Results for India
- India’s RBI Surprises Markets by Keeping Rates Unchanged; Slashes Growth Outlook
rate by at least 0.25 percentage point. The central bank was expected to act to mitigate the impact of ...
Daily Headline - global.abi.org - 12/07/2016 - 20:01 - 0 comments
- India Grapples With The Effects Of Withdrawing 86% Of Cash In Circulation
A new strain of trickle-down economics has been spawned by the decision, on November 8th, to withdraw the bulk of India’s banknotes by the end of this year, The Economist reported. As holders of now-useless 500-and 1,000-rupee ($15) notes rushed to d ...
Daily Headline - global.abi.org - 11/25/2016 - 00:57 - 0 comments
- Insolvency And Bankruptcy Code May Help Unlock Rs 25,000 Crore Bad Loans
Effective implementation of Insolvency and Bankruptcy Code can potentially release about Rs 25,000 crore of capital over the next 4-5 years currently locked in bad loans, according to a report. "If implemented successfully, the code will help India& ...
Daily Headline - global.abi.org - 11/21/2016 - 20:59 - 0 comments
- How India Plans to Wipe Out ‘Black Money’
86 percent of the currency in a country where 78 percent of financial transactions are done in cash. ... largest bills — of 500 rupees, or about $7.50, and 1,000 rupees — which account for about 86 percent of ...
Daily Headline - global.abi.org - 11/14/2016 - 21:04 - 0 comments
- India: Has The Strategic Debt Restructuring Experiment Run Aground
It was billed as a powerful tool in the clean-up of bank balance sheets laden with bad loans, but has proved to be a bit of a dud. The strategic debt restructuring (SDR) initiative, which allowed creditors to convert debt into equity and take over the ma ...
Daily Headline - global.abi.org - 08/22/2016 - 05:16 - 0 comments
- Banks Can Now Take Posession Of Collateral In Case Of Loan Default
Banks can confiscate security in case of loan default as President Pranab Mukherjee has given assent to a law aimed at faster recovery and resolution of bad debts, The Indian Express reported. The Enforcement of Security Interest and Recovery of Debt ...
Daily Headline - global.abi.org - 08/17/2016 - 23:00 - 0 comments
- AZB & Partners - Inter Alia - July 2016
In the case of Messer Holdings Ltd. v. Shyam Madanmohan Ruia1, an appeal had been preferred before the Supreme Court (‘SC’) from a decision of the division bench of the High Court of Mumbai (‘Mumbai HC’), which had held that share transfer restrictions a ...
Resource Article - twallace@abiwor... - 08/10/2016 - 10:02 - 0 comments - 1 attachment
- Linklaters and TT&A - Understanding the new Insolvency Code – Part I: Debt restructuring for corporate debtors
This is the first of a two-part series on the new Insolvency and Bankruptcy Code, 2016 of India, which was approved by the Indian parliament in May 2016 and received Presidential assent on 28 May 2016. This note deals with the debt restructuring process ...
Resource Article - twallace@abiwor... - 08/10/2016 - 09:53 - 0 comments - 0 attachments
- Rajan Urges Continued Efforts On Bad Debt In Final Address
Raghuram Rajan, India’s outgoing central bank governor, said in his final monetary policy statement that he was “comfortable” with recent progress made in cleaning up India’s banking system, but urged banks and over-indebted industrialists to keep up the ...
Daily Headline - global.abi.org - 08/09/2016 - 21:41 - 0 comments
- Suzlon To Exit Debt Restructuring By March 2017
India's Suzlon Energy Ltd hopes to exit a process of corporate debt restructuring by March 2017, its chairman said on Thursday, a turnaround for a company that four years ago reeled under heavy debt after an ill-advised overseas expansion, the Eco ...
Daily Headline - global.abi.org - 08/04/2016 - 21:48 - 0 comments