UN Commission on International Trade Law(UNCITRAL)

News:Recently,the Government of India has announced that the International Arbitration Tribunal has dismissed all claims against India in entirety in relation to cancellation of Letters of Intent for providing 2G services. Facts: About the issue: The arbitration arose against India due to cancellation of issuance of telecom licences to provide 2G services in five telecommunications… Continue reading UN Commission on International Trade Law(UNCITRAL)

Post fund infusion, ICRA revises rating for 6 PSBs

Credit Rating agency,ICRA has revised the outlook of six public sector banks,of which five are positive revisions.The ratings were revised after the capital infusion in these banks by the government. Earlier,RBI had also removed them from Prompt Corrective Action (PCA) after the infusion of capital in these banks.PCA is a process or mechanism to ensure… Continue reading Post fund infusion, ICRA revises rating for 6 PSBs

RBI takes 3 banks off prompt corrective action framework

The Reserve Bank of India (RBI) took three more banks out of the prompt corrective action (PCA) framework, following an improvement in the public-sector banks’ (PSBs) financial ratios after a fresh round of capital infusion in them by the government. PCA is a process or mechanism to ensure that banks don’t go bust.Under it, RBI… Continue reading RBI takes 3 banks off prompt corrective action framework

Centre clears ₹48,239 cr. recapitalisation package for PSBs

The government approved Rs 48,239 crore capital infusion into 12 public sector banks (PSBS) to help them maintain regulatory capital requirements and finance growth plans.It takes the total infusion into government banks to nearly Rs1 lakh crore so far this fiscal year. This capital infusion has a fourfold objective: (i) bringing the better-performing banks currently… Continue reading Centre clears ₹48,239 cr. recapitalisation package for PSBs

RBI lifts curbs on three PSBs

The Reserve Bank of India (RBI) have allowed three public sector banks to exit the PCA framework following capital infusion by the government and a decline in net non-performing asset (NPA) ratio. To ensure that banks don’t go bust, RBI has put in place some threshold levels to assess, monitor, control and take corrective actions… Continue reading RBI lifts curbs on three PSBs