Committed to enhancing momentum of resolution of stressed assets, adherence to credit discipline, says Shaktikanta DasRBI will use all tools of infusing liquidity, including open market operations and forex swap, says the RBI governor
4 min read5 Apr 2019Government to exercise its majority shareholder rights to nudge public sector banks to push bankruptcy casesRBI to examine implications of the Supreme Court decision and come up with a considered response, which may take some time
2 min read4 Apr 2019Supreme Court setting aside RBI's 12 February circular gives banks a free hand to explore out-of-court settlements for defaulting firmsThe decision also opens up the possibility of less provisioning as banks can now drop the tag of NPA in the case of some borrowers
2 min read3 Apr 2019Supreme Court has held RBI's 12 February circular unconstitutional, simply because it went outside the remit of what the law allowed it to doThe good news, however, is that the quashing doesn’t mean the good work that has begun on bankruptcy resolution has been undone
2 min read3 Apr 2019India-focused distressed assets funds are likely to see higher deal activity in pre-NCLT casesThere will be greater room for manoeuvring, especially where there is limited or no buyer interest
2 min read3 Apr 2019Striking down of RBI's 12 February circular saves stressed power firms from immediate liquidation, lends flexibility to debt recastTalks for power sector bad loan resolutions outside of the NCLT would now have a better chance of succeeding
3 min read3 Apr 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared