Search For "ibc"
IBC, RERA pitted against each other; need reconciliation: ASSOCHAM
Updated : 7 years, 10 months ago IST
New Delhi [India], Apr. 22 (ANI): The two laws enacted in 2016 may have the best of intentions, but the Insolvency and Bankruptcy Code (Code) and the Real Estate (Regulation and Development) Act appear to be pitted against each other when it comes to resolving interest of bankers and home-bu
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Twin balance sheet problem nearing resolution: ASSOCHAM
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 15 (ANI): The long-pending problem of twin balance sheets of banks and highly leveraged corporate firms is likely to be resolved reasonably in the forthcoming quarters, the ASSOCHAM said on Sunday.
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Individual borrowers to be brought under Insolvency code
Updated : 7 years, 11 months ago IST
New Delhi [India], Apr. 4 (ANI): Ministry of Corporate Affairs Secretary Injeti Srinivas on Wednesday noted that individual borrowers would be brought under the ambit of the Insolvency and Bankruptcy Code, 2016 (IBC) in due time.
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ICICI examines pending insolvency cases in Board meeting
Updated : 7 years, 11 months ago IST
Mumbai (Maharashtra) [India], Apr. 2 (ANI): In its first board meeting after a controversy erupted involving Chanda Kochhar and the Videocon Group, leading private lender ICICI Bank examined insolvency cases pending before the National Company Law Tribunal (NCLT) under the Insolvency and Ban
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Digital education firm Educomp Solutions on road to revival
Updated : 7 years, 11 months ago IST
New Delhi [India], April 2 (ANI): Pioneering digital education company Educomp Solutions, which had filed for insolvency in May 2017, is reportedly now well on its way to revival with the help of the new Insolvency and Bankruptcy Code (IBC).
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Cabinet gives ex-post facto approval for IBC amendments
Updated : 8 years, 1 month ago IST
New Delhi [India] February 8 (ANI): The Union Cabinet chaired by Prime Minister Narendra Modi gave its ex-post facto approval for the amendments that were made in the Insolvency and Bankruptcy Code (IBC).
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Govt. committed to growth, development: Bibek Debroy
Updated : 8 years, 1 month ago IST
New Delhi [India], Jan. 29 (ANI): The Chairman of the Economic Advisory Council Dr. Bibek Debroy said on Monday that the Economic Survey reflects the government's commitment to both growth and development.
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IBC mechanism being used to resolve NPA Problem: Economic Survey
Updated : 8 years, 1 month ago IST
New Delhi [India], January 29 (ANI): The International Bank of Commerce (IBC) mechanism is being used to resolve the Non-Performing Asset (NPA) problem in the country, as per the Economic Survey 2017-18.
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India moved from crony socialism to stigmatised capitalism: CEA Subramania
Updated : 8 years, 1 month ago IST
New Delhi [India], Jan 29 (ANI): Chief Economic Adviser Arvind Subramanian on Monday said that in the last 50 to 60 years, India has moved from "crony socialism to stigmatised capitalism."
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Gross NPAs to reach Rs. 9, 50,000Cr by March '18
Updated : 8 years, 1 month ago IST
New Delhi [India], Jan 23 (ANI): With the Indian banking sector currently under stress, gross NPAs are expected to rise from Rs. 8 lakh crore to Rs. 9.5 lakh crore by March this year, an ASSOCHAM-Crisil study noted.
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FICCI recommends tax rate cuts for individuals, businesses to spur demand
Updated : 8 years, 3 months ago IST
New Delhi [India], Dec 6 (ANI): Flagging off pre-budget expectations in lieu of the Union Budget 2018-19, the Federation of Indian Chambers of Commerce and Industry (FICCI) on Wednesday stressed on the need for tax rate cuts across the board for individuals and businesses to spur domestic in
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Surge in credit provisions to adversely affect PSBs' profitability
Updated : 8 years, 3 months ago IST
New Delhi [India], Nov 27 (ANI): Credit rating body ICRA in its report released on Monday estimated the gross non-performing assets (GNPA)s of Rs. 8.8 to 9.0 trillion (10.0-10.2 percent) to peak out by end of FY 2018, as against GNPAs of 9.5 percent (Rs. 7.65 trillion) as on March 31, 2017.
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