Seeking ArcelorMittal be declared ineligible to bid for Essar Steel, the petition cited Section 29A of the Insolvency and Bankruptcy Code which bars promoters of defaulting companies from bidding for stressed assets.
'Some business families would probably have to revert to their core businesses, which the IBC will ensure.'
Bankers expect RBI to help them spur lending growth.
After months of denying there was a liquidity problem, Governor Raghuram Rajan has reversed course.
Pune saw the fastest growth in terms of number of super-rich people.
May touch 64/$ due to foreign flows slowing down
'What made him different was that he was not a banker at all by temperament.' 'He was a businessman, a typical lalaji at that.' 'He had to win at any cost.'
There is a dearth of talent in the Indian banking industry. A testimony to this is the two new CEOs in the private sector -- Sandeep Bakhshi in ICICI Bank Ltd and Amitabh Chaudhry in AXIS Bank Ltd -- have come from the insurance sector, says Tamal Bandyopadhyay.
Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.
Firms have to adhere to strict compliance requirements mandated by global parents
A revival in investment is likely to be a key near-term initiative.
The money was paid to Mallya in two tranches in his offshore accounts.
One of India Inc's top demands is the abolishing of the MAT.
Rupee, bonds may see knee-jerk reaction, as Urjit Patel is considered an inflation warrior
Dalhousie square has close to 55 historic landmarks.
While Raghuram Rajan has said in the past that other factors, including domestic fundamentals, outweigh the US Fed policy meet, this time it would be different
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
Modi has been relentless in building his brand regardless of banks having a problem of fraudulent and unauthorised transactions with his companies.
The Debt Recovery Tribunal (DRT) on Tuesday directed Diageo Plc not to disburse $40 million of the $75 million sweetheart deal to him.
After fighting inflation for more than two years, Reserve Bank of India (RBI) Governor Duvvuri Subbarao finally managed to bring it below the five per cent level - the tolerance level of the central bank - in FY14.
If GDP growth in Q2FY18 remains below 7%, the outlook for Samvat 2074 would remain uncertain at best, says Nitin Desai.
Analysts have started talking about at least a 25 bps cut immediately.
FDI inflows into India were $34 billion in 2014, up 22%.
The RBI cut rates for third time in 2015 due to favourable economic conditions.
25,600 cases of banking fraud totalling Rs 1.79 billion were reported up to December 2017. 'There is an inherent legacy when it comes to insuring crime.' 'Generally, most banks are uncomfortable in sharing data about employee fraud.'
In a filing to the Bombay Stock Exchange (BSE), USL said it had made a recommendation to the board of subsidiary United Spirits to consider the sale of the entire share capital of Whyte & Mackay.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
Havells will acquire the entire consumer business infrastructure, people and distribution network. Plus all intellectual property of the Lloyd brand, logo, trademark and attendant rights.
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
It is imperative to invest in real time marketing, even at double speed.
India plans to launch trading of government bond futures within the next two months as part of efforts to deepen its financial markets, according to several sources involved in the discussions with the central bank.
Why is an NRI banker with an MBA from MIT canvassing votes in Madurai?
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
Modi government has to come up with a robust economic agenda to impress the masses.
Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.
There it lay, a photograph on the desk under a stapler, and later a stamp pad, forgotten, done with, like its subject, a Mumbai Metro One employee who vanished overnight.
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