India’s insolvency and bankruptcy framework has received strong global recognition, with S&P upgrading India’s ranking in its international insolvency assessment. The rating agency cited faster resolution timelines, improved creditor recoveries and significant structural...
A parliamentary panel has recommended introducing an “advance ruling” mechanism within the Insolvency and Bankruptcy Code (IBC) framework to give companies and creditors legal clarity on key issues before insolvency proceedings begin. The...
RBI Governor Sanjay Malhotra has clarified that while ₹2,000 denomination notes are no longer in active circulation, they remain legal tender in India. This statement was made during a meeting with the Parliamentary...
The financial system is entering a new phase of complexity and exposure as U.S. banks’ loans to nonbank financial institutions (NBFIs) surpass $1.14 trillion in Q1 2025, according to fresh data from the...
In an unprecedented move, Mexico’s National Banking and Securities Commission (CNBV) has stepped in to temporarily oversee operations at CIBanco SA and Intercam Banco SA following serious money-laundering allegations by U.S. authorities. The...
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