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Explained | Is income loss the major reason behind farmers' debts? indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.
SFBs mull transitioning into universal banks - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Twenty Years for Uday Kotak as CEO, and the Tailor-Made Exceptions That Allowed It The RBIâs decision on April 26, 2021 to curtail tenures of bank chief executive officers and executive directors may finally lead to Kotak relinquishing his post at the end of 2023. Uday Kotak, founder-CEO of Kotak Mahindra Bank poses for a picture at the company s corporate office in Mumbai. Credit: Reuters Business09/May/2021 Had the Reserve Bank of India (RBI) descended, like Moses, from Mount Sinai, perhaps it would have carried two sets of Commandments: one for ordinary mortals; and another, more relaxed, set for Uday Kotak, founder-CEO of Kotak Mahindra Bank. ....
Summary One of the key drivers of economic recovery in India will be the efficient movement of capital from inefficient firms to efficient ones. The economic downturn caused by the coronavirus pandemic has been severe, and India’s economy was one of the worst affected in 2020–2021. Though the economy is recovering faster than initial estimates, sustained economic recovery will not take place if stressed businesses cannot restructure their debts properly or if failing firms cannot be resolved efficiently. India’s bankruptcy law is key to solving these challenges. In 2016 India enacted the Insolvency and Bankruptcy Code, 2016 (IBC), which was a landmark reform to the nation’s financial system and the first comprehensive law to regulate insolvency. ....
States drag their feet on farm-loan waivers - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.