Bank unions say they will oppose the proposed amalgamation between Bank of Baroda, Dena Bank and Vijaya Bank, claiming the move is anti-people and will
Category: RBI–Banks
Numetal joins war of letters, points fingers at Mittals – NEWS – The Hindu BusinessLine
The fight to take control of Essar Steel intensified on Monday with Numetal seeking to know from the the resolution professional (RP) overseeing the insolvency
Rupee in a global world | The Indian Express
The crux of the problem is that India’s macroeconomic framework is based on an antiquated belief that the economy is closed when in reality it
Banks to go ahead with power units’ resolution plans – The Economic Times
After initial apprehensions, law firms have finally interpreted the brief judgement as favourable to the resolution proceedings and interpreted status quo only on insolvency proceedings
Welcome commitment to hold the rupee
The government has done well to try and address concerns on the rupee. The most credible and reassuring statement is that the government would not
Growing out of this banking crisis is harder | Business Standard Column
In post-1991 history, we in India have gone through two cycles of boom and bust. The investment boom of 1994 gave way to the woes of the
From insurer’s liability to arbitration appeal, here are key court orders | Business Standard Column
Curbs on invoking IBC in arbitration appeal The Insolvency and Bankruptcy Code cannot be invoked when an arbitration award has been passed against an operational debtor and
Don’t politicise NPAs – The Hindu BusinessLine
Raghuram Rajan’s balanced assessment calls for a more considered response A few days ago, former Reserve Bank Governor Raghuram Rajan made a lucid, objective submission
RBI circular deserved to be stayed: Advocate Abhishek Singhvi – The Economic Times
Advocate Abhishek Singhvi said the controversial circular of the Reserve Bank on stressed assets deserved to be stayed because it was a blanket approach without regard to individual facts
Some power firms taken to NCLT just before SC order – The Economic Times
Lenders dragged a bunch of power companies to the National Company Law Tribunal (NCLT), signalling their intention to seek an early resolution to the issue of bad loans, just
RBI opts out of panel on stressed power assets – The Economic Times
The Reserve Bank of India has refused to be part of the cabinet secretary-led panel set up by the PMO in July to resolve issues of the
Essar Steel bid: ArcelorMittal to Supreme Court: Will pay dues if Essar Steel bid accepted–Economic Times
ArcelorMittal told the Supreme Court it would lift the escrow on Rs 7,000 crore and pay the money owed by Uttam GalvaNSE 3.86 % and KSS Petron, companies in which
SC observation: ‘NCLT must not step in at every stage’ – The Financial Express
The Supreme Court on Thursday said the National Company Law Tribunals (NCLTs) and the appellate tribunal should not entertain petitions by the concerned parties at
Domino effect – The Hindu BusinessLine
The IL&FS downgrade has lessons for many other financial market constituents The ruckus that has followed the recent credit downgrade at project financier Infrastructure Leasing
Insolvency process: Banks to seek RBI clarity on SC’s status quo order | Business Standard News
Bankers will approach the Reserve Bank of India (RBI) to seek clarity on whether they can proceed with insolvency proceedings against stressed corporate debtors. This follows
NCLT/NCLAT shouldn’t interfere in insolvency resolution proceedings: Supreme Court – The Economic Times
The Supreme Court on Thursday said the National Company Law Tribunal (NCLT) and the Appellate Authority (NCLAT) should refrain from interfering in insolvency resolution proceedings by the Interim Resolution
Ben Bernanke admits Fed made mistakes combating financial crisis 10 years ago – The Financial Express
Former Federal Reserve Chairman Ben Bernanke acknowledged that policy makers made two critical errors fighting the financial crisis a decade ago: They failed to see
Don’t interfere in insolvency resolution proceedings: SC to NCLT/NCLAT | Business Standard News
The Supreme Court on Thursday said the National Company Law Tribunal (NCLT) and the Appellate Authority (NCLAT) should refrain from interfering in insolvency resolution proceedings by the
Public sector banks’ governance poses systemic risk – The Hindu BusinessLine
If there is little change in the way the banks are run, a substantial pile of fresh bad debts will be generated again in a
No ‘halla bol’ at defaulter’s residence: Kerala HC to Corp Bank – The Hindu BusinessLine
The Kerala High Court, on Thursday, restrained the management of Corporation Bank from holding any sort of demonstration by its employees in front of a
aniltikotekar4sme.com 