Given the nature of transactions involved in the resolution plan, and their effect on competition in the market, the CCI approval shouldn’t be done away
Category: RBI–Banks
Insolvency and Bankruptcy Code: The loopholes that need to be plugged–Business Today–14.03.2018
As the 12 big cases referred under the Insolvency and Bankruptcy Code (IBC) to the National Companies Law Tribunal (NCLT) approach the 180 day deadline
Bimal Jalan: Don’t privatise PSU banks, make them accountable: Bimal Jalan – The Economic Times–14.03.2018—–*****
“I am very glad that we have initiated measures both for capitalisation, reducing NPAs and for ensuring that banks conform to the best standards of
E-commerce policy: Government pitches for national e-commerce policy–Economic Times–14.03.2018
The government on Wednesday made a case for a national e-commerce policy and a related consolidated legal framework to address the challenges of the sector
RBI governor cracks whip, says will break nexus between banks and businesses as PNB scam fallout grows – The Financial Express–14.03.2018
Speaking up on the recent frauds detected in the public sector banks, Reserve Bank of India (RBI) Governor Urjit Patel on Wednesday said that a
MSME’s most attractive segment in commercial credit with fastest growth, low NPAs: Report – The Economic Times–13.03.2018
https://youtu.be/GG4BFPD073Q SIDBI in association with TransUnion CIBIL launched “MSME Pulse”, a quarterly report on MSME credit activity, for closely tracking and monitoring the MSME segment
Insolvency and Bankruptcy Code left far too much room for interpretation | Business Standard Column–13.03.2018—–*****
To understand how protracted recovering money through sale of assets has become for banks, read some of the newspaper headlines relating to the insolvency cases
State-run banks must be privatised | Nandan Nilekani | analysis | Hindustan Times–13.03.2018
From 1947 to 1955, 361 private banks in India had failed, leaving depositors in the lurch. On the midnight of July 19, 1969, 14 of
PSBs recapitalisation should be part of broader package of financial reforms: IMF | business news |- Hindustan Times–12.03.2018
The IMF has said that the recapitalisation of public sector banks (PSBs) should be part of a broader package of financial reforms to speed up
Deterring fugitives – Business Line–10.03.2018
As Indian banks’ gross NPAs nudge ₹8 lakh crore and new mega-frauds like PNB’s tumble out of the closet, there is mounting public anger against
India Inc: India Inc. has Rs 1.8 lakh crore cash trapped in their balance sheets: EY Report – The Economic Times–09.03.2018
India Inc has nearly Rs 1.8 lakh crore of cash trapped in it balance sheet as working capital situation worsens on account of increase in
[ MSME ] –Nirav Modi fallout: As banks tighten purse strings, fintech can fill the void – The Economic Times–09.03.2018
By Rajat Gandhi For the millions of small businesses in the country, the current mess in the banking sector and the entire Nirav Modi and
India should open door wider to global bond buyers | Mihir Sharma | editorials | Hindustan Times–09.03.2018
Hoping to jump-start its “Make in India” manufacturing push, India’s government has rolled out the welcome mat for foreign investors. It should consider doing the
Bankruptcy Cases: Two close to resolution; six at different stages; four nowhere–09.03.2018
The creditors have chosen Tata Steel and UK-based Liberty House for running the bankrupt companies Bhushan Steel and Amtek Auto, respectively. Of the remaining 10
State-run banks facing over USD 3 billion of losses on bonds in Jan-March: Credit Suisse–Business Today–08.03.2018—–*****
India’s state-run banks – already bruised by the sprawling Punjab National Bank fraud case and soaring provisions for bad loans – are facing much higher
Banks need to overcome problems fast to lend large credit: Ex-RBI guv Rangarajan | business news | Hindustan Times–08.03.2018
Indian banks need to overcome their current problems quickly to be able to lend in large amounts, former Reserve Bank governor C Rangarajan has said.
Highest bidder right choice under IBC–Economic Times–07.03.2018
The government has done the right thing by instructing public sector banks to go by the value of the bid while assessing alternate offers for
[ Interest ] Rate reversal – Business Line–07.03.2018
The decision by the country’s largest bank, SBI, and other lenders such as ICICI Bank, Axis Bank and PNB to hike their lending rate across
PSU banks need an ethical business environment | opinion | Hindustan Times–07.03.2018
Janmejaya Sinha While reforming the PSBs, the State Bank of India can remain majority government owned because of its size and importance, but it should
NBFCs: govt’s timely warning–Deccan Herald–07.03.2018
The government’s decision to declare 9,491 non-banking finance companies (NBFC) as belonging to the high-risk category may have been prompted by the discovery of a
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