Latest News on Bankruptcy Code
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Bankruptcy Code - Total results - 50
Jul 24, 2017
NPA recovery: Government introduces Banking Regulation BillThe Centre may authorise the Reserve Bank of India to direct banks to initiate recovery proceedings against loan defaulters.
Jul 18, 2017
Gujarat HC order on Essar Steel is good news but hope of defusing bad loan bomb by 2019 is wishfulThere isn’t the required infrastructure in place as of now to initiate a large number of bad loan cases, involving huge amounts, where no significant repayment has been made for years
Jul 12, 2017
SBI not rushing towards bankruptcy code due to lack of ecosystem says Arundhati BhattachryaRBI had identified 12 large accounts with exposure of more than Rs 5,000 crore and more than 60 per cent of which is recognised as NPAs.
Jun 23, 2017
Tackling NPAs: Banks to kick off insolvency of Bhushan Steel, Essar Steel, Electrosteel; total loan Rs 92,000 crThese three borrowers are among the 12 accounts identified by the Reserve Bank for immediate reference to National Company Law Tribunal
Jun 20, 2017
Banks chart out plan for 12 large NPA accounts, Lanco Infratech first to be bookedBankers met to discuss accounts such as Amtek Auto, Bhushan Steel and Essar Steel, among others
Jun 12, 2017
Maharashtra farm loan waiver: Arun Jaitley insists states writing off agri debt will have to find own fundsEarlier after Uttar Pradesh announced Rs 36,000 crore waiver, the finance minister had made it clear that states wouldn't get my financial assistance from Centre on this count.
Jun 01, 2017
Arun Jaitley just tripped over his own feet by admitting economy wasn’t healthy when govt launched note banJaitley is absolutely right in saying a 7-8 percent growth is good enough for India in an environment where rest of the world is facing an economic slowdown
May 16, 2017
Three years of Modi govt: Reform momentum is back, but it’ll be a cardinal mistake to say all is wellThere is very little lime left for Narendra Modi; to make most of the time left, he has rein in the Hinduvta brigade and gaurakshaks
May 08, 2017
NPA ordinance: Govt will have to answer unpleasant questions about conflict of interestThe new law could give rise to larger problems of micromanagement and thereby conflict of interest in the banking sector for both the government and the RBI; it is not good for the sector in the long term
May 05, 2017
Why the new banking ordinance may not be able to solve the NPA rotThe policy is also in sharp contradiction of the Rajan doctrine - identify bad accounts, take a hit, record losses, move ahead with a clean slate