President Pranab Mukherjee on Monday addressed the first joint sitting of Parliament as mandatorily required under the Constitution after the general elections. The address is the political,......
The RBI panel has also recommended a government-sponsored ‘fund of funds’ of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector. A......
Banks given 180-day time for NPA resolution, matter to be referred to Insolvency Board within 15 days. The Reserve Bank of India on Monday precluded chances of banks reporting divergent......
The Budget kept away from mood dampeners such as an increase in taxes (capital gain taxes) and even the much-feared introduction of Covid cess and wealth taxes, says Nimesh Kampani, chairman, JM......
The new circular provides for a framework for early recognition, reporting and time-bound resolution of bad loans. Illustration: Dominic Xavier/Rediff.com The Reserve Bank on Friday issued a new......
So far, among the IBC cases, SBI has been able to recover Rs 8,500 crore from Tata Steel’s acquisition of Bhushan Steel. Another Rs 1,500 crore is in an escrow account on account of......