Recent Highlights
All Stories for Injeti Srinivas
Reserve Bank to create specialised cadre for supervision and regulation of banks, NBFCs
• 6 years agoThis move assumes significance at a time when non-banking financial companies (NBFCs) are facing severe liquidity crunch in the wake of IL&FS crisis
IL&FS crisis: Independent directors come under corporate affairs ministry scanner for lapses in carrying out duties
• 6 years agoThe crisis at IL&FS, which is estimated to have a debt burden of over Rs 94,000 crore, came to light last year after some group companies defaulted on debt repayments.
Universal debt relief scheme: Govt planning to provide relief to small borrowers, micro-entrepreneurs, says Corporate Affairs Secretary Injeti Srinivas
Fp Staff • 6 years agoThe Corporate Affairs Secretary said the cost of the scheme is unlikely to exceed Rs 20,000 crore, but will benefit millions in the very small-ticket loan category.
Corporate Affairs Ministry database fairly reliable, not a black box, says secretary Injeti Srinivas
• 6 years agoThe corporate affairs ministry maintains a fairly reliable database that is not a "black box", a senior official said on Thursday and emphasised that it is up to statistical authorities to decide on which data is representative for GDP calculation
IL&FS resolution on track; green cos' Rs 12,000 crore debt likely to be settled by July: Corporate Affairs Secretary
• 6 years agoThe board of IL&FS group, which is estimated to have a debt burden of over Rs 94,000 cr, was superseded by corporate affairs ministry in October last year
IL&FS crisis: Auditors have many questions to answer; gravity of offence will determine quantum of action: Govt
• 6 years agoCrisis-hit IL&FS group's debt burden is estimated to be more than Rs 94,000 crore and various entities, including some former officials and auditors, are under the scanner for widespread irregularities and huge loan defaults.
Govt set to provide financial assistance to minority investors for class action lawsuits, rules to be notified soon
• 6 years agoThe concept of the class action suit, that provides an option for investors to seek remedy as a group, is well known in Western countries.
Jet Airways chairman Naresh Goyal, wife Anita step down from board; shares of airline jump over 15%
Fp Staff • 6 years agoGoyal has reportedly agreed to cut his stake in the airline to 9.9 percent from earlier 51 percent. Airline's chief executive Vinay Dube is expected to stay on board
Jet Airways crisis: Good outcome from creditors-company negotiations better than insolvency, says govt official
• 6 years agoCorporate Affairs Secretary Injeti Srinivas was responding to a query on whether Jet Airways is a fit case to be referred under the Insolvency and Bankruptcy Code (IBC)
Over Rs 2 lakh crore bad loans settled, fresh NPA additions come down, says govt official
• 6 years agoOver Rs 2 lakh crore worth of loan defaults have been settled and fresh addition of non-performing assets of financial institutions has also come down after the Insolvency and Bankruptcy Code (IBC) came into being in 2016