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About 18 results for "debt recovery tribunal"

IDBI Bank nominee resigns from Jaiprakash Associates board

IDBI Bank has decided to withdraw the nomination of S K Mohapatra from the board of debt-ridden Jaiprakash Associates.In a BSE filing, crisis-hit Jaiprakash Associates informed that Subrat Kumar Mohapatra, the chief general manager of IDBI Bank, has resigned ... Business Standard, 1 month ago

Global Stock Pare Losses After Robust US Jobs Data

Posted by Equitymaster Global financial markets slumped this week after the US imposed steel and aluminium tariffs on exports. However, markets worldwide pared the losses on Friday amid robust US jobs data. Data from the U.S. Labor Department revealed that ...
 Equitymaster.com1 week ago

Indian Indices Continue Slump, PSBs Under Pressure, and Top Stocks in Action

Posted by Equitymaster On Wednesday, share markets in India opened flat but ended the day in red. The BSE Sensex closed lower by 284 points to end the day just above the 33,000 mark. While the broader NSE Nifty ended the day lower by 95 points to end at ...
 Equitymaster.com1 week ago Sensex Finishes on a Weak Note; ICICI Bank Falls on SFIO Probe  Equitymaster.com1 week ago

Govt banks wrote off Rs 81,683 cr loans in FY17

Loans worth Rs 81,683 crore were written-off by public sector banks in 2016-17, Finance Minister Arun Jaitley said today in the Rajya Sabha. In a written reply, Jaitley said that writing-off of loans is done for tax benefit as well as capital optimisation and borrowers of such loans continue to be liable for repayment. The amount written off (including through compromise) by PSBs was Rs 81,683 crore in the financial year 2016-17, including Rs 20,339 crore by the State Bank of India (as per ...
 Rediff.com2 weeks ago State-run banks wrote off Rs 81,683 cr loans in FY17  Sify1 week ago NS Vishwanathan asks banks to develop better risk-pricing skills  Money Control2 months ago

Another victim of Jio onslaught, Aircel is staring at a bleak future

Aircel executives said the company could offer value to big boys like Airtel or Jio as a low-end mobile services brand Aircel, which moved the National Company Law Tribunal (NCLT) last week, is exploring many options to run the business as an ongoing concern till the resolution process takes off.   It is learnt that a bid by the management, backed by financial investors, is an alternative that the telco is looking at. It is also weighing the possibility of an interim financing deal ...
 Rediff.com1 week ago

ED arrests Subhiksha MD for bank fraud

Enforcement Directorate (ED) on Wednesday arrested R.Subramanian, promoter and managing director of Subhiksha Trading Services Limited in a bank fraud case under the provisions of Prevention of Money Laundering Act, 2002. He was remanded to judicial custody ...
 DNA2 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

Bank of India reveals full provision made for Rotomac NPA in FY16

State-owned Bank of India today said it had sanctioned some loan to Rotomac group companies as a consortium lender and that had turned into a non-performing asset (NPA) or bad loan in the 2015-16 fiscal for which it has already made 100% provisioning. The ...
 DNA3 weeks ago

Bidders for stressed assets seek level playing field

The code says the process is intended to balance the interests of all stakeholders and the resolution plan is also required to make a statement as to how it has dealt with these interests. Illustration: Uttam Ghosh/ Bidders for stressed assets have warned that the current interpretation of the Insolvency and Bankruptcy Code - according priority to the interest of lenders while ignoring non-financial creditors - could lead to legal challenges.   As of now, lenders are sending ...
 Rediff.com1 month ago
Money Control

UK court allows three-fold increase in Mallya#39;s weekly allowance

The allowance is believed to be a considerable boost on an estimated 5,000 pounds a week figure initially permitted by the court following a judgment of the Debt Recovery Tribunal (DRT) in Karnataka last year.
 Money Control1 month ago
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