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The author is a Trainee Correspondent with BW Businessworld
The major reforms include merging, eliminating and splitting of various CIRP Forms
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The increase in net investments into open-ended equity funds was driven by sectoral and thematic funds, which recorded net inflows of Rs 19,213.43 crore in May.
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Experts also say that the bond yields will remain range bound with a slight easing bias for now
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As of 31 March 2024, a total of 2,800 applications have been filed for initiating the personal insolvency resolution process (PIRP) for Personal Guarantors to Corporate Debtors
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The average duration for closing a corporate insolvency resolution plan (CIRP) is 843 days in FY24 against 831 days in FY23
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Banks and financial institutions have been investing in IT infrastructure to manage operations, but compliance depends on many parameters
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The proposed guidelines require lending service providers (LSP) to digitally share information about all available loan offers from willing lenders with whom they have lending arrangements
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The guidelines suggest provisioning for project loans from the current rate of 0.4 per cent to a range of one to five per cent without mentioning a lower threshold of financing
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Bank of Baroda reported a 2.3 per cent growth in net income at Rs 4,886 crore for the March quarter
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During the financial year 2023-24 (FY24), net profit rose to Rs 8,245 crore recording a robust growth of 228.8 per cent against Rs 2,507 crore posted during FY23
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