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
Category: RBI–Banks
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
10 yrs of Lehman crisis: Lessons India didn’t learn from the 2008 meltdown | Business Standard News
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
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
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