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About 20 results for "bad haircut"

Creditors need to take haircut in resolving bankruptcy: Jaitley

ks and creditors would need to take a "haircut" on their bad loans, even as defaulting promoters could make their businesses operational again by paying the outstanding interest on the loan, Finance Minister Arun Jaitley said on Friday. He was replying to the ... Business Standard, 2 weeks ago

1 images for "bad haircut"

MSN India, 4 months ago

Banks need to take haircut of 60% on NPAs: Crisil

Banks will need to take a "haircut" of up to 60 per cent on their bad loans to resolve the issue of massive non-performing assets (NPAS) accumulated in the Indian banking system, which is holding up higher economic growth, rating agency Crisil said on ...
 Prokerala3 weeks ago Banks need to take haircut of 60 pc on NPAs: Crisil  SME Times3 weeks ago
Rediff.com

Bankruptcy will influence M&A trend in 2018

Banks have Rs 10 trillion in stressed assets - Rs 7.8 trillion of bad loans and Rs 2.2 trillion of restructured ones. On the first day of the year when most are on holiday, Sourav Mallik, joint managing director at Kotak Mahindra Capital, is chalking out his mergers and acquisitions (M&A) strategy sitting at his Bandra-Kurla-Complex office in Mumbai.   “We expect domestic consolidation to be the larger M&A theme this year. Especially with the new legal process for ...
 Rediff.com2 weeks ago 'Banks should not take haircuts, focus on recovering loans'  Sify2 months ago
Business Standard

IOB sells Bhushan Steel account to SSG Capital at 40% write-off

State-owned Indian Overseas Bank (IOB) has sold its Bhushan Steel account with less than 40 per cent write-off (haircut is the formal term); SSG Capital has acquired the debt. Sources in IOB say the process should be complete by this weekend. SSG Capital was ...
 Business Standard2 weeks ago

UCO Bank willing to take 40-45% haircut to keep book free of NPAs, says MD

Anjana Das City: New Delhi Fighting a corrective action plan imposed by RBI for huge non-performing assets (NPAs), UCO Bank is putting its focus on bad loans resolutions. It is also willing to take a 40-45 per cent haircut for bigger cases under the National ...
 The Financial Chronicle1 week ago
Money Today

Insolvency ordinance: Good politics, bad economics, once again?

Politically, it makes sense to try and make sure that people who take huge loans, get the banks into trouble by defaulting, and mismanage do not get too many chances to hold on to their companies and assets at the cost of their lenders taking a steep haircut.
 Money Today1 month ago
Rediff.com

Sheena Bora Trial: The driver says bye

Tuesday was the last that Courtroom 51 saw of Shyamvar Rai, accused No 3 and approver in the Sheena Bora murder trial.True to form, Rai's final hours in the witness box were rather acrimonious.His cross-examination at several points turned downright ugly.Vaihayasi Pande Daniel reports from the Sheena Bora murder trial.Illustration: Uttam Ghosh/Rediff.com They met in the inner courtyard of the Mumbai city civil and sessions court for a few hurried minutes. Just another married couple, that ...
 Rediff.com1 week ago
DNA

Parliament passes Insolvency & Bankruptcy Code Amendment Bill

Finance Minister Arun Jaitley today said the government has entered into an unchartered territory as far as bankruptcy and insolvency Code is concerned and would continue to modify the law dealing with the issue. "Insolvency and bankruptcy is an area in which ...
 DNA2 weeks ago
Sify

S&P puts Indian banks in 'Group 5' with Italy, Spain, UAE

Mumbai: The Indian banking sector has been classified under 'Group 5' along with countries such as Italy, Spain, Ireland, the UAE and South Africa by rating agency Standard & Poor's (S&P) on the basis of their economy and industry risk criteria, the American ...
 Sify2 weeks ago
Rediff.com

How Sajjan Jindal 'reshaped' banking code through tweets!

If tweets can do so much, why do we need an independent regulator and multiple committees discuss and recommend policy? Sajjan Jindal, chairman of the JSW group, is a relatively new entrant on Twitter. Unlike contemporaries Anand Mahindra and Harsh Goenka, who have been tweeting since 2009, the steel tycoon joined the social media platform only in May 2014.   He has put out some 2,100 tweets and gathered over 35,000 followers. Call it premonition, influence, or plain coincidence. This ...
 Rediff.com3 weeks ago
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