Bankruptcy

/Tag: Bankruptcy

The great Indian clean-up gathers pace

2020-03-24T09:49:26+00:00February 15th, 2019|Global Edition – February 2019|

The Modi government’s action against indirect ownership of foreign assets, the crackdown on shell companies, the enactment of the Insolvency and Bankruptcy Code and the decisive diplomacy that has helped nab alleged middleman in the Augusta Westland deal – Christian Michel – and put fugitive liquor baron Vijay Mallya  on notice is cleaning up the Indian business landscape and bringing in transparency. Two out of four... Is that good enough? An important element that would enable people to provide an [...]

A new public sector merger bodes well for Indian banking reform

2020-03-24T11:39:21+00:00October 4th, 2018|2017/2018, UK Edition – September 2018|

The big news from the Indian banking sector this month has been the bold announcement that three public sector banks – Bank of Baroda, Vijaya Bank and Dena Bank – will merge to create India’s third-largest lender. Last year, India’s largest bank, the State Bank of India (SBI), merged with State Bank of Bikaner and Jaipur (SBBJ), State Bank of Mysore (SBM), State Bank of Travancore (SBT), State Bank of Hyderabad (SBH) and State Bank of Patiala (SBP) to create [...]

Financial Reforms in India – A New Era

2018-05-28T12:12:20+00:00October 27th, 2017|2017/2018, October 2017, SECTOR FOCUS/Finance, Year|

A financial expert delves into how reforms in the sector are set to transform the Indian economy. The last few years have been a seminal period for the Indian economy, not only in terms of the overall progress on the macroeconomic front, but more importantly in the structural reforms undertaken, many of which will have deep-rooted, long-term effects. Be it the Insolvency & Bankruptcy Code (IBC), Demonetisation or Goods and Services Tax (GST), each of these reforms has targeted a [...]