Bitter court wars bog down Arcelor, Tata as India law tested

The National Company Law Tribunal or NCLT, in charge of the process, has extended a 270-day deadline enshrined in the law for Bhushan Power & Steel Ltd.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2jT37tV

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House panel to examine ‘bail in’ clause of FRDI Bill, to meet today

The FRDI Bill proposes to establish a resolution corporation and a comprehensive resolution regime to enable timely and orderly resolution of a failing financial firm.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2KYJVYi

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Bank loans to jewellers grow surprisingly after PNB-Nirav Modi scam

The flow of bank loans to the gems and jewellery sector saw a surprising 5.7% rise between mid-January and March.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2GcXTln

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Put your money in National Pension Scheme and beat the market

Equity or debt and across time-frames, Tier-I NPS funds have posted robust returns

from Business Line - Money & Banking https://ift.tt/2KSYAnL

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Public sector banks may seek early recapitalisation on new NPA rule

Stringent RBI norm, requiring stiff provisioning, may push banks to the edge on core capital

from Business Line - Money & Banking https://ift.tt/2rFjlui

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