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BQ: Operational Creditors Recover 42% Of Claims Under IBC, Says ICRA

19 June 2019: Rating agency ICRA Ltd. said operational creditors recovered 42 percent of their total admitted claims from 92 debt-ridden companies under the bankruptcy law as of March. 345 more words

General News

Non-Performing Assets (NPA) of India: Journey so far and the road ahead!

“The failure of a loan usually represents miscalculations on both sides of the transaction or distortions in the lending process itself.”

— Radelet, Sachs, Cooper and Bosworth (1998) …

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Finvert

RBI imposes penalty of Rs 10 million on HDFC Bank Limited

The Reserve Bank of India has imposed a monetary penalty of Rs. 10 million on HDFC Bank Limited, for non-compliance with directions issued by RBI on ‘Know Your Customer (KYC/ Anti-Money Laundering (AML) norms’ and on reporting of frauds. 48 more words

Business

BS: NCLT to hear grounded Jet Airways' insolvency plea on Wednesday

18 June 2019: State Bank of India (SBI), the lead banker to Jet Airways, on Tuesday filed an insolvency plea against the crisis-hit airline under Section 7 of the Insolvency and Bankruptcy Code at the National Company Law Tribunal (NCLT), Mumbai. 492 more words

General News

MC: Digging Deeper | What does RBI'S revised framework for resolution of stressed assets look like?

18 June 2019: On June 07, 2019, post the quashing of its ‘revised framework for resolution of stressed assets’ by the Supreme Court in April, multiple media sources reported that the Reserve Bank of India had issued a ‘prudential framework for resolution of stressed assets’, giving lenders leeway to review a borrower account within 30 days of default. 1,912 more words

India Bankruptcy

MC: Glide path to solve NPA maths? RBI can give it a try

18 June 2019: Post-elections, there have been large scale discussions in the media calling for a review of RBI’s inflation targeting framework. Analysts are questioning whether such framework is appropriate for India, whose inflation is based on supply side factors that cannot be resolved by the monetary policy. 774 more words

General News

Awaz Punita Society vs. Reserve Bank Of India And Ors; "How Much Interest A Credit Card Company Can Charge?"

Credit card is an amazing tool for the lenders as well as for its users to avail benefits and advancing digital payments for the people. It helps in providing in ease of making payment in a digital banking system that is flourishing in India. 2,715 more words

Banking & Security Law