Category: RBI–Banks

The liquidation value of the 124 companies has been pegged at just Rs 4,817 crore, while the total admitted claims of creditors (both financial and

Vijaya Bank’s Managing Director and Chief Executive Officer R A Sankara Narayanan Bengaluru-based Vijaya Bank’s Managing Director and Chief Executive Officer R A Sankara Narayanan said these

Last week, the Supreme Court observed that the role of adjudicating authorities came only after a resolution plan is finalised and said that they were

While the recent fall of the rupee against the dollar has raised concerns, the moot point here is — has the rupee really fallen. Leave aside the dollar, which

Banks will continue to see their credit costs (amount set aside for bad loans) stay at 2-3 per cent in FY19 and FY20 because of ageing

It was a volatile week for the Indian rupee. The currency tumbled to a new record low of 72.91 on Wednesday, and recovered sharply from

After the merger of State Bank of India with its five associate banks, Bank of Baroda had long been under focus for possibly being the

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

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

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

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

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

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

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

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

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

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

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