Lenders are likely to accede to the request at the next meeting of the committee of creditors (CoC)on Tuesday. “At this point, the CoC is giving the extension as a hope against hope. Bankers are anyway in a situation of har
Bank of Baroda (BoB) is understood to have classified its exposures to two NBFCs from the ADAG group as non-performing assets (NPAs) during the quarter ended September, persons familiar with the developments told FE.
The resolution plan so reached can then be placed before the NCLT for approval, so that it can be implemented. The pre-packaged resolution scheme is expected to aid the existing insolvency framework and cut costs and time of
The Insolvency and Bankruptcy Board of India (IBBI) had earlier moved the Supreme Court seeking criminal proceedings against Liberty House for failing to complete the resolution of Amtek Auto. The apex court has agreed to he
Bankers have long argued that it is not viable to price loans using external benchmarks unless deposits are also linked to such benchmarks. State Bank of India (SBI) was the first to link savings accounts with balances of ove
Retail loans have for long been perceived to be safe, but recent data sets released by companies and the Reserve Bank of India show that retail delinquencies of non-banks are on the rise. Consumption-financing behemoth Bajaj