Former RBI governor D. Subbarao made a strong case for setting up a bad bank, saying it is “not just necessary but unavoidable” in the present circumstances when NPAs are likely to balloon...

The moratorium on loans to businesses and retail borrowers in financial stress after the outbreak of the pandemic draws to a close by the end of the month. With still no indication of when the crisis ...

The last worldwide economic crisis in 2008 was supposed to have been triggered by the free-wheeling liberalisation of rules and regulations governing American banks and financial institutions by Alan ...

Dalmia Bharat plans to punch holes in the judgment delivered by the company appellate tribunal validating a rival bid for bankrupt Binani Cement by litigating at least on four counts when the Supreme ...

The Union cabinet has approved a major overhaul of the Insolvency & Bankruptcy Code, 2016, by proposing to amend as many as 12 sections and inducting a new one, encompassing several crucial subjec...

The Union cabinet has approved an amendment in the Insolvency and Bankruptcy Code (IBC) that restores the “waterfall mechanism” which determines the order of precedence while paying out the dues o...

Lenders to bankrupt steel maker Adhunik Metaliks have sought permission from the National Company Law Tribunal to negotiate with the second highest bidder, Maharashtra Seamless.Citing default in payme...

The latest burst of amendments to India’s three-year-old bankruptcy law appears to have opened an escape hatch to allow more bidders to participate in the revival of stressed assets by restricting t...

ICICI Bank, the lead lender to troubled bulk tea producer McLeod Russel India Ltd (MRIL), has appointed SBI Capital Markets to carry out a comprehensive restructuring of McLeod’s debt .SBI Caps is m...