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Srei will focus solely on financing purchases & leasing of equipment. Govt should fund infrastructure as India is a socialist economy, it says.
Risk of economic stagnation combined with high inflation has risen, though former remains the dominant force. RBI shouldn’t get nervous and worsen it.
Bankruptcy law is set up for non-financial firms. Using it to put a financier like Dewan out of its misery has some advantages but many shortcomings.
S&P said if an Indian bank got into trouble, the contagion could spread to other banks “perceived to be struggling” with the same problems as failing banks.
Raj Thackeray & Unmesh Joshi jointly bid for assets in a company called Kohinoor CTNL, after creating a consortium but later the MNS chief quit.
In her first Budget, Nirmala Sitharaman nudges state-run banks to purchase assets of non-banking finance firms to help tide over liquidity crisis.
Dewan Housing has about Rs 800 billion of obligations and will submit the resolution plan on 10 July to a consortium of lenders led by state-run UBI.
The best of the day’s opinion, chosen and curated by ThePrint’s top editors.
Modi govt is working on overhauling India’s corporate governance system after a series of frauds in its first term.
The IL&FS crisis laid bare the problems facing India’s bond markets. Now, there is a need to build deep and liquid markets via regulatory reform.