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About 7 results for "public company accounting oversight b..."

The NPA problem: 'There is no silver bullet'

Resolution to the bad loans problem has to be incremental, and the RBI has to ensure NPAs are not swept under the carpet, HDFC chairman Deepak Parekh tells Joydeep Ghosh. Illustration: Dominic Xavier/Rediff.com The banking sector is expected to see a lot of action after the government's initiative to tackle the non-performing asset (NPA) problem through the NPA Ordinance. Deepak Parekh, chairman, Housing Development Finance Corporation, says that the Reserve Bank of India (RBI) is not ... Rediff.com, 1 day ago

7 images for public company accounting oversight board

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Rediff.com

NPA policy: Stressed assets may be put on the block

The framework also envisages amendments to the Prevention of Corruption Act to exempt commercial decisions by PSBs from scrutiny by investigating agencies. Both the amendments are likely in the monsoon session of Parliament. The new framework for non-performing assets (NPAs) will allow state-owned banks to conduct open auctions of NPAs, wherein cash-rich public sector companies will be encouraged to buy such assets in their sector. The new framework to deal with Rs 6 lakh crore worth of toxic ...
 Rediff.com2 weeks ago
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Ordinary Indians rush into stocks, spurring a rally as well as risks

Mumbai: With red-and-white headphones draped around her neck, 22-year-old Indian IT security consultant Abdhija Sharma looks like she would be more at home discussing the latest music or Bollywood movies than compound returns on equity investments. But at an ...
 Sify3 weeks ago
Rediff.com

Why not a 'Bad Bank'?

'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.com2 months ago

PRIORITY NO. 1 SHOULD BE RESOLUTION OF STRESSED ASSETS: RAI

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 Chronicle2 months ago
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Toshiba misses Q3 deadline; considers strategic options for Westinghouse

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.
 Sify2 months ago
Rediff.com

Six years of U K Sinha in Sebi

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.com2 months ago
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