Banking & Finance News

IBC's Rs 50,000 crore NPA resolution success! Creditors recover more than half of their money

IBC's Rs 50,000 crore NPA resolution success! Creditors recover more than half of their money

Creditors have recovered Rs 49,783 crore, or almost 56% of their admitted claims, from 32 stressed companies where insolvency resolution plans were approved by the National Company Law Tribunal (NCLT) by the end of June, showed data compiled by the insolvency regulator. 

Icra downgrades Syndicate Bank’s tier-II bonds
Icra downgrades Syndicate Bank’s tier-II bonds

Icra downgraded Syndicate Bank’s long-term rating for the Rs 3,250-crore Basel-III compliant tier-II bonds to AA (hyb) from AA+(hyb). The outlook on the rating was negative.

Horoscope: By Peter Vidal

Today ( 20 Aug )This Week ( 19 Aug - 25 Aug )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more