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FINANCIAL RESOLUTION AND DEPOSIT INSURANCE BILL
Indian financial system in Darwinian mode, only fittest lenders survive: Uday Kotak
Kotak said the financial system is in a Darwinian mode as only the fittest lenders are able to survive.
How to make the FRDI bill more effective
The new Act should consider keeping its ripple effects on other laws to the minimum.
New IBC rules to cover financial service providers
The corporate affairs ministry has notified the Insolvency and Bankruptcy Rules, 2019. It ...
Is IBC the best way to treat bankrupt financial institutions? Here are some clues
For financial firms the appearance of stability is important as customer behaviour could change quickly.
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.
Govt mulling special window for NBFCs under insolvency law
Persisting liquidity issues in the NBFC space as well as the financial woes of some groups in this sector have raised concerns about the health of the overall financial system. Troubles at Dewan Housing Finance Corporation Ltd (DHFL) and scam perpetrated at Punjab and Maharashtra Co-operative (PMC) Bank have added to the woes.
Finance firms’ bankruptcy: Fail, and pass the test
The collapse of IL&FS froze the credit markets and the contagion spread.
The unsafe vaults: With the financial system hit by defaults, is it time to resurrect an old law?
The govt dropped a law aimed at dealing with the blow-up of financial services cos due to a misplaced campaign that depositors’ money would be used to bail out failed banks, but now is it time to bring it back to fire up the economic engine.
Deposit insurance in India covers 92% of accounts, 28% of banking deposits: RBI
At the end of FY19, the number of registered insured banks stood at 2,098, comprising 157 commercial banks, and 1,941 cooperative banks.
Budget 2020: 20 tax-payer friendly ideas for the Finance Minister
ET Wealth reached out to financial services cos and taxpayers on what they want to see in this budget.
View: It’s downright dangerous to equate banks and NBFCs
This distinction is not just a matter of semantics, but a key pillar on which entire modern banking rests.
Proposed common netting law may help free up banks’ capital
A strong netting system generally gives rise to a thriving derivatives market.
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.
FM reviews state of economy at FSDC meeting
Finance Minister Nirmala Sitharaman on Thursday reviewed the state of economy including stress in the financial sector at the meeting of the Financial Stability and Development Council.
IBC can't resolve power sector crisis, but ARCs can: Secretary SC Garg
"Not every kind of industry or every kind of asset can be best reconstructed through the IBC," Garg told an event on ARCs organised by Assocham.
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