India needs more economic reforms to achieve its potential growth rate of 8-9 per cent, Nobel laureate Nouriel Roubini said today. The noted economist also cautioned against
Category: RBI–Banks
Forget privatisation, consolidation of PSBs can prevent PNB-like scams | Business Standard Column–30.03.2018—–*****
The US President from 1945 to 1953, Harry S Truman, had a sign on his table that read “The Buck Stops Here”. It is unclear
IBC–Liquidators allowed to sell companies as ‘going concern’ – Business Line–30.03.2018
Liquidators of companies where an insolvency resolution process has not been successful now have the option to sell them as a going concern, rather than
Bank NPAs–Can’t bank on them – Business Line–30.03.2018—–*****
The gross NPAs of all the banks in the country amounted to Rs 8.41 lakh crore at end-December. RBI’s new NPA norms are not scientific
[ RBI Vs CEA ] No one wins | The Indian Express–29.03.2018
The time is also opportune for a larger debate on accountability mechanisms such as oversight of the Indian central bank by lawmakers on the lines
Insolvency Bankruptcy Code: IBC panel seeks to draw more bidders, cut losses – The Economic Times–29.03.2018
The committee reviewing the Insolvency and Bankruptcy Code (IBC) has proposed that a case admitted for resolution can be withdrawn if 90% of creditors agree, implying that
A temporary reprieve: Bond market cheer may fade due to underlying problems | Business Standard Editorials–29.03.2018
On Monday, the Union government released details of its plan for market borrowing in the first half of the coming financial year. In what came as a pleasant surprise
Decision on loan default disclosure norms still with board: SEBI chief – Business Line–29.03.2018
SEBI chief Ajay Tyagi on Wednesday said the decision on the proposed norms necessitating listed companies to make urgent disclosures about all major loan defaults
Insolvency and Bankruptcy Code: View: Resolution plans under IBC should adhere to principles of natural justice – The Economic Times–28.03.2018
Any transfer of such assets requires approval of 75% shareholders in a general body meeting. By M Umarji A new section 29A has been inserted
Insolvency and Bankruptcy: IBC panel eases insolvency rules for MSME owners, vastly improve prospect of being acquired, revived – The Economic Times–28.03.2018
The Insolvency and Bankruptcy Code review panel called for sweeping changes in the law aimed at easing insolvency rules for small enterprises and providing relief to home buyers by
IBC–Welcome changes to resolution rules–Economic Times-28.03.2018
A panel to review the Insolvency and Bankruptcy Code (IBC) has reportedly recommended treating homebuyers as financial creditors to provide them relief. It also wants
Rate of change: Free market lessons for RBI – The Financial Express–28.03.2018–Incomplete
That RBI is deeply concerned about poor transmission of its monetary actions is well known. Bank credit is a major link in the transmission process in which
Need a bank loan? These are the documents needed to get one – The Economic Times–27.03.2018
By Rishi Mehra A loan application procedure is complete only when the document verification is successful. Be it any type of loan, an applicant has
From Sarfaesi Act to service tax rule, here are the key court orders | Business Standard Column–27.03.2018
Creditors must follow Sarfaesi procedure The Supreme Court last week set aside the judgment of the Bombay High Court and ruled that a secured creditor is bound to
All about NPA imbroglio in MSME sector – The Financial Express–26.03.2018
B Yerram Raju RBI statistics show that stressed assets in Indian banking have reached the alarming level of 16% of the total assets. MSMEs, however, suffering
Banks told to be vigilant on Aadhaar – The Hindu–26.03.2018
Use OTPs only in the presence of customers: UIDAI The Unique Identification Authority of India (UIDAI) has asked banks to provide Aadhaar-based onetime password (OTP)
Panagariya makes strong case for privatisation of PSBs – The Hindu–25.03.2018
Former NITI Aayog Vice-Chairman Arvind Panagariya has made a strong case for the privatisation of public sector banks with the exception of State Bank of India (SBI),
PNB fraud: Fugitive Economic Offenders Bill: India must not run away from a clearer law – The Economic Times–24.03.2018
By Sumer Singh Boparai To circumvent a bellicose Opposition in Parliament, the Union Cabinet finally cleared the Fugitive Economic Offenders Bill (FEOB), 2017, on March1. The Bill’s
FlexiLoans loans made easy for SMEs- Business News–24.03.2018
1) Founders: Manish Lunia, Ritesh Jain, Deepak Jain and Abhishek Kothari went to the Indian School of Business together in 2009. They worked on multiple
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