Latest News for: Insolvent bank


Reliance Infrastructure gets relief as SBI and IDBI Bank withdraw insolvency petition against Mumbai Metro One

Business Line 16 Apr 2024
Anil Ambani-backed Reliance Infrastructure has received a breather after SBI and IDBI Bank withdrew insolvency petition filed in NCLT Mumbai against Mumbai Metro ...

Government files appeals against court rulings granting €111m to National Bank shareholders

Independent Online 15 Apr 2024
If the government had not intervened using public money, the bank would have failed ... This expert had concluded that the National Bank shares in 1973 had no value and that the bank had been insolvent.

GoFirst's last stand with two suitors in the wings: Understanding airline insolvency in India

Hindustan Times 13 Apr 2024
A look at the stages of Go First’s insolvency ... When did Go First file for insolvency? ... Jet’s insolvency is stuck due to differences in some payments between banks and the selected owners, Jalan Kalrock Consortium.

Article: PM Modi has brought the RBI on the doors insolvency, says a prominent economist

Kashmir Media Service 13 Apr 2024
An Indian Economist Vijay Ghorpade, has rang an alarm bell claiming that PM Modi has left Reserve Bank of India at the doors of insolvency ... The situation is so grave now that the RBI is not in a position to save the sinking banks in India.

Nu 15 billion ESP success hinges on policy changes

Kuensel 13 Apr 2024
The government should also review the bankruptcy and insolvency laws ...There are ways where insolvency law can be reformed and revised to make the equation between the banking sector and entrepreneurs less adversarial and more constructive.”.

German insolvencies return to pre-pandemic levels

Xinhua 12 Apr 2024
The development of the European Central Bank's key interest rate "will play an important role in insolvency activity over the rest of the year, particularly regarding the real estate industry," said ...

Fed should lower interest rates, economist says, as US commercial real estate market is in crisis

Anadolu Agency 12 Apr 2024
... which is the real return on capital after inflation — led to investment banks going into insolvency because they held mortgage-backed securitized (MBS) loans that went into default, he said.

What Elon Musk’s India visit means for Modi government ahead of general elections?

Invezz 11 Apr 2024
He has been responsible for reforms such as the Insolvency and Bankruptcy Code, fixing bank finances, introducing GST, offering incentives to maximize manufacturing, land and labor reforms, removing ...

Chicago Fed president Austan Goolsbee on the economy, health of our financial system

Chicago Sun-Times 09 Apr 2024
The other thing is that banks can come to what they call “the discount window” in a crisis where the problem is not that they’re insolvent, but just that kind of like in your clip, the money’s tied up ...

Go First gets lifeline as NCLT extends moratorium, again

Live Mint 08 Apr 2024
... 330-day deadline for insolvency and bankruptcy resolutions, thus allowing for special case extensions.It is, however, unlikely that the NCLT will grant further extensions in Go First's case.Also Read.

UK interest rate cut more likely as pay growth slows

AOL 08 Apr 2024
Starting salaries for permanent staff grew at the slowest rate in over three years last month, pushing the case that the Bank of England (BoE) should cut interest rates as pay pressures ease.

Corporate Governance has improved markedly since 2018

B & FT Online 03 Apr 2024
In Ghana, circa 2017, a raft of corporate governance weaknesses, were diagnosed as part of the malaise which caused the insolvency crises, which in turn necessitated the resolution of nine banks and over 340 NBFIs.

Sir Terry Leahy-backed group collapses owing £9m to taxpayers

The Times/The Sunday Times 02 Apr 2024
Several businesses part-owned by Nova Group Holdings, a start-up investment group backed by Sir Terry Leahy, are “insolvent” after the state-owned British Business Bank called in their loans, administrators have said.

Let’s make ₹ a global currency: PM to RBI

Hindustan Times 02 Apr 2024
While banks were recapitalised (with ₹3.5 lakh crore capital infusion) other reforms such as the Insolvency and Bankruptcy Code (IBC) alone resolved loans amounting to ₹3.25 lakh crore, the PM said.