Skip to content
Insolvency Guardian
Insolvency Services & Bankruptcy Advice
Insolvency GuardianInsolvency Guardian
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact
1300 60 70 60
  • Insolvency
  • Zero Contact Solutions
  • Resources
  • News
  • About Us
  • Contact

‘NPAs: challenge is to avoid delays’ – The Hindu

On June 13, the Reserve Bank of India (RBI) came up with an advisory asking banks to file insolvency and bankruptcy proceedings for 12 loan accounts, in which banks had an exposure of more than Rs. 5,000 crore each. This constituted about 25% of the systems bad loans whose total is estimated at Rs. 7 lakh crore.

The central bank had asked banks to file bankruptcy cases with the National Companies Law Tribunal (NCLT) within June 30. The RBI had also advised banks to make higher provisions for these accounts to be referred to the Tribunal under the Insolvency and Bankruptcy Code (IBC). According to RBI deputy governor Viral Acharya, the move was intended to improve bank provision coverage ratios and to ensure that banks are fully protected …

Read the full article at: http://www.thehindu.com/todays-paper/tp-business/npas-challenge-is-to-avoid-delays/article19657432.ece

Category: LiquidationBy Insolvency GuardianSeptember 12, 2017

Post navigation

PreviousPrevious post:Jaypee case: SC order exposes lacuna in insolvency code, necessitates amendment – Hindustan TimesNextNext post:US Radio Host Craig Carton Used Ponzi Scheme To Pay Off Massive Gambling Debts – PokerTube

Related Posts

SDAI Limited Reports No New Developments in Subsidiary Liquidation – TipRanks
May 31, 2025
RPs can now invite interim finance providers to CoC meetings
May 31, 2025
‘Absolutely gutted’: £16,500 Glastonbury packages won’t be fulfilled after company goes bust | Money News
May 31, 2025
Seek restructuring support at first sign of distress – GIPC CEO urges businesses
May 31, 2025
Corporate insolvencies reach highest level since July
May 31, 2025
IBBI Insolvency Reforms 2025 | SCC Times
May 31, 2025

NPAs: challenge is to avoid delays – The Hindu

On June 13, the Reserve Bank of India (RBI) came up with an advisory asking banks to file insolvency and bankruptcy proceedings for 12 loan accounts, in which banks had an exposure of more than 5,000 crore each. This constituted about 25% of the systems bad loans whose total is estimated at 7 lakh crore.

The central bank had asked banks to file bankruptcy cases with the National Companies Law Tribunal (NCLT) within June 30. The RBI had also advised banks to make higher provisions for these accounts to be referred to the Tribunal under the Insolvency and Bankruptcy Code (IBC). According to RBI deputy governor Viral Acharya, the move was intended to improve bank provision coverage ratios and to ensure that banks are fully protected against …

Read the full article at: http://www.thehindu.com/business/Economy/npas-challenge-is-to-avoid-delays/article19656116.ece

Category: LiquidationBy Insolvency GuardianSeptember 10, 2017

Post navigation

PreviousPrevious post:Can A PSU Be A Corporate Person Under Bankruptcy Code? NCLT Chennai Reserves Order – Live LawNextNext post:Expert joins city advisory company – The Argus

Related Posts

SDAI Limited Reports No New Developments in Subsidiary Liquidation – TipRanks
May 31, 2025
RPs can now invite interim finance providers to CoC meetings
May 31, 2025
‘Absolutely gutted’: £16,500 Glastonbury packages won’t be fulfilled after company goes bust | Money News
May 31, 2025
Seek restructuring support at first sign of distress – GIPC CEO urges businesses
May 31, 2025
Corporate insolvencies reach highest level since July
May 31, 2025
IBBI Insolvency Reforms 2025 | SCC Times
May 31, 2025
Insolvency Guardian
© Insolvency Advisory Accountants Pty Ltd trading as Insolvency Guardian Australia.

Disclaimer

Go to Top
Call Now Button