RBI to align bank disclosure norms with global standards

MUMBAI: RBI’s new disclosure norms will put unlisted banks at par with listed peers, standardise reporting formats and units, and make global comparisons of Indian lenders much easier by mandating uniform, template-driven disclosures.The new norms prescribe globally aligned reporting architecture that mirrors Basel standards, addressing the third of the three pillars of the globally accepted…

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Insolvency resolution drops to 13-quarter low

NEW DELHI: Corporate insolvency resolutions dropped to a 13-quarter low of 36 cases being resolved by the National Company Law Tribunal (NCLT) during Jan-March 2026, compared with 70 a year ago, with just eight plans approved in Feb and seven in March. This was the worst March quarter for the resolution process since Jan-March 2022…

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17 properties with links to Abhishek under KMC lens

KOLKATA: ‘Shantiniketan’, at Harish Mukherjee Road where a notice was pasted Monday for alleged unauthorised construction, is among the 17 properties “owned or co-owned by Abhishek Banerjee, his company and family” that are under the scrutiny of Kolkata Municipal Corporation, an official of KMC said. Officials said notices under section 400(1) of the KMC Act,…

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Standards for fuel blends up to E30 notified

NEW DELHI: Govt has notified a new standard for higher ethanol-petrol blends — E22, E25, E27 and E30 fuels — paving the way for blending of ethanol in petrol beyond the current 20% level. The govt push to increase ethanol blending comes amid reports of availability of surplus ethanol and to reduce crude imports due…

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After ousting Didi’s govt in Bengal, BJP ends ‘Bhaipo tax’ on truckers

District magistrates were told to dismantle the illegal collection points JAMTARA: Bhaipo (nephew) tax. Danda tax. Bamboo barricades. Illegal nakas. Highway strongmen from alleged “syndicates” armed with sticks. For decades, drivers of commercial vehicles entering Bengal from Jharkhand said those words defined border crossings more than signboards or toll gates. Trucks slowed. Cash changed hands….

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