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Restructuring of loan deadline 31 Dec. 2020 unlikely to be extended: RBI
31 December 2020 is a deadline fixed for banks to accept restructuring request from those, whose business have been badly affected from...
Dec 24, 20201 min read


Govt. extends suspension of IBC till March 2021
The suspension of Insolvency and Bankruptcy Code, 2016 (IBC) has been extended for another three months. Finance Minister Nirmala...
Dec 22, 20202 min read


IBBI to organise a web conference on Insolvency Law and CISG@40
Insolvency and Bankruptcy Board of India, the regulatory body of the insolvency law in India is organising a webinar on 'International...
Dec 18, 20201 min read


Foreign Law Firms - Establishment of business in India is prohibited: RBI
Reserve Bank of India (RBI) advised the Banks that no fresh permissions/ renewal of permission shall be granted by the RBI to any foreign...
Dec 17, 20201 min read


WhatsApp Payments now live through UPI, Target 20 million users in the country
WhatsApp Payments is now available to around 20 million users in the country. The payment feature is being supported by the State Bank of...
Dec 16, 20201 min read


IPs (Recommendation) Second Guidelines, 2020 – Invitation of Expression of Interest
Insolvency and Bankruptcy Board of India (IBBI) invites Expression of Interest (EOI) from Insolvency Professionals to act as Interim...
Dec 16, 20201 min read


RBI eases conditions on current account running in other banks
The Reserve Bank of India (RBI) has exempted some services from the restrictions on opening/ running current accounts without much...
Dec 15, 20202 min read


IBBI to host a webinar on "Importance of maintaining Ethical Standards for Insolvency Professionals"
The Insolvency and Bankruptcy Board of India, in association with the British High Commission, is organising a Webinar on “Importance of...
Dec 15, 20201 min read


Borrowers need not submit specific resolution plan for invoking Resolution Framework: RBI
The Reserve Bank of India told the Supreme Court on 12 December 2020 that borrowers opting for resolution of COVID-related stressed loans...
Dec 14, 20201 min read


Foreign capital, remedy to India’s bad debt: says economist Abhijit Banerjee
There is a lot of discussion going on about whether private players should be allowed in the Indian banking sector or not? Nobel laureate...
Dec 14, 20202 min read
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