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08 Feb 2018

Rs 12,000-cr relief for salaried class, senior citizens in Budget 2018: Jaitley

He said that in the budget he tried to take care of every section and has given relief to middle class as well as senior citizens.

RBI governor Raghuram Rajan

03 Sep 2017

Slowdown of credit pre-dates banks drive against NPAs: Raghuram Rajan

Rajan describes how the Reserve Bank of India`s (RBI) repeated attempts to seek a resolution of stressed assets issue met with tepid response from bankers.

19 Aug 2017

Insolvency law aims at saving promoters not banishing them: Finance Minister

Addressing a CCI-summit on insolvency and bankruptcy here on Saturday, he said the law now sides more with the lenders, as the slew of changes in the existing laws is aimed at speeding up the NPA resolution.

16 Aug 2017

Home buyers who have deposited money with developers must get possession: Arun Jaitley

Expressing government's sympathy with the flat buyers, Finance Minister Arun Jaitley said that people who have deposited money with the developers should get possession of their flats.

10 Aug 2017

Bank NPAs register a significant growth during January-June: Survey

About 35 per cent reported tightening of credit standards for large enterprises during the first half of 2017 and about 40 percent expect further tightening in the next six months.

15 Feb 2017

'India knocking at rare club of fast, steady growth economies'

Indian economy is becoming more efficient through five broad themes -- fast and steady rate of growth, market reforms, expanding digital footprint, revival in rural growth and creation of modern infrastructure, says a report.

bankruptcy code

14 Feb 2017

Bankruptcy board invites public comments on draft regulations for voluntary liquidation

The Insolvency and Bankruptcy Board of India on Tuesday sought public comments on the draft regulations for voluntary liquidation.

IBBI Chairperson

22 Jan 2017

Bankruptcy Code to improve ease of doing biz: IBBI chief Sahoo

Providing the first possible avenue to resolve insolvency in a market-determined and time-bound manner, the Insolvency and Bankruptcy Code will help improve ease of doing business as well as develop the debt market, says IBBI Chairperson M S Sahoo.

bankruptcy code

21 Nov 2016

Bankruptcy Code can potentially free Rs 25,000 cr in NPAs in 5 years: Assocham

Proper implementation of the Insolvency and Bankruptcy Code, 2016 can potentially free about Rs 25,000 crore capital locked up as non-performing assets (NPAs), or bad loans, over the next four-five years, Assocham said on Monday.

31 Oct 2016

Will take on board GST, bankruptcy code in next report: World Bank

The World Bank will take on board implementation of the goods and services tax and enactment of the bankruptcy code while preparing the ease of doing business report next year, said its country Director Junaid Ahmad today.

Bankruptcy and Insolvency law

25 Oct 2016

Bankruptcy and Insolvency law likely to be operational by year end

Economic Affairs Secretary Shaktikanta Das on Tuesday expressed hope that the Bankruptcy and Insolvency law would become operational by the end of this year, leading to further ease of doing business.

Financial dicputes

24 Oct 2016

Draft bill on resolution of financial firm likely to face political obstacles

The draft bill on resolution of financial firms, which includes an option to bail-in senior creditors, is likely to face political obstacles and will require strong consensus for implementation, Fitch Ratings said today.

11 Oct 2016

Govt issues more draft norms under bankruptcy code

Government on Tuesday came out with another set of draft rules, including for liquidation of insolvent corporate persons, under the Insolvency and Bankruptcy Code.

23 Aug 2016

FM Jaitley orders ''immediate action'' towards implementation of Bankruptcy Code

Calling for time-bound implementation of the Insolvency and Bankruptcy Code (IBC) 2016, Finance Minister Arun Jaitley on Tuesday directed senior officials of his ministry to take "immediate action" on the key requirements of the legislation.

bankruptcy code

24 Jul 2016

Govt begins search for Bankruptcy Board chief

Government has started the search process for the chairperson and three whole-time members of the Insolvency and Bankruptcy Board as it moves towards the implementation of a new law to make debt recovery process more effective.

India Inc's business optimism

18 Jul 2016

India Inc's biz optimism for Jul-Sept touches 8-quarter high

India Inc's business optimism for the July-September period touched an eight quarter high driven by initiatives like the clearance of Bankruptcy Code and reforms in Foreign Direct Investment front, says a report.

20 May 2016

India's medium-term outlook to only improve further: HSBC

Medium-term growth prospect of the Indian economy is improving, and with the GST Bill likely to be passed later in the year, it will only improve further, says an HSBC report.

bankruptcy code

12 May 2016

Rajya Sabha clears Insolvency and Bankruptcy Bill

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bankruptcy code

11 May 2016

Government to take on defaulters as Rajya Sabha approves bankruptcy bill

The Rajya Sabha passed a new bankruptcy code on Wednesday, as the opposition swung behind measures to take tougher action against corporate defaulters and help banks recover over $120 billion in troubled loans.

08 May 2016

Bankruptcy Code positive financial sector reform: Nomura

The insolvency and bankruptcy code is a very positive financial sector reform, especially for the the banking sector, as it will give creditors a legal path for recovering their dues in a time-bound manner, says a Nomura report.

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