Matter could land in higher courts, as stakes for both Mittal and Ruias are high; bankers to call for fresh bids.
The new set of rules are aimed at creating a “harmonised and simplified generic framework” for resolution of stressed assets in view of new bankruptcy regulations.
The prime minister used his recent speech in Parliament to mount both an attack on the opposition and a defence of his government. But how well do his claims stack up? The Wire breaks it down.
A new ordinance will stop a majority of promoters from bidding for their own stressed assets, but may result in lower revenue for lenders.
Although the state-run power sector lender doesn’t follow RBI guidelines on loan restructuring norms yet, the CAG has in the past pointed to gaps in its due diligence process.
Growth in bad loans raises questions about due diligence measures followed by renewable energy, power PSUs over last five years.
Although Roopa Kudva quit the bank transparency body in July 2017, there has been no public intimation of this development.
While the demonetisation tsunami sorely hurt the microfinance industry, Bandhan Bank offers a good template for what MFIs can do after acquiring banking licenses.
A weekly column on the sessions of parliament.
Directors of the banks may review the telecom sector latest by June 30, 2017
Leaving aside the historical traditions of each princely state bank, and the imminent implementation obstacles, the few advantages of this merger deserve closer scrutiny.
The corporate sector is responsible for 70% of the country’s NPAs, but their loans are being waived off while waiving farming loans is still being frowned upon.
While the bank has denied rumours of a potential merger, what issues need to be considered? The bank’s operations and the state of its loans needs to be minutely examined.
Patel’s nomination has been hailed as an example of continuity of Raghuram Rajan’s policies; if this is so, then what was the need to let Rajan go in the first place?
When the Modi government came into power in May 2014, it found itself inheriting a host of legacy issues resulting from the after-effects of global recession and UPA II’s financial misadventures. There was a deep macroeconomic instability brought about by the high fiscal and current account deficits, raging […]