Now, private entities aspiring to set up banks can expect to hear about the status of their applications from the Reserve Bank of India (RBI) in 90 days. The 90-day period for issue of in-principle approval for private bank licences would commence
Category: Infrastructure Finance
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Finance Ministry looks to divest stakes in 7 PSUs
The finance ministry is working on a road map to divest stake in seven big state-run companies, which include Coal India, SAIL, MMTC, NMDC, NHPC and Nalco.
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Three petrochem investment regions to come up
Government is considering setting up three new petrochemical investment regions in the coastal areas of Karnataka, Maharashtra and West Bengal. At present, there are four such regions - Dahej in Gujarat, Paradeep in Odisha
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Governments do not have magic wands for economic revival
The Government is taking all the necessary steps to revive the economy. It has taken quick decisions and is also focusing on executive and administrative capability to implement them.
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Corporate Debt Restructuring | CDR as disqualification in tenders
Corporate Debt Restructuring (CDR) mechanism is a process that is governed by the RBI to ensure a timely and transparent mechanism for restructuring the corporate debts of viable entities facing problems.
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Metro Pricing | Un-fare deals
Thousands of home buyers on the Noida-Greater Noida stretch heaved a sigh of relief early this year when the 20.6-km Metro rail project between Greater Noida and Yamuna Expressway was cleared by the Ministry of Urban Development.
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Arun Jaitley represents as India’s Governor on ADB board
The Union Finance Minister Arun Jaitley has been appointed as IndiaÂ’s Governor on the Board of Governors of the Asian Development Bank (ADB) with effect from 27th May, 2014 in place of P. Chidambaram.
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We will soon set up a Project Development Company in Africa
The formation of PDCs will look at large projects that will be built across two to three countries in Africa. Yaduvendra Mathur, Chairman and Managing Director, Export Import Bank of India,
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Fundamentals revisited
Most banks have shown resilience, preventing further deterioration in asset quality in the fourth quarter. The same quarter also proved to be healthy in terms of recovery for most PSU banks
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Bank Guarantees: Encashment and remedies on encashment
Bank guarantees are an integral part of a contract, but these have been encashed under dubious circumstances in a number of cases. Prachi Manekar examines the legal recourse available to aggrieved parties.