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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 months ago

1 images for "bad haircut"

MSN India, 7 months ago

Economic Survey: Resolving NPAs, implementing GST will lift GDP

New Delhi : Resolving the non-performing assets (NPAs), or bad loans, of state-run banks and implementing GST are among the major factors that will aid India log GDP growth of 6.75 per cent in the current fiscal, the Economic Survey for 2017-18 tabled in the ...
 Sify1 month ago

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 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 months 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 Chronicle2 months ago

7% growth may shut the door on banking reform

'The one sector where there is still a sense of crisis is banking, but the government has regrettably set its face against privatising any of the government-owned banks,' says T N Ninan. IMAGE: Finance Minister Arun Jaitley and Reserve Bank of India Governor Dr Urjit Patel. Photograph: PTI Economic growth is back above 7 per cent, and one could speculate whether a window of opportunity for reform has just closed. Though the Narendra D Modi government started out promising double digit growth, ...
 Rediff.com1 week ago

Modiji: Privatise Banks Now!

'Modi wants to reverse everything Nehru did, but is shy of touching his daughter's most unwise policies.''There is no example of this more stark than bank nationalisation,' says Shekhar Gupta. Photograph: Rupak De Chowdhuri/Reuters At the risk of making many of you yawn, or go 'not again', let me use that much-spoken wisdom: Never waste a crisis. The reason this great wisdom is rarely put into effect is that it needs boldness. It isn't an option for bureaucrats, time-servers, or the ...
 Rediff.com1 week ago

PNB scam can trigger a major market crash

'The financial sector will be hit even harder than the overall market.''The banking sector will eventually be rescued.''But it may go into a long downwards spiral before things turn around.''Threat or buying opportunity?' asks Devangshu Datta. Photograph: Toby Melville/Reuters When there's a crisis in an industry that's too important to fail, is it a threat or opportunity for investors? Analysts of Indian banking will be wondering about the answer. The non-performing assets crisis has had a ...
 Rediff.com3 weeks ago

Auction by Andhra Bank exposes chinks in banking

FC Bureau City: New Delhi Reserve price of assets put on block much lower than outstanding In a development that reveals serious lacunae in the banking system, Andhra Bank has put on block almost a dozen assets whose reserve is much lower than the advances ...
 The Financial Chronicle3 weeks ago

The Crisis at India's public sector banks

The banking sector's credibility is on thin ice.Unless the government takes strict steps, things could get worse.Joydeep Ghosh and Anup Roy report. Illustration: Uttam Ghosh/ In less than a fortnight, the credibility of public sector banks, which commands about 70% share of the bank loan market, took a serious hit. And three incidents have contributed to this fracas. First, the country's largest bank -- the State Bank of India -- reported its first quarterly loss in 19 years. Second, ...
 Rediff.com3 weeks ago
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