Aug 09, 2016 at 20:10 | Source: PTI
The Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, will not, however, apply to loans for agricultural land as well as student loans.
Aug 01, 2016 at 19:48 | Source: PTI
Finance Minister Arun Jaitley ruled out any waiver in the event of education loan defaults, saying "some compassion" has to be shown if someone is unemployed and till he gets a job, but the loan cannot be written off.
Jul 31, 2016 at 15:39 | Source: PTI
Introduced in the Lok Sabha in May, the bill seeks to amend four legislations -- Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act, 2002, the Recovery of Debts due to Banks and Financial Institutions Act, 1993, the Indian Stamp Act, 1899 and the Depositories Act, 1996.
May 13, 2016 at 20:08 | Source: PTI
Lenders to the grounded Kingfisher Airlines on May 13 started the process to take physical possession of Kingfisher Villa, which was pledged by beleagueredbusinessman Vijay Mallya to the bankers as collateral for over Rs 7,800-crore loan
May 09, 2016 at 19:49 | Source: CNBC-TV18
Is the Insolvency and Bankruptcy Bill the nirvana which banks in India have been waiting for? Not in the next two years is the short answer, and may be not even be in the long-term unless there is an unprecedented zeal to implement it, says CNBC-TV18's Latha Venkatesh.
May 06, 2016 at 09:01 | Source: CNBC-TV18
On paper, the Bankruptcy Code is an earth-shattering law. Let's hope it will be implemented that way.
Apr 26, 2016 at 14:01 | Source: CNBC-TV18
Government amendments in these two acts will improve the recovery climate in the country, says HR Khan, Deputy Governor of The Reserve Bank of India.
Apr 22, 2016 at 22:27 | Source: CNBC-TV18
The finance ministry has already floated the cabinet note for these bills for inter-ministerial consultation. And CNBC-TV18 learns that the law ministry has begun examining the proposed amendments.
Apr 19, 2016 at 12:48 | Source: CNBC-TV18
Compared to the rest of the world we are growing much faster, in fact the fastest, said Finance Minister, Arun Jaitley.
Mar 16, 2016 at 17:08 | Source: PTI
The finance ministry has conveneda meeting of senior bankers of public lenders dealing withlarge loan defaults next week as part of an exercise to cleanup balance sheet of banks.