RBI unlikely to challenge SC order, may revise circularThe central bank is unlikely to challenge the SC order.
Ongoing bankruptcy cases to remain unaffected despite rulingIt is unlikely to have major impact on cases which are ongoing in the normal course.
NCLT Sterling order may cheer lendersTribunal directing ED to release firm’s assets attached under PMLA may help creditors take legal route.
Bardhan, Sarkar win gold on bridge's debut at 18th Asian GamesThe 60-year-old Bardhan and his 56-year old partner finished the men's pair event with a score of 384 as they edged out China's Lixin Yang ...
NCLT approves Vedanta’s bid for ElectrosteelCompany becomes first on big initial defaulters list to have a resolution plan
Budget 2018: Govt exploring blockchain tech to usher in digital economy for allThe finance minister also singled out emerging technologies like artificial intelligence (AI), internet of things (IoT) and 3D printing, nu...
Banks to be forced to vote at other forums like in IBCA major highlight of the bankruptcy process is that lenders are not allowed to abstain from the meetings or voting process. If they do, the...
Family Finance: High surplus, goal-linked investment to help Guptas reach goalsLekhya and Sapan Gupta’s goals include saving for emergencies, child’s education and wedding, retirement, vacation and buying another house.
Banks don’t need to wait 90 days to start loan recoveryUnder Reserve Bank of India rules, a loan becomes non-performing if the interest or instalment of principal remains overdue for more than 9...
Bankruptcy Act a perfect recovery tool for banks: Sapan GuptaImplementation of the existing legal provisions is crucial to punishing errant promoters, who had defaulted on bank loans, said Gupta.
Budget cheers issuers/investors with concessional withholding taxInterest paid to a non-resident on foreign currency borrowing is subject to withholding tax.
SBI kick-starts merger operations, appoints external partiesPublic share holdings in SBBJ, SBT and SBM are in the range of 10-25%, while the parent bank fully owns the State Bank of Hyderabad and Sta...
Capital infusion to help banks clean balance sheets: Arundhati BhattacharyaOut of the total, State Bank of India will get Rs 7,575 crore, followed by Indian Overseas Bank (Rs 3,101 crore) and Punjab National Bank (...
Masala bonds might take off on back of HDFCIndia's largest mortgage lender HDFC opened subscription for its Masala Bonds on Tuesday to find four-five times over-subscription, said th...
Sapan Gupta of Bajaj Finserv to join Shardul Amarchand to head banking & financeGupta (37), chief legal officer at Bajaj Finance is joining Shardul Amarchand Mangaldas (SAM) as national head for banking and finance prac...
- I-T Department investigating Citibank fraud case
The income tax department is probing the source of deposits of 20 high net-worth customers affected by the 400 crore fraud at Citibank's Gu...
- Citibank fraud: I-T Dept likely to probe source of funds
The Income Tax Department may conduct a probe of its own into the Rs 400 crore fraud exposed at Citibank's Gurgaon branch to ascertain if b...