FINANCIAL RESOLUTION AND DEPOSIT INSURANCE BILL
Need rules for non-disruptive exit in financial sector: Uday Kotak
The comments come at a time when the companies in the sector like DHFL are grappling with resolutions and the future of thousands of crore of debt is in doubt. It also comes at a time when cooperative lender PMC Bank is in troubles allegedly because of mismanagement, putting depositors in a difficulty.
Online dispute resolution is beginning to find takers in India
Online dispute resolution is finding takers in India as an easier, cost-effect...
How to maximise benefits of savings bank account
The savings bank account is typically used to deposit money in a safe place and it has many ...
RS passes International Financial Services Bill
The Upper House passed International Financial Services Authority Bill, 2019 which will set up a unified regulator for international financial services combining powers and functions of RBI, SEBI, IRDAI and PFRDA, says Department of Economic Affairs secretary Atanu Chakraborty.
Budget 2020: Tax settlement scheme not open to launderers
The scheme won't cover cases related to overseas assets, or prosecutions under PMLA, benami or I-T Act.
Money & Relationships: 5 financial steps parents need to take when a child turns 18
When your child turns 18, it is important to guide and help him/her in financial responsibilities. Here’s how to apprise your child of his financial rights and the steps you need to take to ensure a smooth transition to adulthood.
Finance Ministry to showcase achievements of financial inclusion at Republic Day parade
Besides DFS, Department for Promotion of Industry and Internal Trade, Department of Drinking Water and Sanitation, NDRF Ministry of Home Affairs, CPWD Ministry of Housing and Urban Affairs, and Ministry of Shipping will also participate in the Republic Day parade, according to a Defence Ministry release.
What changed for D-Street while you were sleeping
Net-net, foreign portfolio investors (FPIs) were sellers of domestic stocks to the tune of Rs 49 crore on Wednesday, data available with NSE suggested.
DHFL: Resolution professional discusses plan with lenders
On December 4, the administrator in a public announcement had asked all its creditors including fixed depositors to file their claims by December 17. As per the latest available data, the company received Rs 86,892.30 crore from financial creditors including lenders, bondholders and Nabard among others.
Eyeing top 50: Insolvency resolution, cross-border trade, contracts in focus
States might be facing a revenue gap of up to Rs 1.23 lakh crore after withdrawal of GST compensation.
How to deal with your biggest financial fears
If you have no investing expertise or have suffered losses and are afraid you will do so again, the best option is to not invest directly through stocks, but via mutual funds. Find out how to conquer your fears and secure your finances
View: It's time to revise the limit of deposit insurance cover
The coverage limit is required to be reviewed periodically, as the economic and financial landscape changes.
Sachin Bansal buys DHFL General Insurance
Flipkart co-founder Sachin Bansal’s bet on the insurance firm is part of his broader ambition in financial services industry.
Terms set for DHFL liquidation after big loss
India’s bankruptcy courts attempt to resolve its first shadow bank insolvency.
IL&FS 'test case' for group resolution: Uday Kotak
Addressing the 32nd AGM of the group, Kotak said the absence of requisite legal framework for group resolution under Insolvency and Bankruptcy Code (IBC) required the new board to propose the 'first-of-its-kind" resolution framework that balanced interest of stakeholders across classes and levels, while keeping broad principles of corporate finance in mind.
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