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.
The ED’s case is based on an FIR against Omkar Realtors' heads for cheating and diversion of Yes Bank loan funds of Rs 410 crore, which were taken for a redevelopment project.
India urgently needs a range of entities to solve for the vast diversity in its credit intermediation requirements, including in infrastructure financing.
After the illegal detention of Prema Wangjom Thongdok at Shanghai airport, China once again fell back on a deliberate playbook it has used for decades.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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