The global meltdown saved the RBI It seems absurd a decade later to believe this but in 2009 an Indian financial company had bid for
Category: RBI–Banks
NPA uncertainty: Supreme Court decision will muddy the waters further | Business Standard Editorials
On Tuesday, the Supreme Court issued an order staying further moves against the distressed power sector by its creditors. It also transferred all the pleas in various
Global financial crisis: How India can look ahead by looking back | Business Standard News
As a backstop to banks, a vibrant corporate debt market is absolutely essential for risk diversification In March 2007, I accompanied Axle Weber then President
With NPAs worth Rs 500 bn, banks need 40-60% haircut to get RP4 rating | Business Standard News
With bad loans worth over Rs 500 billion under RBI’s independent credit evaluation (ICE) framework, a report on Wednesday said that banks need to take a haircut of 40-60
Supreme Hiatus in Insolvency Proceedings–Economic Times
The Supreme Court has stayed bankruptcy proceedings set to be initiated against power producers and others till mid-November. Assorted debtors had challenged bankruptcy proceedings that
RBI Ex-Governors’ Insights on NPAs–Economic Times
This week, two former governors of the Reserve Bank of India (RBI) have spoken about financial and banking crises. Duvvuri Subbarao, governor from 2008-13 spoke
Lehman Brothers: Root of NPA woes is the restructuring carried out during the Lehman crisis – The Economic Times
India must consider setting up a sovereign wealth fund to invest excess reserves in commercial assets rather than in the might of the dollar. As
Lehman Brothers: We took both conventional and unconventional steps: Duvvuri Subbarao – The Economic Times
We would have done everything that we did in real time because we were operating in real time within the universe of knowledge available to
Stimuli helped weather storm but skewed macros – The Economic Times
Duvvuri Subbarao has had the most inauspicious start to his stint as RBI governor. Within days of assuming office, Lehman Brothers collapsed leading to the worst global financial
Raghuram Rajan | NCLT: Big promoters using IBC to file frivolous appeals: Raghuram Rajan–Economic Times
Some of the promoters of companies in default are still attempting to game the system and the judiciary should resist its temptation to encourage frivolous
Banks may show photos of assets to be auctioned – The Economic Times
Soon, banks may show photographs of properties that they put up for auction, along with relevant documents, just like some of the real estate portals do as
Banks have to take up to 50% haircut on stressed debt of Rs 50,000 cr under ICE framework: Study – The Hindu BusinessLine
With stressed debt of over Rs 50,000 crore under the independent credit evaluation (ICE) framework, banks have to take a haircut in the range of
politics of economy | अर्थकारणाचे राजकारण – Maharashtra Times
अर्थकारणाचे राजकारण बँकांच्या बुडित कर्जांबाबत रिझर्व्ह बँकेचे माजी गव्हर्नर रघुराम राजन यांनी केलेल्या विवेचनावरून चाललेली राजकीय चिखलफेक दुर्दैवी आहे. कळीच्या विषयावरही कुरघोडी करण्यातच धन्यता मानण्याची ऱ्हस्वदृष्टी राजकीय
Lessons unlearnt: Raghuram Rajan’s explanations for NPA crisis provide a template for banking reforms–Times of India
Raghuram Rajan, governor of RBI between 2013 and 2016, has triggered a political debate between Congress and BJP while communicating his views on India’s bad
Why burning oil, melting rupee should not worry India – The Economic Times
By Swaminathan S Anklesaria Aiyar The Bharat Bandh called by Congress and sundry opposition parties, to protest against rising fuel prices and a falling rupee, represents the sad populism common
Rupee: Rupee at record low puts RBI under pressure to curb market rout – The Economic Times
By Anirban Nag India has a currency problem and it’s not going away anytime soon. A current-account deficit at a five-year high, elevated oil prices
New Essar Steel Bids Show IBC’s Potential–Economic Times
ArcelorMittal’s revised offer for Essar Steel, reported to be Rs 42,000 crore, would cover the defaulting company’s principal debt. Besides, the two companies that show
Revised bid for Essar Steel offers “unprecedented value” to creditors: ArcelorMittal – The Economic Times
The revised bid for Essar SteelNSE 0.00 % represents “unprecedented value” to creditors and demonstrates the company’s serious commitment to India, creditor banks and all company stakeholders, ArcelorMittal said
SC orders construction of 514 flats of Unitech from auctioned property funds – The Economic Times
The bench posted the matter for further hearing on September 19. To the relief of aggrieved home buyers of UnitechNSE -7.14 %, the Supreme Court Tuesday
Doubling limit for filing DRT cases will expedite bad loan recovery, says Finance Ministry – The Financial Express
The pecuniary limit was raised last week following amendment in the rules of Recovery of Debts due to Banks and Financial Institutions Act, 1993. (File
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