Insolvent Banking

Latest News for: Insolvent banking

Banks Can Act Against Personal Guarantors Of Insolvent Companies, Rules Supreme Court

Yahoo Daily News 16 Aug 2018

The bank had initiated proceedings against the property of the managing director of a company under insolvency resolution. The MD, who is the personal guarantor for loans availed from the bank by the firm, moved the NCLT seeking a stay, arguing that the Section 14 of the insolvency code would apply to him as well....

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Long-term lending needs bonds

DNA India 16 Aug 2018

Call it a legacy issue or crony capitalism, the growing bad debt of over Rs 10 lakh crore in Indian banking industry is 'very serious' but Insolvency and Bankruptcy code coming into being has at least ensured that companies will hereafter be careful and shun reckless borrowing ... Bankruptcy Code Domestic banks Development finance institutions....

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DNA Money Edit: Waiting for light at the tunnel's end

DNA India 16 Aug 2018

The 180-days deadline set by the Reserve Bank of India (RBI) when it takes fresh set of bad loans under Insolvency and Bankruptcy Code (IBC) of 2016 is soon to expire ... Asset Management Company Reserve Bank of India power companies Power Plants Asset Reconstruction Company DNA Money Edit Insolvency and Bankruptcy Code Project Sashakt....

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The Bank of Ghana has established an Office of Ethics and Internal Investigations to strengthen good governance within the Bank and to promote the highest standards of ethical conduct commensurate with the Bank’s mandate.

Graphic 16 Aug 2018

The Bank of Ghana has established an Office of Ethics and Internal Investigations to strengthen good governance within the Bank and to ... In 12 months, seven local banks have had their licenses withdrawn for being insolvent....

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Worst over for public sector banks, Q1 performance much better: Govt

Live Mint 16 Aug 2018

State-run banks made a total recovery of Rs 36,551 crore in the first quarter of 2018-19, nearly half of the entire 2017-18 ... State-run banks put ... Further, on a quarter-on-quarter basis, operating profits of banks rose 11.5% and losses fell 73.5%, Kumar wrote ... Recoveries under the Insolvency and Bankruptcy code also aided banks, he added....

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Ind-Ra pegs Indian economic growth at 7.2% in 2018-19

The Times of India 16 Aug 2018

The rating agency in a report titled 'Mid-year FY19 Outlook' said it believes the other headwinds lurking on the horizon are rising trade protectionism, depreciating rupee and, no visible signs of the abatement of the non-performing assets of the banking sector. "Furthermore, it is taking a tad longer than expected to resolve cases under the Insolvency and Bankruptcy Code ... BKS ANS ANS. ....

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SC junks Banco Filipino plea for P25-B assistance

The Manila Times 15 Aug 2018

Banco Filipino was declared insolvent and ordered closed by the then Central Bank of the Philippines in 1985 but the SC voided this in 1991 ... “When banks become insolvent, depositors ... Thus, Philippine Deposit Insurance Corporation’s participation in all suits involving the insolvent bank is necessary and imbued with the public interest,” the SC said....

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Thirty-nine McGlinchey Stafford Attorneys Recognized in The Best Lawyers in America® 2019; Four Receive “Lawyer ...

Omaha World-Herald 15 Aug 2018

Additionally, the firm is the top-listed in Baton Rouge in the areas of Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law, Insurance Law, and Litigation - Banking & Finance, rankings reflecting the number of McGlinchey Stafford attorneys listed and the firm’s depth in those practice areas....

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137 Buchanan Attorneys Recognized in The Best Lawyers in America© 2019

Market Watch 15 Aug 2018

Braver - Litigation – Banking and Finance ... Booken - Banking and Finance Law; Corporate Law; Tax Law ... Schorling - Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law ... McDonough - Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law; Bet-the-Company Litigation; Commercial Litigation; Litigation – Banking and Finance; Litigation – Mergers and Acquisitions; Litigation – Trusts and Estates....

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Power min to hold SOS meeting to save stressed plants

DNA India 15 Aug 2018

The meeting is crucial as the deadline for finalising the resolution proceedings for defaulting power plants is August 27, according to Reserve Bank of India circular issued on February 12. The circular has set stiff timelines for resolving large non-performing assets, failing which banks have to mandatorily refer them for insolvency proceedings ... INSOLVENCY LOOMS....

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Best Lawyers in America 2019 Recognizes 72 Waller Attorneys

Market Watch 15 Aug 2018

Childs - Litigation - Banking and Finance (Birmingham) ... ’ Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law ... ’ Litigation - Banking and Finance ... ’ Banking and Finance Law ... ’ Litigation - Banking and Finance ... ’ Banking and Finance Law ... ’ Banking and Finance Law ... ’ Bankruptcy and Creditor Debtor Rights / Insolvency and Reorganization Law Chase Cole ... ’ Banking and Finance Law ... ’ Banking and Finance Law W....

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Banking Crisis: BoG’s Roadmap For Clearing UT, Capital Bank Mess

Modern Ghana 15 Aug 2018

The Bank of Ghana announced the collapse of two local banks ndash; UT and Capital banks ndash; a year ago because they were ldquo;deeply insolvent. rdquo; BoG, however, allowed the GCB bank to acquire the banks and issued a GHc2 billion bond to ... ....

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Individual failures, not banking failures led to collapse of banks- Finance Minister

Joy Online 15 Aug 2018

The Finance Minister says the chaotic situation in the financial sector is not one of banking failure but rather individual failures. Ken Ofori Atta whose ministry is coughing out ¢5.8 billion to rescue the insolvent banks says it is time for “social justice.” ... Capital and UT Banks were the first to go under in August 2017 and their assets taken over by GCB ... It is not the issue of bank failure....

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