Insolvency and bankruptcy
PMC’s collapse is unlikely to impact financial markets or other private or public sector banks as co-operative banks have meagre dealings in money markets as they largely depend upon deposits.
There is a need to spread awareness among depositors community and the common public so that could secure the money to large extent.
आपको अधिकतम फायदा एक लाख तक ही है भले ही वहाँ पैसा इससे ज्यादा हो। लेकिन आप ज्यादा फायदा वैध तरीके से ले सकते हैं और उसके लिये आपको प्लानिंग करनी होगी,यही यहाँ उल्लेखित कर रहा हूँ ।
In the recent case of PMC bank, only accountability is discussed and would be discussed for many months to come, however, there're some other more issues too which need to be looked upon.
With more and more banks going to be set up after ‘on TAP’ licensing to small Finance, Payment banks etc there should be a proper mechanism to monitor these type of stringent actions.
Meanwhile, lenders will provide a further Rs. 1500 crores as loan to stabilize its operations, it'll save ‘Brand India’ from the taint of a bankruptcy, saving serious inconveniences for passengers, and avoiding the impact of a business collapse on the economy.
Insolvency and Bankruptcy Code that seal the fate of defaulters and pave way for New India: Let us re-elect Narendra Modi led BJP again
The first time voters and youths of India must understand the importance and significance of the new initiative by PM Modi because this reform is meant to save the future of millions of youths in India who wants to become entrepreneurs and look for seed money from various financial institutions.