"Feb 12 circular, that SC quashed, was an RBI initiative; it won’t impact IBC as it is neither a provision of the Banking Regulation Act nor of the bankruptcy law"
Traders and businessmen from across the state that ET spoke to claim that the ‘simplification of GST’ that has been promised by the Congress has found resonance among the trader community.
Digital CFO has to judiciously marry the new world challenges with stability provided by mature and time-tested processes. Also, simultaneously adopt the new regulatory challenges.
Looking at the relief measures and the costs associated, the government, at the end of the day, seems to have addressed the challenges facing the economy quite well
The challenge of placing sustainability at the centre of the business is accentuated by limited understanding of this area, therefore leading to inability to use the right models to measure return.
"Feb 12 circular, that SC quashed, was an RBI initiative; it won’t impact IBC as it is neither a provision of the Banking Regulation Act nor of the bankruptcy law"
Vibha Padalkar, the CFO turned CEO of HDFC Life became the public face of the company when she succeeded Amitabh Chaudhry as the CEO after serving the company for nearly two decades in various capacities.
The guidelines come after "considering the importance of system audit in technology driven asset management activity and to enhance and standardise the system audit".
SBI chairman Rajnish Kumar had said last month, “It could be financial investor, it could be airline... including Naresh Goyal himself or Etihad. Nobody is barred from bidding or taking over the airline as per the rule.”
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One hopes that abrupt abrogation of the circular would herald a new era of disciplined lenders who would be more conscious of quality in lending and proactive in resolving stressed assets.
Chadha will be responsible for raising funds for the company, developing projects and forming a strategy for expanding the institution in India and globally.
As per the current regime, banks can take as much time as they want to pass to adjust their interest rates as per the latest 25 basis point repo rate cut. That’s because RBI’s move to hasten this process with an external benchmarking regime, has been deferred from its April 1 deadline, yet again.