10 June 2019: A majority of Jaypee Infratech’s lenders have voted against NBCC’s bid but most home buyers wanted the state-owned company to takeover the debt-laden realty firm, sources said. The development comes hours after the National Company Law Appellate… Read More ›
Day: June 10, 2019
10 June 2019: Non-performing assets in the country’s banking industry declined more than Reserve Bank of India’s expectation for 2018-19, ratings agency Crisil said in a report released Monday. “System-wide NPAs have declined in 2018-19 to 9.3 percent as of… Read More ›
10 June 2019: The power ministry is considering issuing an advisory to electricity regulators asking them to abstain from lowering tariffs of stressed power plants that change hands as part of lenders’ resolution mechanism. The move, followed by a softened… Read More ›
10 June 2019: The Mumbai bench of the bankruptcy court is scheduled to hear on Monday insolvency petitions filed against Jet Airways by two of its suppliers, a development that could hurt the efforts of banks to cobble together a… Read More ›
ET: Smaller banks in specific deals may now have to follow larger lenders who have more at stake in a consortium of creditors.
10 June 2019: The central bank’s revised circular on stressed assets promises to speed up resolutions of bad assets, but smaller banks in specific deals may now have to follow the larger lenders that have more at stake in a… Read More ›
ET: SBI, PNB, BoB, HDFC Bank, Yes Bank among lenders that may face action for unauthorised withdrawals of about Rs 800 cr.
10 June 2019: The government-appointed board of Infrastructure Leasing & Financial Services (IL&FS) is likely to file contempt proceedings against nine large banks including State Bank of India, Bank of Baroda, HDFC Bank, Yes Bank, Punjab and Sind Bank, Punjab… Read More ›
10 June 2019: The Reserve Bank of India’s (RBI) new circular on bad loans have watered down the stringent provisions of February 12, 2018 circular, which had set in motion a speedier action that involved a change in the management… Read More ›