It is welcome that the government has tightened the eligibility norms for bidding for companies being resolved under the Insolvency and Bankruptcy Code (IBC), to
Category: RBI–Banks
Blow to wilful defaulters: Loan cheats thought they are smart but Arun Jaitley has stumped them – The Financial Express–24.11.2017
Essar Steel Ltd has a loan default of Rs 37,284 crore. In August, the National Company Law Tribunal (NCLT) admitted insolvency proceedings against it. Two months
Ordinance to amend bankruptcy code gets President Kovind’s nod | Business Standard News–24.11.2017
Wilful defaulters and entities whose accounts have been classified as NPAs will be barred from bidding for assets under the insolvency law, with the President
Full text: President Kovind gives assent to ordinance to amend IBC | Business Standard News–24.11.2017
The President of India has given his assent today to the Ordinance to amend the Insolvency and Bankruptcy Code, 2016 (the Code). The Ordinance aims
Jolt for errant promoters | Business Standard Editorials–24.11.2017
The presidential assent to the Ordinance effecting crucial changes to the Insolvency and Bankruptcy Code is a bold and clever step towards ensuring that the
Ordinance may lead to more litigation | Business Line–24.11.2017
The banking sector will be a major loser as the ordinance would reduce the number of bidders and minimise the scope for finding the right
‘IBC ordinance will affect pending suits’ – The Hindu–24.11.2017
The biggest concern regarding the amendments to the Insolvency and Bankruptcy Code (IBC) is that they will cause disruption in nearly all pending insolvency proceedings,
No more bidding from wilful defaulters for stressed assets as government moves to bring changes in Bankruptcy code – The Financial Express–23.11.2017
The Central Cabinet on Wednesday today approved an ordinance approving an amendment to the Insolvency and Bankruptcy Code to prevent wilful defaulters from bidding for stressed
Jaypee crisis: SC restrains JAL directors from alienating properties | Business Standard News–23.11.2017
The Supreme Court on Wednesday directed 13 directors, including five promoters of embattled Jaiprakash Associate Limited (JAL), not to alienate their personal properties and asked
The promise of blockchain | Business Standard Editorials–23.11.2017
State Bank of India (SBI) is all set to roll out two applications that adopt the revolutionary blockchain technology for banking. The use of blockchain
One year of RBI MPC: Michael Patra says monetary panel has task cut out – The Financial Express–22.11.2017
One year after a panel of experts started to decide the monetary policy, an Reserve Bank nominee on the Monetary Policy Committee (MPC) has said
Bankruptcy: Insolvency law: Government sets up 14-member panel to identify issues – The Economic Times–22.11.2017
More than 300 cases have been admitted for resolution by the National Company Law Tribunal (NCLT). With rising number of cases under the Insolvency and
Trading platform for SMEs, TReDS, set to take off after three years – The Economic Times–21.11.2017
TReDS, a trading platform for small and medium enterprises, is set to take off after three years, after the government allowed state-run companies to use
Moody’s rightly shifted focus from deficit to reforms to upgrade India; here is why – The Financial Express–21.11.2017
The timing of Moody’s ratings upgrade, the first in 13 years, is ironic since it comes at a time when, while still good, India’s fundamentals
Change in mood | Business Standard Editorials–20.11.2017
In what is unquestionably good news for the Indian economy, international credit rating agency Moody’s has raised India’s sovereign bond rating from Baa3 to Baa2.
Fintech involves another’s money, it has to be secure: PayPal CEO | Business Line–20.11.2017
As President and CEO of digital payments firm PayPal, Dan Schulman is focussed on transforming financial services to make life easier for billions of people
Crony capitalism, political pressure contribute to current problems in economy: Prashant Bhushan | Business Line–20.11.2017
Many of the country’s leading corporations including Reliance Industries, Reliance (ADA) group, the Adani group and Essar group came under a blistering attack from senior
Card transactions soar 84% in Sep 2017 to Rs 74,090 cr: Report | business-news | Hindustan Times–20.11.2017
The debit and credit card transactions have jumped to Rs 74,090 crore in September this year, up a hefty 84 per cent as compared to
FinMin asks banks to prevent defaulters from buying stressed assets–20.11.2017
To ensure success of bankruptcy process under the Insolvency and Bankruptcy Code (IBC), the finance ministry has asked banks to be vigilant to ensure that
Bank NPAs crisis: Bad loans moderating, but credit costs are rising – The Financial Express–19.11.2017
The good news is that loan slippages are moderating, though credit costs are rising due to the burden of provisioning. And private banks continue to
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