Regulatory framework for compromise settlements, technical write-offs
The Reserve Bank of India (RBI) has proposed to issue a comprehensive regulatory framework governing compromise settlements and technical write-offs...
RBI
SME delinquencies will continue to rise despite RBI’s rate pause: Moody’s
Higher interest rates in India have increased repayment amounts and limited refinancing options for SME borrowers with LAP (loans secured...
Banks should not ‘earn’ interest on penalty levied on borrowers for non-compliance: RBI
In an important change in rules governing penal charges on loan accounts, the Reserve Bank of India (RBI) has said...
Supreme Court says borrowers must be heard before declaring them fraud
The Supreme Court of India in a very important verdict has said that the principles of natural justice demand that...
“Don’t shy away from liquidating ineffective companies”
An effective insolvency legislation should not shy away from liquidating ventures, M Rajeshwar Rao, deputy governor of Reserve Bank of...
Gross NPAs of banks have declined by Rs 1.33 lakh cr since March 2019: Government
Gross non-performing assets (NPAs) of scheduled commercial banks (SCBs) have declined from Rs. 9,33,779 crore (Gross NPAs ratio of 9.07%) as...
Committee of Creditor of Reliance Capital holds its first meeting
The first meeting of the Committee of Creditors of Reliance Capital was duly convened and conducted on Wednesday, January 5,...
Only 5% of mid and emerging cos opted for RBI’s restructuring facility: India Ratings
Have various government measures and faster demand recovery in the domestic market saved companies from much expected financial distress? Unexpectedly...
Customers accounting for 40% loans opted for moratorium, says RBI report
PSBs: Public Sector Banks, PVBs: Pvt Banks; FBs: Foreign Banks; SFBs: Small Finance Banks; UCBs: Urban Co-operative Banks; NBFCs: Non-banking...
Former RBI governor Raghuram Rajan criticises proposal allowing large corporates to own banks
The former Reserve Bank of India (RBI) governor Raghuram Rajan and former deputy governor Viral Acharya have questioned the RBI...