The FRDI wants to grab the money of creditors and depositors above a limit, when banks or insurers are caught in a financial tsunami, for no fault of theirs
The lack of strong promoter bids may dilute the competitive process between the remaining resolution applicants and so, lower the recovery for lenders
We should expect many legal skirmishes and endless tinkering of the IBC rules in future
How can this situation be improved by pouring more capital, and that too through the easy option of financial trickery?
Incidentally, the report has been on the RBI website for over nine days now, but the media has somehow ignored its importance
Floaters are also applicable to educational loans, auto loans, and small SME loans
The Act allows for the creation of a massive bureaucracy and multiple levels of professionals who will all need certification
Will the RBI check what 'operating costs' are being loaded into MCLR calculations?
Remember, RBI is concerned with lending, since cutting rates has not pushed up economic activity
The RBI has been eager to help banks loot their customers for over a decade now
Default settings can be used to improve social behaviour such as saving more
In mid-June, the RBI wanted 12 select cases of bad loans be fast-tracked at NCLT
Sebi will find it hard to explain why it has acted against 12 entities and not against 43 others
The Indian financial sector and its regulation are heavily influenced by the West, especially the US
Modi and Amit Shah have a kind of energy and courage that we have never seen before