Search For "bankruptcy"
RBI advises banks to allocate higher provisioning for 12 stressed accounts
Updated : 8 years, 6 months ago IST
New Delhi [India], June 27 (ANI): The Reserve Bank of India (RBI) on Tuesday issued an advisory letter to banks asking them to incorporate additional provisioning on the 12 loan accounts to be referred to the NCLT (National Company Law Tribunal) under the Insolvency and Bankruptcy Code (IBC)
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IBBI notifies fast track Insolvency Resolution Process for Corporate Perso
Updated : 8 years, 6 months ago IST
New Delhi [India], June 16 (ANI): The Insolvency and Bankruptcy Board of India (IBBI) on Friday notified the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017.
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China promoted OBOR is a debt instrument only, claim European experts
Updated : 8 years, 6 months ago IST
Brussels (Belgium) [Europe], June 12 (ANI): European economists and experts have concluded that the China-promoted One Belt and Road (OBOR) initiative is nothing else but a debt instrument that can and will drive several nations, including Pakistan towards bankruptcy.
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Centre notifies new Banking Regulation Act
Updated : 8 years, 6 months ago IST
New Delhi [India], May 5 (ANI): The Narendra Modi-led government on Friday notified the ordinance to amend the Banking Regulation Act, empowering the Reserve Bank of India (RBI) and banks to initiate bankruptcy proceedings against chronic defaulters.
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So, how do financial criminals evade laws?
Updated : 8 years, 6 months ago IST
Washington D.C. [USA], Mar. 13 (ANI): Despite preventative measures against bankruptcy fraud and money laundering, criminals are finding ways to exploit differing regulations in the United States and Europe.
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Insolvency, Bankruptcy Board invites comments from public for Liquidation
Updated : 8 years, 6 months ago IST
New Delhi [India], Feb 15 (ANI): The Ministry of Corporate Affairs on Wednesday announced the set-up of four working groups to facilitate implementation of the Insolvency and Bankruptcy Code, 2016.
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GST, demonetisation to have far reaching impact, says RBI governor
Updated : 8 years, 6 months ago IST
New Delhi [India], Jan 1 (ANI): The Reserve Bank of India (RBI) governor Urjit Patel has said that the nationwide Goods and Services Tax (GST) and legislation of bankruptcy code should impart resilience to the economy.
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Chidambaram's argument shows total bankruptcy of Congress thinking: B
Updated : 8 years, 6 months ago IST
Kolkata (West Bengal) [India], Dec. 20 (ANI): The Bharatiya Janata Party (BJP) on Tuesday alleged former finance minister P. Chidambaram's assertion that the Reserve Bank of India (RBI) keeps making new rules on deposits post demonetisation and Finance Minister Arun Jaitley contradicts
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Insolvency, Bankruptcy Code may help unlock NPAs worth Rs. 25k crore over
Updated : 8 years, 6 months ago IST
New Delhi [India], Nov 21 (ANI): Effective implementation of the Insolvency and Bankruptcy Code, 2016 can potentially release about Rs. 25,000 crore capital currently locked up in non-performing assets (NPAs) over next four to five years, noted a recent ASSOCHAM-Crisil joint study.
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Mamata escalates attack on Modi Govt., says India witnessing "bankrup
Updated : 8 years, 6 months ago IST
New Delhi [India], Nov, 17 (ANI): Coming down heavily on the Centre for decreasing the withdrawal limit of cash from Rs. 4,500 to Rs, 2,000, West Bengal Chief Minister Mamata Banerjee on Thursday said the country is witnessing bankruptcy and urged the government to restore normalcy in the na
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World Bank to include GST, bankruptcy code in next report
Updated : 8 years, 6 months ago IST
New Delhi [India], Nov 1 (ANI): The World Bank in its latest 'Doing Business' 2017 report has suggested taking on board implementation of the Goods and Services Tax (GST) and enactment of the bankruptcy code.
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BRICS logo row: BJP questions mindset of Congress, AAP
Updated : 8 years, 6 months ago IST
New Delhi, Oct 14 (ANI): The Bharatiya Janata Party (BJP) on Friday questioned the mentality of the Congress and Aam Aadmi Party (AAP) for objecting to the BRICS Summit logo and said it shows political bankruptcy on their part.
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