A case was filed against Chaudhuri in 2015 for allegedly seizing a Jaisalmer hotel property in a loan settlement case and selling it at a throwaway price through fraudulent means.
The Modi government should assure citizens that no part of the monetised revenue will be used to bail out NPAs or build white elephants to mollify vote banks.
According to bankers, total debt recast will be around Rs 3 lakh crore. Shapoorji Pallonji, Future groups among firms to receive nod for recast, but may ultimately not need it.
The rating agency says India, Mexico, and South Africa are among the banking systems that will be slower to recover to 2019 levels — likely beyond 2023.
The standard advantage of a bad bank is the entity taking a decision on sale price is different from the entity accepting that price, former RBI governor D Subbarao said.
Fear of probe agencies investigating bad loans left a deep scar on banking officials, raising their risk-averse nature to lending. RBI wants Kamath panel to take care of those fears.
Modi govt has promised 100% credit guarantee to banks and NBFCs to ensure credit flow to MSMEs. But bankers say revival of the economy is crucial to loan performance.
In Asia, gasoline margins have doubled to more than $33 a barrel since the end of March and have edged above those for diesel, which have eased from a peak in early May.
In February 2019, 72,400 SiG 716 rifles of 7.62 x 51mm calibre were contracted from SIG Sauer Inc, USA, under government's 'Buy (Global) category', through fast track procedure.
Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.