The Reserve Bank of India (RBI) has, for more than three weeks, been checking for stressed assets on banks’ books…
Bankers warn given RBI deadline of August 28, move may prove to be counterproductive
More than 120 wilful defaulters owe public sector lender IDBI Bank Rs 5,372 crore as on May 16, 2018. Of…
The order came during the hearing of an appeal by ICICI Bank against Oceanic Tropical Fruits, State Bank of India,…
More than 4,000 borrowers with outstanding loans of Rs 1.2 lakh crore have defaulted under the Reserve Bank of India’s…
Close to 70% of the claims made by companies related to the Essar Group on Essar Steel have been rejected…
Going by the recent order on Alok Industries from the National Company Law Tribunal (NCLT), it would appear State Bank…
Write-offs by banks for loans disbursed to the priority sector—primarily agriculture, MSMEs and smaller homes—account for about a fourth of…
While banks have made provisions for these assets, in keeping with the Reserve Bank of India’s rules, they may need…
The appellate tribunal noted the chairman/managing director/director of RCom would undertake to pay Rs 550 crore to Ericsson within 120…
Biggest lender not too keen as it feels NPAs are being offered at very unattractive prices
SBI has reported a loss of Rs 7,718 crore, for the three months to March, the lender’s second consecutive quarterly…
Central bank did not clarify status of the companies that have undergone successful debt restructuring but have not yet exited…
Monnet Power, promoted by the Jajodia family, is up for sale. Monnet Power is an 88% subsidiary of Monnet Ispat,…
The resolution professional (RP) for Tecpro Systems has detailed the “modus operandi” of the company’s promoters to allegedly defraud its…
According to a document seeking bids, IDBI Bank had sought to sell the four floors in February this year. The…
Led by Power Finance Corporation (PFC), lenders to KSK Mahanadi Power — a thermal power project of KSK Energy Ventures…
Debt collection agency appointed by resolution professional to locate debtors to recover Rs 11,037 crore.
