Page 704 - Finance News

SC order on NPA circular: Govt, RBI will have to bring new rules, says Kant

Kant said such a move ensuring timely repayment and resolution of stressed assets is essential for long-term growth

SC order on RBI circular will be short-term positive for lenders: Analysts

Analysts at Bank of America Merill Lynch were sanguine on the changes

Paytm Payments Bank to offer risk-free insurance, MF products by June: MD

The Paytm Payments Bank has 4.4 crore savings bank accounts with a deposit of over Rs 400 crore

IL&FS lent Rs 175 cr to Siva Group at Hari Sankaran's behest: SFIO petition

The petition alleged that Sankaran favoured the group because of his proximity to C Sivasankaran.

India's crony capitalism claims another victim

RBI was doing good work in tackling bad loans to big business, but judges have decided it went too far. That's a serious blow

Confusion over resolution remains after SC sets aside RBI circular: Experts

Legal experts pointed out that only one aspect of the RBI's framework - to send all ailing companies to IBC - has been turned down

Wait for debt resolution likely to get longer for stressed power assets

The Supreme Court on Tuesday quashed the February 12, 2018 circular, and thereby denied all resolution process arising after it

RBI approves appointment of Madhavan Menon as part-time chairman of CSB

Menon is currently the chairman and managing director of Thomas Cook India

Economists call for at least 25 bps rate cut by RBI in April policy meet

Most of the economists suggested a rate cut of at least 25 bps in the RBI's monetary policy on April 4

SC order on RBI circular doesn't take away our right to go to NCLTs: Banks

Banks will continue with their resolution process and take defaulting companies to NCLTs, said bankers

SC order on RBI circular negative for banks, may defer debt resolution

Moody's also said the resolution of stressed loans impacted by the circular will be further delayed

RBI begins first monetary policy meet of FY19 amid rate cut hopes

The six-member Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will announce the resolution of the meeting at around noon on Thursday

SC verdict on RBI's Feb 12 circular to prolong resolution of stressed debt

RBI had asked lenders to execute a resolution plan for big stressed accounts by a 180-day deadline, failing which they were to file insolvency petitions against the companies in NCLT

RBI tightens NPA disclosure norms, asks banks to reveal bad loans

RBI's plan is to allow loss-making banks to go easy on their disclosure.

RBI to cut rates again before polls; BJP win best for economy: Reuters poll

Inflation has remained below the RBI's 4% target for seven straight months

RBI monetary policy: Will another rate cut boost Modi's election campaign?

The economy needs to have grown just above 6% in the January-March quarter to meet the government's estimate of 7% expansion for the 2019 fiscal year that ended on March 31

RBI to introduce new seven-year and 20-year bonds on April 5

The total auction would be of Rs 17,000 crore in which five bonds of different tenure will be issued

File affidavit on RBI directive: HC to Kotak

A division bench of Justice A S Oka and Justice M S Sanklecha was hearing a petition filed by the bank

RBI to conduct second round of dollar-rupee swap auction on April 23

This comes shortly after the RBI said last month it will conduct a dollar-rupee buy-sell swap auction of $5 billion

NPA to improve by 180 bps to 8.5% in March 2020 on slower slippages: Crisil

This is slated to help the state-run lenders, who are expected to return to the black after four consecutive years of losses