Proposed resolution plans must either bring value to the enterprise or a meaningful recovery for creditors, says Rajnish Kumar, chairman of State Bank of India, the country's largest lender.
The disproportionate concentration of bad loans in the government owned banking system has a major role to play in the crisis that India is presently facing.
The bank has asked the EC for details of parties eligible to receive funds. Finance ministry announces first issue of the scheme will be open from 1-10 March.
Narendra Modi’s silence on the constitutional meltdown is a message in itself.
Isha Ambani, the current director of Reliance Retail Ventures Ltd., is expected to be announced as the chair as early as Wednesday.
These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.
Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.