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SBI Life Insurance Company Limited Approves the Appointment of Ashwini Kumar Tewari as A Non-Executive, Nominee Director

The Board of Directors of the SBI Life Insurance Company Limited has approved the appointment of Mr. Ashwini Kumar Tewari as a Non-Executive, Nominee Director of the Company with immediate effect.

Bankruptcy: Insolvency resolution proceedings: Missed timelines, manpower crunch pose challenges

Stressed asset resolutions under the Insolvency and Bankruptcy Code faced delays due to staff shortages at the National Company Law Tribunal (NCLT) and appellate tribunal. Aviation players, including Go First, sought insolvency protection with limited success. By September, creditors had realized Rs 3.16 lakh crore through IBC resolutions since 2016.

'DFS played a crucial role in improving bank asset quality in 2023'

Mint Explainer: The big fuss about RBI's AIF circular

The central bank’s latest diktat is an example of collaboration between markets regulator Sebi and RBI

Wilful default: RBI to tweak rules to give lenders flexibility in handling cases

The Reserve Bank of India (RBI) is considering making in-person hearings with borrowers mandatory for lenders dealing with potential wilful defaulters, in an effort to increase chances of recovery at an early stage.