Falaknaaz Syed Mumbai The Indian rupee has depreciated by over 400 paise in the last one-year period from December 2014 to till date against the US dollar. Despite such a steep fall, the rupee has been one of the best performing currencies compared to its ... The Financial Chronicle, 1 month ago
Mukesh Jagota New Delhi Higher provisioning for bad loans following Reserve Bank of India’s directive to banks in December to clean up their balancesheet by March next year has led to a sharp fall in Punjab National Bank’s profit in October-December ...The Financial Chronicle, 11 hours ago
The government on Monday introduced a bill in Parliament that seeks to speed up the process of corporate bankruptcy by empowering creditors so that losses on bad loans can be minimised. The Insolvency and Bankruptcy Code Bill will replace the provisions of ...The Financial Chronicle, 1 month ago
RBI governor Raghuram Rajan has said steps taken by the central bank and the government should help lenders clean up their balance sheets by March 2017. “We hope that over the span of next year, say by March 2017, a full clean-up will have been done by ...The Financial Chronicle, 2 months ago
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