but many are withdrawn before they are admitted as the borrower agrees to
IL&FS: Government takes control of IL&FS, 6-member board led by Uday Kotak set up–Economic Times
The Centre has taken control of the management of IL&FS that has roiled markets by defaulting on debt, stepping in to check a contagion that could have
IL&FS–Time for swift action | Business Standard Editorials
The National Company Law Tribunal (NCLT) permitted the government on Monday to seize control of infrastructure finance major Infrastructure Leasing and Financial Services (IL&FS) with
IL&FS crisis: India’s ‘too big to fail’ moment? | Business Standard Column
The government is intervening to try and contain the IL&FS default crisis. Is this India’s “too big to fail” moment? That reference to the US-led subprime crisis
Govt issues lookout notices for four directors of debt-laden IL&FS | Business Standard News
The government has come down heavily on Infrastructure Leasing & Financial Services’ (IL&FS’) former management, led by Ravi Parthasarathy, who retired in July 2018, vice-chairman
More pain, little gain – The Hindu BusinessLine
Hiking import duties won’t help India lower its current account deficit; in fact, it may hurt trade In yet another half-hearted attempt to contain the
View: Time for RBI to take control of regulation & supervision – The Economic Times
RBI’s inability to see the big picture has cost the economy dear. With so many banks on prompt corrective action (PCA), bank lending has been
Fraud cases under IBC cross Rs 40,000 crore – The Economic Times
The numbers showed that frauds, which include siphoning of funds, transactions with related parties and fictitious persons, were widespread in cases that have been referred
Contactless banking for MSMEs to be the new paradigm: Fin Services Secretary Rajiv Kumar – The Economic Times
In a bid to bolster credit growth, the Finance Ministry is planning to expand the scope of the recently launched portal that enables MSMEs to
Experts hope 50% recovery under bankruptcy code – The Economic Times
The most important parameter on which the recovery rate of debt to the financial creditors depends is the value of the assets of the defaulter
US economic growth, rupee fall to boost Indian exports: Assocham – The Financial Express
The US emerged as the top export destination for India, with USD 47.9 billion worth of shipments in the last fiscal ended March, followed by
Insolvency and Bankruptcy Code: Has IBC been effective in safeguarding the rights of buyers? – The Financial Express
It is very unlikely that the home buyers will get any significant recovery from the sale of the uncompleted projects either. The interest of home
How the threat of IBC has made debtors pay up Rs 1 lakh crore! MS Sahoo, chairman, IBBI explains – The Financial Express-R
As the Insolvency and Bankruptcy Board of India (IBBI) turns two on Monday, its chairman MS Sahoo dwells upon the efficacy of the new insolvency
Weak rupee may prompt RBI to raise repo rate – The Hindu BusinessLine
Inflationary concerns due to costlier oil imports and a weakening rupee could prompt the Reserve Bank of India to raise the repo rate by 25
NPAs-Pitfalls of too much conservatism – The Hindu BusinessLine
Conservative fiscal and monetary policies have hurt industry, ramping up NPAs and worsening external account imbalances The story we were told, when India embarked on
NBFCs–A wake-up call for regulators – The Hindu BusinessLine
The interdependence of NBFCs and MFs could pose a greater systemic risk than banks The IL&FS default crisis has been described as, among other things,
Lenders drag realty firm Indu Projects to NCLT – NEWS – The Hindu BusinessLine
Lenders of Indu Projects, a Hyderabad-based infrastructure and real estate company, have dragged it to the National Company Law Tribunal’s Hyderabad bench seeking initiation of
Pitfalls of too much conservatism – OPINION – The Hindu BusinessLine
Conservative fiscal and monetary policies have hurt industry, ramping up NPAs and worsening external account imbalances The story we were told, when India embarked on
aniltikotekar4sme.com 