The Gujarat High Court’s decision to dismiss Essar Steel’s petition challenging the initiation of bankruptcy proceedings against the company came as a huge relief to
Category: RBI–Banks
All petitions should be clubbed under insolvency code, Era Infra tells NCLT | Business Standard News–26.07.2017
Era Infra Engineering on Tuesday argued that all winding up petitions against the company being heard in courts under the Companies Act be clubbed under
Personal loans made easy via ATMs and apps: How it works | Business Standard News–26.07.2017
It’s not just large private sector banks that are offering instant loans to their customers through ATMs or via online bank accounts. Financial technology start-ups
Hidden value–PSBs | Business Line–26.07.2017
As the RBI, the banks and the new Bankruptcy Board double down to the task of resolving the bad loan imbroglio, one thing is becoming
A case of double standards | Business Line–26.07.2017
A recent Crisil research report has said that the top 50 stressed assets, which account for over half the total NPAs of ₹8 lakh crore,
loans: Defaulted on your loan? Your bank will soon be legally bound not to hound you for one-time repayment–Economic Times–25.07.2017
The government has begun work on laying down a process for individuals to be declared bankrupt, which will help them deal with a financial crisis
Insolvency not the best solution to alleviate NPA pain: HDFC Bank MD Aditya Puri – The Financial Express–25.07.2017
Veteran banker Aditya Puri today said initiating insolvency proceedings is not the “best solution” to fight the bad loan issue and advocated using the recently
New Bill empowers RBI to direct banks to resolve NPAs, appoint advisors | Business Standard News–25.07.2017
A bill to authorise the RBI to direct banking companies to resolve the problem of stressed assets was on Monday introduced in the Lok Sabha
Rise in HDFC Bank’s NPAs a transient pain | Business Standard News–25.07.2017
For HDFC Bank investors, used to seeing gross non-performing assets (NPAs) of about 1 per cent, the June quarter (Q1) result is certainly an aberration.
Banks need capital; bankers, assurance–Economic Times–24.07.2017
The National Company Law Tribunal (NCLT) has reportedly asked why the RBI needs to issue directions to banks to initiate bankruptcy proceedings against defaulters. Credit-rating
P Chidambaram: On education loans, poor were shut out, absolutely and physically – The Financial Express–24.07.2017
Graduates are unable to repay education loans because they cannot find jobs in a period of jobless growth There is A government policy for everything.
How RBI can empower NBFCs to face challenges – The Financial Express–24.07.2017
India has shown dramatic improvement in terms of financial inclusion in the last few years with around 20 crore people having gained access to financial
Creation of bad bank is difficult but will be very helpful: Kenneth Rogoff | Business Standard News–24.07.2017
Kenneth Rogoff, professor of public policy and economics at the Harvard University, tells Dilasha Seth on the sidelines of the Delhi Economics Conclave that public
Downgrade cloud on Syndicate Bank | Business Standard News–24.07.2017
India Ratings has downgraded its outlook on Syndicate Bank’s existing Tier-I and Tier-II bonds from ‘stable’ to ‘negative’, due to a weakening credit profile of
Bank mergers to benefit sector, end duplication of resources: Dena Bank CMD | Business Standard News–24.07.2017
Amid talks of consolidation gaining currency in the Indian banking space, public sector lender Dena Bank’s Chairman and Managing Director (CMD) Ashwani Kumar has said
The missing pillar of insolvency framework | Business Standard Column–24.07.2017
The bankruptcy law reforms committee (BLRC) has visualised four pillars to make the insolvency process work efficiently: A private industry of insolvency professionals (IPs); adjudication
Insolvency: Why pending winding-up cases are causing ambiguity in the Code | Business Standard Column–24.07.2017
The Reserve Bank of India’s (RBI’s) direction to banks to commence insolvency proceedings against 12 big-ticket corporate defaulters (with a combined value of Rs 1,75,000
Debtors have filed over 33% of insolvency cases | Business Line–24.07.2017
With defaulters themselves triggering the proceedings, resolution could happen faster Essar Steel tried to stay insolvency proceedings against it by moving the Gujarat High Court.
Scratching the surface | Business Line–24.07.2017
Speedier default resolution is welcome, but structural issues need to be addressed to prevent a recurrence of the problem Such has been the concern over
Despite 21% jump in NPAs, education loan disbursals top Rs 20,000 cr in FY17 | Business Line–24.07.2017
Despite increasing number of students not paying back their loans spiking NPAs to over 10 per cent, lending continues for higher education with the disbursals
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