In February, the Reserve Bank of India (RBI), which serves as the banking regulator and is thus overseeing the bank asset clean-up process, had announced stringent norms
Category: RBI–Banks
[Banks] Brief respite – Business Line–18.04.2018
The RBI’s recent dispensations will provide only a brief respite, while doing little to restore confidence in the banking system What was to be a
The great bank fiddle | The Indian Express–17.04.2018—–*****
It is now clear that India’s current banking crisis is a child of multi-decade action and inaction by the RBI and the Department of
RBI may loosen NPA norms to let banks breathe easy – The Economic Times–17.04.2018
The Reserve Bank of India (RBI) may relax some of the stringent norms for treatment of bad loans that it announced in February without diluting their spirit,
IDBI Bank: NCLT admits S Kumars for insolvency proceedings–Economic Times–17.04.2018
The Mumbai chapter of the National Company Law Tribunal (NCLT) last week admitted textiles and apparel company S Kumars NationwideNSE 20.00 % for insolvency proceedings after the state-owned IDBI
Alok Industries: Alok lenders reject Reliance Industries-JM Financial ARC’s revised offer – The Economic Times–17 04 2018
Lenders to Alok IndustriesNSE -9.76 % have rejected a revised offer by Reliance Industries-JM Financial ARC to acquire the bankrupt company, implying that the borrower may head
RBI should stay firm on bankruptcy norms–Economic Times–17.04.2018
The finance ministry reportedly wants the Reserve Bank of India (RBI) to ease the norms for bad loans, ostensibly to prevent mass corporate distress. This
Insolvency and Bankruptcy Code: There is no alternative to the process – The Financial Express–17 04.2018
The Supreme Court’s disinclination to interfere in the Insolvency and Bankruptcy Code (IBC) process and entertain a petition by Binani Industries to terminate insolvency proceedings
As banks shy away from education loans, NBFCs see a lucrative opportunity | Business Standard News–16.04.2018
While public sector banks are facing high accretion of non-performing assets (NPAs) in the education loans, leading to a marked slowdown in growth, non-banking finance companies (NBFC) are expanding
Give Insolvency and Bankruptcy Code a chance | Business Standard Column–16.04.2018
The Insolvency and Bankruptcy Code, 2016 (the Code), shall be two years old next month with mixed experience, despite government’s move at an unprecedented pace to operationalise
Banks Bottom Line–Brief respite – Business Line–16.04.2018
What was to be a catastrophic quarter for banks could well turn out to be a comforting one, thanks to the dispensations that the RBI
No friction with RBI, different views natural: Economic affairs secretary Subhash Chandra Garg – The Economic Times–16.04.2018
Investment revival is expected now. You don’t invest when there is spare capacity, you invest when capacities have been breached and you need fresh capacities,
Bonds issued by corporates touch ₹6 lakh crore – Business Line–14.04.2018
Corporate bond issuances in the last fiscal totalled ₹6 lakh crore, but the market is still dominated by private placements, a report from Care Ratings said.
Governor Patel, stay firm on bank norms–Economic Times–14.04.2018
Reserve Bank of India governor Urjit Patel has done the right thing to rule out any dilution in the norms for bad loans in the
GST: Yes Bank launches an industry first GST backed OD facility for MSMEs–Economic Times–14.04.2018
Yes Bank has announced the launch of ‘Yes GST’, an OD (over draft) facility for Micro, Small and Medium Enterprises (MSMEs). Through this an MSME can avail OD up to
IBC: Government needs to re-look at certain provisions of IBC: Uday Kotak – The Economic Times–13.04.2018
Kotak said the rules of bidding should be like a prospectus where it should be clearly stated what is the basis on which the bids
The hard choice: Banking over banker–Economic Times–12.04.2018
At a time when public confidence in banking has been shaken — 16% of banks’ asset portfolio is stressed, 11 public sector banks are in
Banks’ joust with RBI on new NPA framework reaches House panel–Deccan Chronicle–12.04.2018
A Parliamentary panel on Tuesday met Reserve Bank governor Urjit Patel and top bankers to discuss the revised NPA framework. Lenders are seeking respite from
Clear the banking mess and let small businesses thrive–Economic Times–11.04.2018
It is disconcerting that half the country’s state-owned banks are now under the RBI’s watch-list for their deteriorating health. Reportedly, more banks could come under
Boldly but carefully | Business Standard Editorials–11.04.2018
There is a new and palpable energy to the authorities’ attempts to run down cases of financial fraud that involve India’s banking sector. This is
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