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CRILIC
LIC in active discussion with RBI for access to debt data via CRILC: Siddhartha Mohanty"The lack of access to CRILC tilts the balance negatively towards LIC as despite being the largest market participant, we are not present o...- Bad loan concerns have been proven to be overblown: SBIThe convergence between the government, the regulator and lending institutions has helped address problems upfront rather than postponing t...
- UCBs asked to report exposures above Rs 5 croreThe central bank has issued detailed guidelines for reporting such exposure by UCBs to the CRILC (Central Repository on Information on Larg...
- RBI asks UCBs to report large accounts data almost with immediate effectThe detailed guideline stipulate that the reporting frequency of the CRILC (Central Repository on Information on large Credits)– UCBs retur...
- Forensic auditors to now investigate Altico Cap’s booksBanks have to investigate an RFA and form an opinion on whether there’s fraud within a period of six months.
- The new Insolvency and Bankruptcy Code will make it impossible for Indian banks to lend with compassionBut a positive outcome of this step will be that there would be a level-playing field at the negotiating table between bankers and borrower...
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