Banks may need capital for provisions
Bankers say that the RBI may have to tweak rules that demand provisioning if the existing promoters are retained after a loan restructuring. They say the existing promoters have the best chance of keeping the business going instead of going for a new one who would find it difficult to run a medium-sized firm.
MHA dilutes provision on use of Aarogya Setu app
On May 24, MHA revised guidelines dropped the provision. However, the use of app will be “ma...
Private banks increase provisions, but will it be enough?
Private banks have increased its provision coverage ratio (PCR) in the quarter ende...
How coronavirus may cause legal wrangles
Unlike few nations where the term is coded in civil laws, the Indian Contract Act is silent on 'force majeure'.
RBI clears fog on special provisioning
An SMA2 loan which has been given moratorium and is not serviced by the borrower becomes an NPA by March 30. Such a loan will attract a total provisioning of 10% — of which 5% will be as of March-end and another 5% at the close of the June quarter.
Investors send legal notice to Franklin demanding refund
Delhi-based investors allege mismanagement in 6 wound-up schemes; AMC denies wrongdoing
Legal fraternity speculates on a woman CJI in future
The Supreme Court has two vacancies and with Justices R Banumathi and Arun Mishra set to retire in July and September, respectively, there will be four vacancies.
Govt to bring Ordinance to amend companies law to decriminalise various provisions
Sitharaman, who is also the corporate affairs minister, said violations involving minor technical and procedural defaults, including shortcoming in CSR reporting, inadequacies in board report, filing defaults and delay in holding AGM, would be decriminalised.
Out of legal options, Vijay Mallya may seek asylum in UK
The beleaguered businessman's team of lawyers had been working on the asylum route as a last resort.
Railway to start provision for waiting lists as special trains ply across states
New Delhi: The Indian Railways is likely to begin operating more trains as it prepares to meet the growing demand from passengers to travel ...
Franklin Templeton appoints legal counsel to maximise recovery in Essel Infra bonds
As the process of winding up the schemes is on, investors cannot transact in any of these schemes.
View: Covid - Is not China legally accountable to the world?
If China had been truthful and transparent , the foreign countries would have immediately taken the emergency measures which are so crucial in the early stages to arrest the spread of the virus.
Trending stocks: RBL Bank down 1% as provisions increase
Shares of RBL Bank Ltd. traded 0.58 per cent down in trade at 09:28AM on Friday .
RBL Bank Q4 results: Profit halves as provisions increase
Total provisions for NPAs increased to Rs 614 crore from Rs 200 crore a year ago.
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