Around 1.8 lakh of the 8 lakh public sector bank employees will need to be replaced over the next five…
The lenders to debt-ridden wind turbine manufacturer Suzlon Energy will meet on Friday to discuss its corporate debt restructuring package.
Convinced that promoters don?t have enough skin in the game when it comes to loan recasts, banks have decided to…
Corporate India?s balance sheets are getting increasingly stressed as companies struggle with the slowdown.
Rising NPA levels and the lowering of lending rates have kept Indian Overseas Bank?s margins under pressure.
Banks are willing to offload their stressed assets to asset reconstruction companies at discounts of about 30-40% of the outstanding…
The passage of the Enforcement of Security Interest and Recovery of Debts Laws Bill, 2011, is expected to help banks…
Between its inception in 2001 and March 2013, the corporate debt restructuring cell will have successfully negotiated the exits of…
Main lenders to debt-ridden Suzlon Energy could include its German subsidiary REpower in the corporate debt restructuring package that is…
In a sign of how stressed India?s corporate sector is, loans worth a whopping Rs 50,000 crore have been referred…
Even as large public sector banks grapple with asset quality woes, Union Bank of India stayed an outlier in the…
As many as 15-20% of the new cases being referred to CDR cell are cases that are seeking a second…
Bankers to insist on 25% of fair value diminution on any loan that is recast.
Despite Rs 10,829-crore debt recast package of Suzlon being referred to the corporate debt restructuring cell, the package doesn?t have…
The consortium of lenders to Vijay Mallya-promoted Kingfisher Airlines is tipped to meet as early as next week to take…
Troubled by the rise in stressed accounts in its agriculture and small and medium enterprise portfolios, State Bank of India…
Even as the Reserve Bank of India attempts to protect banks? balance sheets by asking them to set aside 75…
Cell receives nine cases worth Rs 14,100 crore in October; DCHL case withdrawn.
