123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Stock-Market-Future-Market-Commodity-Market >> View Article

Union Cabinet Agrees Ibc Amendments Regains The Confidence Of Bidders

Profile Picture
By Author: Stock Investor
Total Articles: 245
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

According to Dinesh Kumar Khara, managing director of Global Banking and Subsidiaries, State Bank of India. Expressed his views on the union cabinet agrees with the amendments to the Insolvency and Bankruptcy Code (IBC). That brings back the belief of bidders who are bidding for insolvent firms.

Q: Separately the cabinet also approved some changes to the IBC which ensures the new promoters of the defaulting company have not charged with the losses or the frauds by the old promoters?

Yes, of course, I think both the amendments which have been cleared by the cabinet yesterday are very welcome for the banking industry and also for the economy. Besides, it also regained the confidence of bidders who are going for insolvency cases. But the doubt remains in their minds about the wrong actions of the previous promoters. Through this decision that uncertainty has been removed.

Q: Do you now expect more bids for DHFL (Dewan Housing Finance Ltd)? I mean there are also some inquiries against the promoters but with this sword of in any case what is the interest on DHFL?

For this Karan said ...
... absolutely this will encourage many more to come in. Particularly coming to DHFL the distribution network which was there is definitely of some interest to many.

Q: What’s the advantage of a partial credit guarantee scheme getting less difficult by the companies may be SME zero that will not count against them and then the loans can rate to plus instead of AA. Are you expecting a large pool to become eligible?

He added ”We get some kind of activity but much of it will wait and we see what kind of attraction. This is a good step.” With the assurance of government, public sector banks can buy high rated assets from NBFCs or HFCs.

Total Views: 89Word Count: 296See All articles From Author

Add Comment

Stock Market/Future Market/Commodity Market Articles

1. Cryptocurrency Investing: It’s Not As Risky As You Think
Author: Miraclechaser

2. Is Day Trading Profitable? The Difficulties Of Earning Profits With Day Trading
Author: madhav joshi

3. Why People Prefer The Best Online Trading Platform?
Author: tradingpathsala

4. What Is Auction Market Theory?
Author: vtrender

5. How To Start Forex Trading With Forex Broker
Author: jessica smith

6. What Does A $2 Billion Unicorn Do?
Author: FinReads

7. How To Recover Money Lost In Stock Market
Author: David Smith

8. Why Indian Business People Are Interested In Stock Trading?
Author: tradingpathsala

9. How To Trade Cryptocurrency Effectively
Author: Jessica

10. 3 Awesome Things You Can Learn From Share Trading
Author: Anamika Patel

11. Top Reasons Why Companies Decide To Go Public
Author: Rashmi Dey

12. Fractional Shares: What Are They And How Do They Work?
Author: Rashmi Dey

13. Details About Auction Market Theory
Author: vtrender

14. What Is The Best Online Stock Trading Site For A Beginner
Author: Rashmi Dey

15. Tips For Buying Usdt For First Timers
Author: Coin Tiger

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: