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Claims worth Rs 3.13 lakh cr under insolvency proceedings
Mon, Jan 29, 2018
In June last year, the Reserve Bank had identified 12 accounts, each having more than Rs 5,000 crore of outstanding loans accounting for 25 per cent of total NPAs or bad loans of banks, for immediate referral for resolution under the bankruptcy law.
Looking at new growth opportunities in Indian economy: ICICI
Wed, Jan 24, 2018
ICICI Bank is looking at new areas of growth opportunities in the Indian economy as new areas are coming up to be tapped post demonetisation and introduction of GST, its chief Chanda Kochhar has said.
Lok Sabha passes amendment in Bankruptcy code
Sat, Dec 30, 2017
IBC was introduced in 2016, with an aim to find a time-bound resolution on companies that have become insolvent and to protect the interest of creditors.
Government should go slow on public sector bank mergers: Raghuram Rajan
Wed, Sep 06, 2017
Mergers can happen between healthy banks and not amongst weak ones and the central government should be careful in this regard, said Reserve Bank of India`s former Governor Raghuram G Rajan said on Tuesday.
RBI might take up NPAs worth Rs 8 lakh crore for resolution by 2019: Assocham
Mon, Jul 17, 2017
Industry body Assocham on Sunday said the Banking Regulation (Amendment) Ordinance has empowered the Reserve Bank of India (RBI) to take up "bad loans worth about Rs 8 lakh crore" for resolution by March 2019.
Govt to push Banking Regulation Bill in Monsoon Session
Tue, Jul 11, 2017
The Monsoon Session of Parliament begins next week on July 17 and closes on August 11.
HSBC sees Sensex at 30,500 by end of 2017 on government reforms
Wed, Jan 11, 2017
Global financial services major HSBC has set an optimistic benchmark BSE Sensex target at 30,500 for December-end, 2017 saying that structural reforms like demonetisation and GST will boost growth in the long run.
Reforms in India to boost medium term growth: Moody's
Tue, Jan 10, 2017
In a statement, Moody`s Investors Service said the capacity of governments to implement measures and the effectiveness of policies in achieving the respective governments` objectives would shape the sovereigns` credit profiles over the coming year.
Budget 2017 will bring in 'behavioural shift'
Tue, Dec 20, 2016
Rana Kapoor said, “For the upcoming budget, ensuring seamless implementation of goods and service tax (GST) and Bankruptcy code is vital along with the demonetisation drive is a logical precursor to this.”
Govt appoints 4 nominees to Insolvency and Bankruptcy Board
Sun, Oct 02, 2016
Government has appointed four nominees, including two joint secretaries, to the Insolvency and Bankruptcy Board of India (IBBI).
Jaitley directs senior officials for faster implementation of Bankruptcy Code
Tue, Aug 23, 2016
Jaitley here on Tuesday held a meeting of senior officers of the ministry to review the implementation of IBC 2016.
Full Text: Rajan talks about resolving stress in banking system
Wed, Jun 22, 2016
What is required is a clean-up of the balance sheets of public sector banks, which is what is underway and needs to be taken to its logical conclusion, Rajan said.
India's securitisation market set to grow further: Moody's
Mon, Jun 20, 2016
The new tax rule will increase post-tax returns from investments in pass through certificates (PTCs).
Reforms to push India's growth to 8% by FY19: Fitch
Thu, May 26, 2016
Urban consumption is likely to be supported by a hike in civil servant wages, after the 7th Pay Commission recommended a wage rise of almost 24%.
Bankruptcy law credit positive for Indian banks: Moody's
Thu, May 26, 2016
The ratings agency said the new law entails greater efforts by corporate borrowers to avoid default and thereby a possible insolvency resolution process.
India should resist being too ambitious about growth: Raghuram Rajan
Mon, May 23, 2016
"Given a great uncertainty about outlook and policies of others in these times, a country like India should try to take sensible measures without getting too ambitious, as we have done so far," Rajan said, delivering the Mahtab Memorial Lecture in Bhubaneswar late Sunday evening.
Rajya Sabha passes Bankruptcy Bill
Wed, May 11, 2016
The new Insolvency and Bankruptcy Code aims to slash the time it takes to wind up a company or recover dues from a defaulter.
Top industry leaders cheer passage of Bankruptcy Code
Fri, May 06, 2016
The new Bankruptcy Code is quite significant as it seeks to provide a framework which will play an extremely crucial role in ensuring insolvency resolution of corporates and individuals, said the CII Director
Six things to know about proposed bankruptcy code
Mon, May 02, 2016
Experts caution, however, that it would take years to train up a new class of insolvency professionals and compile debt records to make the British-style regime effective.