RBI revises norms for govt-guaranteed security receipts issued by ARCs
Banks and financial institutions transferring stressed loans to ARCs can now reverse excess provisions to their Profit & Loss (P&L)...
RBI
What is all the fuss about Mumbai-based New India Co-operative Bank
The Reserve Bank of India (RBI) has taken decisive action against New India Co-operative Bank Ltd., Mumbai, by superseding its...
RBI suspends board of Aviom India Housing Finance; to start insolvency proceedings
In a significant regulatory move, the Reserve Bank of India (RBI) has superseded the board of directors of Aviom India...
Indian banks face risks amid unsecured retail loan stress: Fitch Ratings
Fitch Ratings has expressed concerns about increasing stress in Indian banks' unsecured retail loan portfolios, which could challenge projections for...
RBI Dy Governor finds several lacunae in working of Committee of Creditors
Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao emphasized the need for significant improvements in the functioning of...
Financial creditors of Jaiprakash Associates submit claims of Rs 51k cr
The financial creditors of Jaiprakash Associates Ltd (JAL), which is undergoing corporate insolvency resolution process, have submitted claims worth Rs...
RBI bars Edelweiss Asset Reconstruction Company from acquiring financial assets
The Reserve Bank of India (RBI), India's central bank, has taken action against Edelweiss Asset Reconstruction Company (EARCL) and its...
RBI meets heads of ARCs amid reports of use of unfair recovery methods
The Reserve Bank of India (RBI) held a meeting with heads of Asset Reconstruction Companies (ARCs) following concerns about their...
Absence of vibrant market for stressed assets an impediment for successful resolution plan: RBI governor
The absence of a vibrant market for stressed assets in the country is one of the major impediments for implementing...
RBI governor reaffirms primacy of financial creditors over operational creditors in IBC
RBI governor Shaktikanta Das has reaffirmed the primacy of financial creditor in the Insolvency and bankruptcy process. In his keynote...