Let zombie firms linger on & banks stay crippled a little longer if it leads to deeper reform, so India can get away from broken financial system of the 1980s.
Finance Minister Nirmala Sitharaman says saving companies impacted by the pandemic was more important than facilitating recovery by creditors under the law.
The Delhi HC Thursday restrained Anil Ambani from selling or transferring his assets, and allowed insolvency proceedings against his telecom companies to continue.
Lessons from the 2008 Global Financial Crisis can help us avoid policy mistakes during the Covid-19 pandemic, especially with respect to inflation & bad loans.
The petition claims suspension of section 10 of IBC will push the companies towards liquidation, discourage entrepreneurship and defeat the objectives of the Code.
Once a buyer establishes default before a bankruptcy court, the onus is on builders’ to prove that the buyer does not wish to take possession of their house, Supreme Court said.
Despite growing passenger volume, 11 out of 14 carriers reported losses in 2023-24. IndiGo recorded profit of Rs 8,167 crore, which reduced to Rs 7.253 crore in 2024-25.
Dubai airshow crash & pilot death have rekindled concerns over pilot safety, and need for smarter automated systems that can step in when G-forces, temporary loss of consciousness hit the pilot.
None of Pakistan’s PMs has lasted 5 years. That the current PM has given Asim Munir 5 years shows that of all military dictatorships history has seen, Pakistan’s is most creative.
Agree. We need a system similar to the German model of many smaller landesbanken. Allocation of capital needs to be optimized. This will not happen with the current too big to fail public sector banks.
Before supporting Private banks, you must consider that they only focuses to serve upper class and making profits. While A public sector banker serves to each segment including lower class( which is a mass chunk of population) , plays important role in implementing govt welfare schemes for common man. I would like to please consider a suggestion.Visit a public sector bank branch where a few staff members are serving thousands of people with limited resources and work load of theirs is significantly more than any private sector banker.
The challenges they are facing in their profession and it’s impact on their personal lives,banking from their point of view.
I don’t understand u speak bad on psu bank….. Who are the actual defaulters.. Private corporate entities have defaulted not a single psu or government companies have defaulted…..
Take action against the defaulters.privatisation is not solution for anything. As long as corruption is erased nothing will going to happen.
Do you think ICICI bank and HDFC are financially strengthen. You take inputs from employees working there. It will be another Yes Bank like one day…. Wait and watch
What about private yes bank and PMC bank n ICICI bank frauds for personal mgt frauds….U all have need Pvt banks like big corporates like Mallaya , Nirav n chanda kocher husband…They did frauds n scams …But govt just raise issue during elections n shut ur mouth after it…These corporates funding govt parties ….Govt is so helpless these ..They can’t bring tuff banking defaulter Acts …It is of no use for govt…This govt has no pain fr customers
Agree. We need a system similar to the German model of many smaller landesbanken. Allocation of capital needs to be optimized. This will not happen with the current too big to fail public sector banks.
Since the author is not a victim of any private sector banks or of the PMC bank, he opined for publicity
Before supporting Private banks, you must consider that they only focuses to serve upper class and making profits. While A public sector banker serves to each segment including lower class( which is a mass chunk of population) , plays important role in implementing govt welfare schemes for common man. I would like to please consider a suggestion.Visit a public sector bank branch where a few staff members are serving thousands of people with limited resources and work load of theirs is significantly more than any private sector banker.
The challenges they are facing in their profession and it’s impact on their personal lives,banking from their point of view.
Instead of making a strong law for punishment against loan defaulters you are just blah blah blah
I don’t understand u speak bad on psu bank….. Who are the actual defaulters.. Private corporate entities have defaulted not a single psu or government companies have defaulted…..
Take action against the defaulters.privatisation is not solution for anything. As long as corruption is erased nothing will going to happen.
Do you think ICICI bank and HDFC are financially strengthen. You take inputs from employees working there. It will be another Yes Bank like one day…. Wait and watch
What about private yes bank and PMC bank n ICICI bank frauds for personal mgt frauds….U all have need Pvt banks like big corporates like Mallaya , Nirav n chanda kocher husband…They did frauds n scams …But govt just raise issue during elections n shut ur mouth after it…These corporates funding govt parties ….Govt is so helpless these ..They can’t bring tuff banking defaulter Acts …It is of no use for govt…This govt has no pain fr customers