Bankruptcy Code
Govt may offer pre-pack insolvency resolution plan even for large corporates
Tue, Sep 21, 2021
In April, Government operationalised pre-packaged insolvency resolution (PIRP) framework for MSMEs that is based on the 'debtor-in-possession' model which involves a resolution professional monitoring the entire process to ensure transparency.
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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.
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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.
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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.
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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.
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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.
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