Falling rates to help; rise in group exposure limits will support large companies Indian Corp orates have hailed this move by RBI to cut the repo rate by 40 bps and to allow commercial banks to raise their group exposure limits from 25 percent to 30 percent. The two worst-hit Read more…
Section 35A may be invoked to let Control bank refer cases to IBC/Feb 12, 2018. what is section 35A. It empowers the Centre to authorize the RBI to issue directions to lending companies to intiate insolvency resolution process in respect of a default under provision of the IBC. This decision Read more…
A lack of claarity on the impact of supreme court order, quashing the RBI February,12 2018 circular it has delayed the state sale process of cash starved jet airways. Banks are awaiting approval from RBI on legality of debt-equity conversion at Rs 1. Earlier this week,Lenders consortium had announced that Read more…
Repo rate lowered by 25 bps trate o 6% to boost growth. 6 member MPC comittee of RBI voted 4-2 to reduce the policy repo rate by 25 bps. According to credit suuse, while a rate cut was expected, two M?C members voted against it, it was negative for the Read more…
The root cause of NPA is the delayed cash flow.It is a fundamental flaw. Cash flow is delayed from Indian Government agencies most of the time Take the example of IT companies, which complain of delayed payment from Govt. agencies.Due to dwindling Export business , they are looking for Govt. Read more…