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Sep 7, 20213 min read
RBI issues new directions on locker handling
In order to ensure prompt payment of locker rent, the Reserve Bank of India (RBI) has directed banks to obtain a term deposit, at the...
Sep 7, 20212 min read
The IBA has asked the RBI to exempt government accounts from the current account circular
The Indian Banks' Association (IBA) has asked the Reserve Bank of India (RBI) to exempt government accounts held with various banks from...
Sep 6, 20213 min read
IBBI proposes a number of changes, including the Creditors' Code of Conduct and the Swiss Challenge
The Insolvency and Bankruptcy Board of India (IBBI), a bankruptcy law regulator, has asked these questions to Should the members of the...
Sep 6, 20212 min read
IBBI must establish a system for auditing RPs' work and enforcing the RPs' Code of Conduct
The Insolvency and Bankruptcy Board of India’s (IBBI) proposed Code of Conduct for the creditors’ committee is fine, and in sync with...
Sep 4, 20212 min read
Supreme Court to Canara Bank: Go after big fish if concerned about NPAs
The Supreme Court remarked on Tuesday that instead of pursuing tiny loans of a few thousand rupees, public sector banks should...
Sep 4, 20212 min read
IBC is not a cure for all ills, needs holistic assessment: M.S. Sahoo
Companies rescued under the Insolvency and Bankruptcy Code till June had assets valued at about 22 per cent of the amount due to the...
Sep 3, 20211 min read
IBBI (Online Delivery of Edu. Course & Continuing Professional Edu. by IPAs & RVOs) Guidelines, 2020
Insolvency and Bankruptcy Board of India (IBBI) notified today the Amendment to the Insolvency and Bankruptcy (Online Delivery of...
Sep 3, 20212 min read
Factoring Regulations, a boost to cash-starved MSMEs
The Factoring Regulation (Amendment) Act, 2021, which has widened the scope of the entities that can engage in the factoring business,...
Sep 3, 20213 min read
A bankruptcy regulator is attempting to correct faults in the liquidation process
Almost every third firm admitted for resolution has faced liquidation in the five years after India's bankruptcy legislation went into...
Sep 3, 20214 min read
What the IBC needs to improve
Despite the fact that the Insolvency and Bankruptcy Code (IBC) has done a lot to punish promoters and assist lenders in recovering their...
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