The Supreme Court on Friday warned that the flat buyers of Amrapali Group who are not clearing their dues as per the payment plan should not be in any kind of delusion as their units can be cancelled and will be considered as unsold inventory. A special bench of Justice U U Lalit and Ajay … Read more
The provisioning required by banks under the restructuring framework is lower, compared to the normal slippages into GNPA. Bank loans worth up to Rs 8.4 lakh crore are likely to be restructured by banks under the recently announced resolution framework for alleviating the Covid-19 related stress. Out of the overall loans set to be restructured, … Read more
A mistake from 2008 may return to haunt India’s economyIn all the 30 most severe credit boom episodes around the world, where credit in the economy grew at a speed faster than the economy itself for five years or so, GDP growth in the next five years halved in those countries. This includes Japan in … Read more