Repay Or Restructure – Choose Carefully
The biggest cost that a borrower of a restructured loan will pay, is that in case the restructuring is not in tandem/compatibility with the projected...
Tag : banks
Cabinet Decides To Bring Cooperative Banks Under RBI Supervision
There was a need to enhance the accountability of these banks which hold public money and are often riddled in controversies NEW DELHI| On Wednesday...
Several Banks Provide 3 Month Moratorium to Customers on Payment of EMIs
Leading banks such as Indian Overseas Bank, Indian Bank, UCO Bank, Canara Bank, Punjab & Sind Bank, Syndicate Bank, and the IDBI Bank informed their...
“Fight the Coronavirus first and later worry about stimulus” : Raghuram Rajan
The weakest since 2009, Bank of America Corp. economists warned clients on Thursday that they now expect 2.8% global growth this year New Delhi: The...
Nirmala Sitharaman says Indian Public Sector Banks saw “Worst Phase” Manmohan Singh-Raghuram Rajan era
Nirmala Sitharaman pointed out that the “Combination” of Dr Manmohan Singh and Raghuram Rajan made the banks endure their “Worst Phase”. New Delhi| Two days...
Big firms, big blatant violations
With global revenues of USD 41.2bn in 2018, PwC is the second-largest audit/accounting firm in the world, with a presence in almost 180 countries ...
Business Tit-Bits: From Privatisation to Disinvestment and Beyond
It is an undisputed fact that government owned enterprises ie. PSUs incur huge losses and bleed cash, resulting in a colossal waste of public funds....
Will the big ones also be jailed?
It looks that the Indian authorities and courts are finally realising the gravity of economic crimes, including those that cheat banks and are meting out...
Banks back to square one
by News Desk
At a time when India’s giant bad loan/NPA problem was continuously rising and was defying any resolution, the Insolvency and Bankruptcy Code, (IBC) was ushered...
Banks cannot be absolved of liability for unauthorised withdrawals: Kerala HC
Kochi | The Kerala High Court has said banks cannot be absolved of liability for unauthorised withdrawals from their customers’ accounts. Justice P B Suresh Kumar...