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CVC constitutes Advisory Board for Banking Frauds

The Central Vigilance Commission (CVC) has constituted Advisory Board for Banking Frauds (ABBF) to examine bank fraud over...

📅 August 26, 2019

Insolvency and Bankruptcy Code (IBC)

The passage of the Insolvency and Bankruptcy Code (IBC), 2016 is one of the biggest insolvency reforms in...

📅 July 17, 2019

Government announces merger of Bank of Baroda, Dena Bank and Vijaya Bank

Union Finance Ministry announced proposal for amalgamation of three public sector banks- Bank of Baroda, Dena Bank and...

📅 September 18, 2018

Lok Sabha passes Insolvency and Bankruptcy Code (Amendment) Bill, 2018

Lok Sabha has passed Insolvency and Bankruptcy Code (Amendment) Bill, 2018 to bring relief to the home buyers...

📅 August 1, 2018

Government constitutes high level empowered committee to revive stressed thermal power plant

Union Government has constituted High Level Empowered Committee headed by Cabinet Secretary to address issues of Stressed Thermal...

📅 July 30, 2018

Banks, FIs ink inter-creditor agreement for faster NPA resolution

Banks and Financial Institutions (FIs) have signed Inter-Creditor Agreement (ICA) aimed at faster resolution of stressed assets of...

📅 July 24, 2018

Sunil Mehta committee submits its report to Finance ministry to tackle Non-Performing Assets (NPAs) and to create credit capacity

The Sunil Mehta committee which was formed with a view to tackle Non-Performing Assets (NPAs) and creating credit...

📅 July 4, 2018

Credit Rating Model: Government testing big data system to aid banks assess credit risks

Ministry of Electronics and Information Technology (MeitY) is testing credit rating model, a new system that will assist...

📅 June 25, 2018

Insolvency and Bankruptcy Board of India inks MoU with RBI

The Insolvency and Bankruptcy Board of India (IBBI) signed Memorandum of Understanding (MoU) with Reserve Bank of India...

📅 March 13, 2018

Lok Sabha passes Insolvency & Bankruptcy Code Amendment Bill, 2017

The Lok Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill 2017 to pave the way for...

📅 December 29, 2017

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