'Let's walk on two legs: Facilitate better resolution under the present system and set up PARA as well by transferring loans amounting to, say, Rs 1 lakh crore,' says T T Ram Mohan.Illustration: Uttam Ghosh/Rediff.com The Economic Survey proposed a Public Asset Rehabilitation Company -- PARA, a so-called 'bad bank' -- for tackling bad loans in the Indian banking system. We already have several Asset Reconstruction Companies, ARCs. So what’s new? PARA will be much bigger in scale and will ... Rediff.com, 1 month ago
The time for trial balloons is over on stressed assets. This is the unequivocal message from Vinod Rai, chairman of Banks Board Bureau (BBB), an autonomous body set up in February 2016, tasked to improve the governance of public sector banks. Talking to ...The Financial Chronicle, 1 month ago
By Makiko Yamazaki and Taiga Uranaka TOKYO (Reuters) - Japan's Toshiba Corp failed to submit audited third-quarter earnings for a second time on Tuesday, gaining a one month extension as its expands a probe into problems at its U.S. nuclear unit Westinghouse.Sify, 1 month ago
Sinha started his tenure at Sebi a bit shakily making people wonder if he’d complete his three years. Eventually, he went on to stay twice that long.N Sundaresha Subramanian looks at the key regulatory measures in each of the years. As U K Sinha prepares to hand over the impressive top floor office at Sebi Bhavan to Ajay Tyagi, it is time to look at the rearview mirror. Sinha started his tenure at the Securities and Exchange Board of India (Sebi) a bit shakily, fending off ...Rediff.com, 1 month ago
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