No Result
View All Result
  • Login
Wednesday, August 10, 2022
Afternoon Voice
SUBSCRIBE
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics
No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics
No Result
View All Result
Afternoon Voice
No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Epaper
  • More

Strong bankruptcy code to enable unlocking of unproductive capital: Yes Bank

afternoonvoice@gmail.com' by Afternoon Voice
March 2, 2016
in Uncategorized
A A
0

A strong and robust bankruptcy code will give a fillip to the government’s reform process for the banking industry as it will help in unlocking the unproductive capital stuck in the economy, Yes Bank head Rana Kapoor has said.

Yes Bank-AV

“With regard to the banking industry, institutionalising a strong and robust bankruptcy code will provide further support to the government’s reform measures by unlocking the unproductive capital stuck in the economy,” Rana Kapoor, Managing Director and Chief Executive Officer of Yes Bank told PTI in an interview.

“The bankruptcy code will also offer exit routes to the investors, helping channel the capital to more productive sectors of the economy,” Kapoor said.

To promote ease of doing business and spur economic activities, a government-appointed panel had last year suggested a modern bankruptcy law to deal within 180 days the insolvency cases that may arise on account of business failures or economic downturns.

The draft legislation prepared by the panel also proposes early identification of financial distress so that steps could be taken to revive the ailing company.

Kapoor added that Indradhanush programme for public sector banks is definitely a shot-in-the-arm for banking industry.

“For improving PSU Banks, the Indradhanush program is definitely a shot-in-the-arm for the sector and needs to be supplemented by progressive reduction in the government stake in some of the PSU Banks as well as PSUs in other sectors,” he said.

“I also believe that Reserve Bank can provide further policy stimulus by a rate cut of about 50-75 basis points in 2016,” Kapoor added.

Finance Minister Arun Jaitley in his Budget speech had said the government will continue with the ongoing reform process.

Tags: PSU banksRana KapoorYes Bank
afternoonvoice@gmail.com'

Afternoon Voice

Recommended For You

Women will be inducted in Maha Cabinet in next expansion: Fadnavis
Uncategorized

Women will be inducted in Maha Cabinet in next expansion: Fadnavis

August 9, 2022
Education Ministry holds meeting seeking inputs for new curriculam
Nation

Education Ministry holds meeting seeking inputs for new curriculam

August 9, 2022
Cong. MP A R Chaudhary apologies to President Murmu over ‘Rashtrapatni’ remark
Nation

Cong. MP A R Chaudhary apologies to President Murmu over ‘Rashtrapatni’ remark

July 29, 2022
War, Saudi Arabia, Yemen
Uncategorized

Southern Official states: Yemen truce extension likely but ‘war is coming’ again

July 29, 2022
Uncategorized

Wuhan city would start to lockdown again due to new asymptomatic cases of Covid-19

July 29, 2022
balasaheb, balasaheb thackeray, thackeray, uddhav, shinde, eknath, eknath shinde, shiv sena, sena, uddhav, devendra, fadnavis, bala, bala saheb
Uncategorized

Balasaheb belong to all those who walked his path

July 26, 2022
ADVERTISEMENT

LATEST

3 LeT terrorists trapped in J-K’s Budgam encounter

August 10, 2022
Serena Williams announces retirement from Tennis

Serena Williams announces retirement from Tennis

August 9, 2022
RJD, Bihar, Bihar political crises,

The oath-taking ceremony of the new Bihar govt tomorrow says RJD

August 9, 2022
tejashwi yadav, rjd, bihar, nitesh kumar, bjp, bihar bjp

It’s a game throne for Tejashwi Yadav

August 9, 2022
Women will be inducted in Maha Cabinet in next expansion: Fadnavis

Women will be inducted in Maha Cabinet in next expansion: Fadnavis

August 9, 2022
ADVERTISEMENT
Afternoon Voice

© 2022 Newsmakers Publications Pvt. Ltd. | All rights reserved.

Important Links

  • Disclaimer
  • Privacy Policy
  • About Us
  • Contact Us
  • Support Parallel Media

Follow Us

No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics

© 2022 Newsmakers Publications Pvt. Ltd. | All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?