The proposed two-tier ARC, AMC framework, ostensibly created with public structure and private sector in mind for the respective entities, may create more problems than they serve

The Ministry of Civil Aviation (MoCA) and DGCA mentioned their stance to the National Company Law Tribunal (NCLT), which had on February 25 sought their responses to Jet Airways' slots issue

Banks' ability to transform themselves with speed and agility to survive the next revolution will determine the winners and losers

The top court did not extend the benefit of moratorium on judicial proceedings in cheque bounce cases to directors or signatories of cheques of such firms, saying criminal cases would continue against \"natural persons\"

In November 2019, the Reserve Bank had referred DHFL, the third-largest pure-play mortgage lender, to the National Company Law Tribunal (NCLT) for insolvency proceedings

The administrator of the company received an initial report from the professional agency appointed as the transaction auditor indicating that there are certain transactions which are undervalued, fraudulent and preferential in nature, DHFL said in a regulatory filing

Debt-ridden DHFL's Committee of Creditors (CoC) had in January approved the resolution plan submitted by Piramal Capital for the company.

Crisis-ridden DHFL said during this quarter, additional transaction amounting to Rs 1,039.84 crore has been identified and reported by the company to stock exchanges and National Housing Bank (NHB)

India needs to collect and declare credible data on stressed assets, identify sectors and companies where these are accumulated and be transparent in insolvency resolution before jumping to a new mechanism

Kotak Investment Advisors (KIAL) had announced a fund raise of $1 billion in August 2019, anchored by a $500 million commitment from Abu Dhabi Investment Authority

RBI's database, reports and other evidence show India is credit surplus; large industrial houses have high debt stress, and that easy credit poses serious macro-financial risks to the economy

At 21% recovery, IBC has performed worse than UPA-era debt recovery mechanisms panned for inefficiencies. The idea of a bad bank is also likely to fail if political interference and poor bank governance continue

Move to set up an ARC/AMC as a proxy for bad bank and a Development Financial Institution is aimed at taking the load of risky assets from banks. It is easier said than done

Budget 2021 news: Currently, the banks have gross NPAs of around 7 per cent which is expected to rise to 15 per cent by September this year if the situation deteriorates

As many businesses in the travel industry continue to bear the brunt, there are high expectations of interest-free financial support for at least two years to help combat the cash-negative books

The continuation of forbearance policies has unintended and detrimental consequences for banks, companies and the economy, the Survey said

Billionaire Ajay Piramal's Piramal Group has emerged as the preferred bidder for debt-laden mortgage lender DHFL

Misdirected stimulus that relies heavily on liquidity infusion when demand is depressed and incentivising loan defaults by routinely writing off NPAs threaten financial stability and economic recovery

India's crude oil imports in December soared to the highest levels in nearly three years to more than 5 million barrels per day; The Supreme Court has dismissed the homebuyers' plea against the threshold introduced in the Insolvency and Bankruptcy Code (IBC); Joe Biden, in his maiden address to the nation soon after being sworn in as the 46th President of the United States, would deliver a forward-looking speech built around the theme of unity. Watch this and more on News Blast.Also Read: US President Joe Biden to extend COVID-19 travel restrictions to Europe

India's oil imports reach 3-year high in Dec 2020 at 5 million bpd India's crude oil imports in December soared to the highest levels in nearly three years to more than 5 million barrels per day (bpd) as its refiners cranked up output to meet a rebound in fuel demand, data from trade sources showed. India's year-end rush for crude supplies coincided with stronger demand from north Asian buyers during winter, boosting prices and an accelerating de-stocking of floating storage globally. SC ...