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NBFCs Are No Longer Shadow Banks
New norms are in place to strengthen regulations for this set of lenders which has been playing a critical role in Asia's third largest economy, notes Tamal Bandyopadhyay. Illustration: Dominic......
RBI initiates insolvency proceedings against Reliance Capital
The RBI on Thursday filed an application for initiation of Corporate Insolvency Resolution Process (CIRP) against debt-ridden Reliance Capital at the Mumbai bench of the National Company Law......
RBI supersedes board of Reliance Capital; appoints administrator
The Reserve Bank on Monday superseded the board of Anil Ambani promoted Reliance Capital Ltd (RCL) and will shortly initiate bankruptcy proceedings against the debt-ridden NBFC in view of payment......
Can This Banker Get Srei Back To Business?
A lot depends on how Srei shapes up under the new administrator and his team, which is critical for investors' interest.Manojit Saha reports. IMAGE: Rajneesh Sharma, administrator for the Srei......
'We didn't expect such retaliation by bankers'
'We went to the NCLT to facilitate payment and in our wildest dreams we had not imagined that this would result in such a severe action.' Photograph: PTI Photo A day after the RBI superseded the......
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