In his new book Overdraft: Saving the Indian Saver, Patel has said that the Supreme Court's April 2019 verdict had not found the RBI’s February 2018 one-day default regulation on the insolvency process “problematic”
PSU bank employees salary: The wage hike will benefit employees of old generation private banks and some foreign banks as the agreement has been signed by 11 state-owned banks, 12 private sector banks and seven foreign banks.
The data compiled by the RBI shows banks deployed Rs 5,522 crore from their own resources under the Special Liquidity Facility for Mutual Funds (SLF-MF) scheme for Rs 50,000 crore announced by the regulator.
According to RBI Governor Shaktikanta Das, the liquidity measures announced by the RBI since February 2020 aggregate to about Rs 9.57 lakh crore — equivalent to about 4.7 per cent of 2019-20 nominal GDP.
Calling the Covid outbreak the “worst health and economic crisis in the last 100 years during peace time with unprecedented negative consequences for output, jobs and well-being,” Das cautioned on the road ahead.
In the case ‘moderate sickness’, NABH-accredited hospitals (including entry level) can charge Rs 10,000 per day (including Rs 1,200 for PPE) and for non-NABH accredited hospital) it would be Rs 8,000 (including including cost of PPE Rs 1,200).
Currently, Surety Bond for contractors is not being offered by insurance companies in the market to guarantee satisfactory completion of a project by a contractor and provide performance security to various government agencies.
Three Hinduja brothers – Gopichand, Prakash and Ashok – contested the claim of their elder brother Srichand saying “everything belongs to everyone and nothing belongs to anyone.” What is this tussle about? What happens next?
On November 20, 2019, the RBI superseded the board of directors of DHFL — managed by the Wadhawans — owing to governance concerns and defaults in meeting various payment obligations and appointed an Administrator to run the company.
The government’s view is that bad loan resolution should happen in a market-led way, a senior government official said. The banks demand for a one-time restructuring of loans is being considered by the banking regulator and the government.