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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


$10 trillion GDP in 10 years, India needs larger banks: K V Kamath
KV Kamath, the chairman of the New Development Bank, who has just completed his five-year tenure, says India needs large financial...
Dec 13, 20202 min read


Retail loans in stress, but not alarming, say experts
As the moratorium period ended in August 2020, banks are facing some cracks but these stresses are not alarming, said experts. However,...
Dec 12, 20201 min read


Battle for acquiring stressed assets under insolvency proceeding
A lot of bidders are battling to acquire the stressed industrial establishment lying under the insolvency resolution process. Not only...
Dec 12, 20201 min read


Funding infra and MSMEs need corporate backed banks
The Reserve Bank of India recently released a report by its internal working group that suggested the licensing policy of private banks...
Dec 11, 20201 min read


Banks to suspend 2600 current accounts on the direction of RBI
Banks have through a Reserve Bank of India Circular decided to suspend 2600 currents accounts, leading to an unexpected situation for...
Dec 11, 20201 min read


Videocon's Venugopal offers Rs. 31,289 crore for withdrawal of insolvency proceedings
Videocon’s Venugopal Dhoot says that they are planning to raise the money from consumer electronics, home appliances business, affordable...
Dec 10, 20202 min read


Analysis of Financial Statements of CDs and their Personal Guarantors: 8th Advanced IP Workshop
IBBI is conducting an Online Advanced Workshop for IPs on “Analysis of Financial Statements of CDs and Their Personal Guarantors” on 14th...
Dec 9, 20201 min read


Interest waiver to cost banks Rs 6 lakh crore: Centre tells Supreme Court
The Centre informed the Supreme Court on Tuesday that if it were to consider waiving interest on all the loans and advances to all...
Dec 9, 20202 min read
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