Anil Ambaniās loan has been reported as fraud for the second time by SBI:Itās reported by BusinessLine as: State Bank of India has decided to report the loan account of Reliance Communications Ltd (RCOM)...
The global economy is in a downward trend, fueled by the 3rd wave of the pandemic. In India, the role of Public Sector Banks (PSB) who constitutes more than 65% of the banking system,...
The Union Government has announced setting up of a Bad Bank (the name itself is bad), called the National Asset Reconstruction Company Ltd (NARCL).Ā It will buy loans above Rs.500 crores from the banks....
Harsh Goenka, Chairman, RPG Enterprise has stated, āPromoters slash away on the side, take the company to cleaners, get an 80% to 90% haircut from Bankers / NCLT.Ā Thatās the new game in townā....
India Inc. is now officially facing an economic slowdown. But economic slowdowns arenāt made overnight. This has been in the offing for almost a year now. On 23 June 2019, the Reserve Bank of...
Much has been written about the nonperforming asset (NPA) crisis plaguing the Indian banking system. The Insolvency and Bankruptcy Code (IBC) has been widely hailed as the silver bullet. But it has arguably done...
When the Bill for āInsolvency and Bankruptcy Code, 2016ā was passed in parliament in May 2016, it was hailed as the biggest economic reform, only next to GST, by the current government. The Insolvency...
