According to Credit Suisse the NCLT has admitted 700 cases compared to 2,200 cases that have been referred to it.
US investors are not confident about an insider succeeding Kochhar.
Acquisitions and capital spending financed by debt will cause the debt levels of Moody’s-rated companies to rise by 5% in fiscal 2019.
Interim FM Piyush Goyal announced the bad bank while replying to questions on how the government plans to deal with rising bad loans.
Aggregate debt to EBITDA may decline to 2.4 times in FY19 from 2.5 times a year earlier.
Banks’ funding to NBFCs increased 27% during FY2018, while the banking system credit growth remained muted at 8% for the period.
Uday Kotak’s salary has increased 11.02% to Rs 2.92 crore in the fiscal year ended March 2018, from Rs 2.63 crore in the year ended March 2017.
Uday Kotak doesn’t seem to be convinced that the worst is over.
In a notice to the stock exchanges, the company confirmed that ICICI Bank filed an application in the NCLT under the Insolvency and Bankruptcy Code (IBC).
The bank further said that it is on course to double its customer base to 16 million by September this year.
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