BoB's e-Bank Guarantee issuance for trade finance crosses 1,000 mark thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
According to officials aware of the deliberations, the Indian Banks Association, or IBA, and National E-governance Services Ltd. (NeSL) are working to further improve the reporting system, which will now capture data on declaration of fraud and declaration of wilful default, a move that is expected to fast-track the process of establishing defaults and verify claims expeditiously.
India Business News: Real estate sector on a reported basis accounted for more than 50% of the total realizations under IBC. However subsequent to release of data by IBBI,
Share of real estate in recoveries under IBC rises to 18.8%: Report financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
To further streamline the corporate insolvency resolution process, the report added that the Ministry of Corporate Affairs has invited comments on changes being considered by the Insolvency and Bankruptcy Code.