Various twists and turns by govt post-demonetisation prove that it has been tall order for the PM
RBI rule, applicable prospectively, also for non-group guarantors.
It will take over large non-performing assets of banks and help in revive companies ridden with bad debts.
On Wednesday, the collector had issued an order in favour of the 17-banks consortium led by SBI to take physical possession of the villa
Reserve Bank Governor Raghuram Rajan on Thursday said the central bank will continue its focus on taming inflation, speeding up resolution of distressed projects and ensuring enough capital for banks through balance sheet clean-up.
DCHL owes the bank about Rs 200 crore (Rs 2 billion).
The better performing states throw up more employment opportunities including at unskilled levels.
Several of his lenders have a lot to answer for.
Conversion of outstandings into equity even partially should be a strict no-no says Chatered Accountant S Murlidharan
The Nafed has outstanding dues of Rs 224.26 crore (Rs 2.24 billion) as of February 15.
Bad loans continue to originate mainly from state-owned banks, where the top management's responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu.
SBI to e-auction over 300 properties on March 14.
Sensitive cases like the validity of the scrapping of Article 370 of the Constitution, the Citizenship Act, and states challenging perceived assault on federalism were on the back burner. An analysis of the judgments delivered in the past months would show that it was acting more like a court of appeal rather than a Constitutional court, observes M J Antony.
Bankers have demanded several changes in the NPA laws including a minimum deposit of 25 per cent of the outstanding loan amount by the defaulter for contesting a bank's claim over its assets.
In a proposal to FinMin, the Banks Board Bureau suggests asset sales to PSUs within a deadline to recover bad loans.
The need to allow government shareholding in public sector banks to come down below 51 per cent
'If I close my housing loan, are there any investment avenues (the investment should provide liquidity) to save tax?'
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
Sell the property if bought for investment purpose.
Keki Mistry, vice chairman and CEO, HDFC tells Joydeep Ghosh and Chirag Madia that unlike some other players it never went for excesses and never took unreasonable risks.
The base price for the property was set at Rs 150 crore (Rs 1.5 billion).
'A strong foreign exchange reserve is the best safety net against global spillovers.'
Budget in the medium term aims to kick-start the investment cycle.
The government should now focus on governance and monitoring the supply side to manage inflation, says M V Subramanian.
There's a long way to go before human beings are replaced by machines -- in banks at least.
Public sector banks are inefficient, poorly governed and beset by largescale corruption.
Indian economy about to take-off
Experts hail Budget 2015 as a progressive, growth oriented one.
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