By Anirban Nag and Vrishti Beniwal India’s world-beating economic growth is running up against some big risks: high oil prices, emerging market stress as the
Category: RBI–Banks
Rupee plunges to record low as current account deficit widens to 5-yr high | Business Standard News
The Indian rupee and bonds sunk after the current-account deficit widened to the most in five years, as an emerging-market rout raises investor scrutiny of
Can the rupee fall be controlled? – The Hindu BusinessLine
Hedging oil contracts and addressing export finance hurdles will help. The RBI should articulate its view on the rupee The fall of the rupee has
RBI: India worried about rupee drop, mulls tapping NRIs – The Economic Times
A cut in taxes on petrol and diesel is ruled out for now as neither the central government nor some states have the appetite to
Raghuram Rajan | NPAs: Over-optimistic bankers, growth slowdown responsible for NPAs: Raghuram Rajan–Economic Times
Over optimistic bankers, slowdown in government decision making process and moderation in economic growth mainly contributed to the mounting bad loans, said former RBI Governor Raghuram
Stressed power firms: Relief for 2 power projects; Madras HC stays insolvency proceedings – The Economic Times
Madras High Court has granted interim reprieve to two private power companies by staying insolvency proceedings against their stressed assets. Several other firms, meanwhile, are likely to
Insolvency case: ICICI Bank moves NCLT against JP Associates – The Financial Express
ICICI Bank on Monday filed an insolvency case against Jaiprakash Associates before the Allahabad bench of the National Company Law Tribunal (NCLT), which issued notices
Bidding battle: ArcelorMittal ups the ante in the race for Essar Steel – The Financial Express
Steel major ArcelorMittal will up its bid for Essar Steel to Rs 42,000 crore and will also settle its dues of Rs 7,000 crore to
IBC and Companies Act: Accountability of owners – Will the bells toll now? – The Financial Express
Shuchi Dutta & Kaushik Dutta The year is 1982. A young Swraj Paul has just attempted a hostile takeover of DCM and Escorts, two leading
Falling Rupee: How to ease importers’ trauma | Financial Express
the immediate terror is the apparent acceleration of the fall since August, when it has fallen by nearly 4 rupees (around 6%) in a little
Bad Loan: Raghuram Rajan has a word of caution on MSME lending
Rajan said credit targets were sometimes achieved by abandoning appropriate due diligence, creating the environment for future NPAs. The next build-up of non-performing assets (NPAs)
Rajan hopes rupee won’t see free fall with RBI raising interest rate | Business Standard News
Former Reserve Bank Governor Raghuram Rajan Monday hoped that the rupee will not go in for a free fall as the central bank is appropriately raising interest rate to
Power NPA case: SC transfers all pleas filed in different HCs to itself | Business Standard News
In a relief to power companies, the Supreme Court on Tuesday transferred all pleas filed before different high courts to itself in power NPAs case. The apex
Trade-deficit woes drag rupee to new lows – The Hindu BusinessLine
The free-fall in the Indian rupee continues. The rupee remained under pressure all through the week and tested the psychological level of 72 last Thursday.
The Bankruptcy and Insolvency Code could set ‘naamdars’ straight | columns | Hindustan Times
The prime minister’s recent statement blaming the crisis in the banks on naamdars, or influential people, arranging loans for industrialists by phoning a bank reminds
Black to white magic – The Financial Express
According to the RBI, currency in circulation on October 28, 2016 (before demonetisation), was of the value of Rs 17,54,022 crore. Demonetisation is done but
NCLAT clears NuMetal and Vedanta’s bids for Essar Steel – The Hindu BusinessLine
The National Company Law Appellate Tribunal (NCLAT) on Friday ruled that Numetal’s ₹37,000-crore second-round bid for Essar Steel is valid, but asked rival bidder ArcelorMittal
Monetary limit for filing cases in DRT doubled to Rs 20 lakh – The Hindu BusinessLine
The government Thursday doubled the pecuniary limit to Rs 20 lakh for filing loan recovery application in the Debt Recovery Tribunals (DRT) by banks and
NCLT gives Lanco Teesta 90-day extension for insolvency resolution – NEWS – The Hindu BusinessLine
The National Company Law Tribunal (NCLT) Hyderabad has extended by 90 days the deadline for Lanco Teesta Hydel Power’s(LTHPPL) corporate insolvency resolution. The insolvency petition
NCLAT to deliver verdict on Numetal, ArcelorMittal in Essar case today | Business Standard News
The National Company Law Appellate Tribunal (NCLAT) will deliver its order on issues relating to the eligibility of Numetal and ArcelorMittal, the two bidders for Essar Steel
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