India must create a modern resolution regime for financial institutions—one that provides clarity on creditor hierarchies, transparency in decision-making and legal certainty.
SEBI, SBI have raised several red flags over alleged fund diversion, questionable accounting and round-tripping by entities linked to the Reliance Group and its chairman.
ED probe stems from two CBI cases lodged in September 2022 against Rana Kapoor and Reliance Commercial Finance Limited and Reliance Home Finance Limited.
Kapoor did not take kindly to employees quitting the bank. Once anyone expressed their intention to move on, Kapoor would ask that person to leave immediately.
Dheeraj Wadhawan of Dewan Housing Finance Corporation Limited (DHFL) was denied bail after 2020 arrest in Yes Bank-related case, but spent only 9 out of last 24 months in jail.
SC terms police action 'dangerous' and 'short circuiting of judicial process', says police has done something that even the Company Law Tribunal has not.
India urgently needs a range of entities to solve for the vast diversity in its credit intermediation requirements, including in infrastructure financing.
‘Yes Man: The Untold Story of Rana Kapoor', written by Pavan C. Lall and published by HarperCollins, will be released on 30 January on ThePrint's e-venue 'SoftCover’.
With no govt-led resolution plan yet, crisis-ridden Lakshmi Vilas Bank could get institutional investor support to raise fund. LIC, Aditya Birla Sun Life Insurance, Indiabulls are among its investors.
Racism is a problem for privileged mainlanders only when it's meted out to them abroad. In their own backyard, it's normalised as 'I was just kidding. Chill yaar'.
The 7 February incident involving Tejas aircraft caused severe damage to its frame. IAF and HAL are working together as part of the Board of Inquiry (BoI) to probe the incident.
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