Traditional bankers face a challenge from Google's foray into Indian retail banking
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Google, a subsidiary of Alphabet Inc., already offers one of the country's two most popular payment wallets. However, Google Pay now...
- Sep 1, 2021
- 2 min
Code of conduct does not permit the CoC, the collection of dues during a moratorium from CD: IBBI
According to a set of code of conduct for the committee of creditors (CoC) established by the Insolvency and Bankruptcy Board of India...
- Aug 31, 2021
- 2 min
RBI imposes monetary penalty of ₹9.0 crore on five Payment System Operators
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹3 crore (Rupees three crore only) on Transaction Analysts (India) Pvt....
- Aug 31, 2021
- 1 min
Conference on Insolvency and Bankruptcy Code, 2016: “5 Years of Bankruptcy Code and Beyond”
Insolvency and Bankruptcy Board of India (IBBI) is organising a conference on Insolvency and Bankruptcy Code, 2016 "5 Years of Bankruptcy...
- Aug 31, 2021
- 1 min
Rather than only recovering debts, insolvency resolution plans should aim to maximise business value
An IBBI official said on Saturday that the goal of an insolvency resolution plan should be to maximise the value of the firm involved,...
- Aug 31, 2021
- 2 min
MCA files petition to the NCLT to attach Videocon Industries undisclosed assets to maximise recovery
The Ministry of Corporate Affairs (MCA) intends to seize money from Videocon Industries and disgorge it. The MCA has discovered assets...
- Aug 31, 2021
- 1 min
Axis Bank begins issuing debt securities under ₹35,000 crore-debt raise plan
Axis Bank, a private sector lender, revealed today that it has begun issuing debt instruments under a $35,000 crore debt-raising strategy...
- Aug 31, 2021
- 3 min
How RBI's digital currency matters, and why it won't be like Bitcoin
Come December and the Reserve Bank of India (RBI) could be rolling out a pilot for India’s very own digital currency, an innovation that...
- Aug 31, 2021
- 2 min
Promoter has refused to infuse funds, SpiceJet informs Delhi High Court
SpiceJet has informed the Delhi High Court that its promoter Ajay Singh has declined to infuse fresh funds in the debt-strapped airline....
- Aug 31, 2021
- 2 min
IBBI to ban appointment of commission agents
The insolvency regulator, Insolvency and Bankruptcy Board of India (IBBI), proposes to ban the appointment of commission agents for the...
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