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Dec 15, 20202 min read
RBI eases conditions on current account running in other banks
The Reserve Bank of India (RBI) has exempted some services from the restrictions on opening/ running current accounts without much...
Dec 15, 20201 min read
IBBI to host a webinar on "Importance of maintaining Ethical Standards for Insolvency Professionals"
The Insolvency and Bankruptcy Board of India, in association with the British High Commission, is organising a Webinar on “Importance of...
Dec 14, 20201 min read
Borrowers need not submit specific resolution plan for invoking Resolution Framework: RBI
The Reserve Bank of India told the Supreme Court on 12 December 2020 that borrowers opting for resolution of COVID-related stressed loans...
Dec 14, 20202 min read
Foreign capital, remedy to India’s bad debt: says economist Abhijit Banerjee
There is a lot of discussion going on about whether private players should be allowed in the Indian banking sector or not? Nobel laureate...
Dec 13, 20202 min read
$10 trillion GDP in 10 years, India needs larger banks: K V Kamath
KV Kamath, the chairman of the New Development Bank, who has just completed his five-year tenure, says India needs large financial...
Dec 12, 20201 min read
Retail loans in stress, but not alarming, say experts
As the moratorium period ended in August 2020, banks are facing some cracks but these stresses are not alarming, said experts. However,...
Dec 12, 20201 min read
Battle for acquiring stressed assets under insolvency proceeding
A lot of bidders are battling to acquire the stressed industrial establishment lying under the insolvency resolution process. Not only...
Dec 11, 20201 min read
Funding infra and MSMEs need corporate backed banks
The Reserve Bank of India recently released a report by its internal working group that suggested the licensing policy of private banks...
Dec 11, 20201 min read
Banks to suspend 2600 current accounts on the direction of RBI
Banks have through a Reserve Bank of India Circular decided to suspend 2600 currents accounts, leading to an unexpected situation for...
Dec 10, 20202 min read
Videocon's Venugopal offers Rs. 31,289 crore for withdrawal of insolvency proceedings
Videocon’s Venugopal Dhoot says that they are planning to raise the money from consumer electronics, home appliances business, affordable...
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