FINANCIAL RESOLUTION AND DEPOSIT INSURANCE BILL
Lok Sabha passes bill to set up unified body to regulate IFSCs
"... we are bringing several regulators together as one unit to the limited ex...
DHFL’s resolution plan may not appeal to lenders
According to lenders, conversion of debt to equity is a disguised haircut.
Marriage and divorce: Women's financial rights
Usually, women do not know their financial or legal rights or how to secure these either when they are married or while they are going through a divorce. This story tells them how to secure themselves financially and their rights during a divorce.
Market disinterest in NBFCs, HFCs & MFIs likely to continue: Kunj Bansal
‘They are gasping for liquidity as banks have not been giving moratorium to them’
Mega PSU bank mergers come into effect from April 1. 5 things a bank customer should know
You would have given your bank account numbers and IFSC codes for various financial transactions. Unless these accounts are seamlessly merged into the financial system of the anchor bank, you would be required to change the details of your bank account.
Customers deposits absolutely safe, bank in talks with investors, says RBI-appointed admin
The cash-starved private sector lender has come under the direct oversight of the Reserve Bank with the supersession of its board last Thursday and a moratorium has been placed till April 3, during which customers are now allowed to withdraw up to Rs 50,000.
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.
Financial coronavirus destroying economy of country: TMC MP
Participating in the discussion on the Finance Bill 2020 -21 in Rajya Sabha, Manas Ranjan Bhunia (TMC) said the budget has dashed the hopes of people of the country as they expected that the finance minister would come out with remedial measures to bring the economy out of the current crisis.
Indian control clause for insurance may go
The government has held several meetings with the insurance regulator, insurers and consultants on higher FDI in the sector. Many global insurers, such as Metlife and Generali, have not raised their stakes in Indian operations due to the clause that was introduced in 2015.
Softer rate regime to impact guaranteed-return products
“Yields were in excess of 5% for guaranteed products with maturity of 10-15 years. These products will now have to be redrawn and repriced,” said Sandeep Ghosh, financial sector advisory leader, EY.
Why is everyone scared of the Financial Resolution and Deposit Insurance Bill?
The bill purportedly allows failing banks to use depositors money to cut losses. A petition against it has already garnered over 70,000 signatures.
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.
DHFL jumps 5% ahead of creditors meeting on debt resolution
The Mumbai bench of the NCLT had admitted the company for insolvency resolution on December 2.
Family Finance: Government employee Kumar should focus on main money goals for now
The couple's goals include building an emergency corpus, buying a house, saving for their children’s education and weddings, and for their own retirement.
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