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About 23 results for "reconstruction of financial assets"

SC asks Unitech to give list of assets, says would auction them to pay home buyers
Money Control

SC asks Unitech to give list of assets, says would auction the...

A bench headed by Chief Justice Dipak Misra also imposed a cost of Rs 25 lakh on J M Financial Asset Reconstruction Company Ltd (JMFARCL), which had taken over some loans advanced by HDFC Bank to Unitech Limited. Money Control, 1 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  Sify2 weeks ago

Govt fast-tracks bill to seize assets of defaulters fleeing India

Currently, confiscation can be done through multiple laws, but it is a complicated process.Arup Roychoudhury and Indivjal Dhasmana report. Illustration: Dominic Xavier/ Stung by the Rs 114 billion scam at Punjab National Bank, the government is considering fast-tracking the draft fugitive economic offenders Bill. The draft law might soon be placed before the Cabinet before being tabled in Parliament in the post-recess Budget session. Finance Minister Arun Jaitley had first spoken of ...
 Rediff.com3 weeks ago
Business Standard

Steel, cement asset bidders can take CCI nod after win, say experts

Bidders, however, are of the opinion that the IBC process should be exempted from CCI regulations, like the earlier Board of Industrial and Financial Reconstruction cases Dev Chatterjee | Mumbai Last Updated at February 16, 2018 00:14 IST Tata Steel, JSW ...
 Business Standard1 month ago

Nitco board approves debt restructuring plan from JMFARC

The board also approved allotment of 70.61 lakh shares of face value of Rs 10 each at the premium of Rs 103.29 to JM Financial Asset Reconstruction Ltd.
 Money Control1 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 Global Markets Remain Buoyant  Equitymaster.com2 months ago

PMEAC keen on infra financing outside budgetary support

Anjana Das City: New Delhi The government should explore the option of financing infrastructure and social sectors outside budgetary allocations, taking the pressure off massive public spending, a member of the Prime Minister’s Economic Advisory Council ...
 The Financial Chronicle2 months 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.com2 weeks ago Sensex Finishes on a Weak Note; ICICI Bank Falls on SFIO Probe  Equitymaster.com2 weeks ago Indian Indices at All Time Highs; Airtel down 4%  Equitymaster.com2 months ago

Fugitive Economic Offenders bill may take ordinance route

Even existing cases might come under the proposed law, including those of Vijay Mallya, Nirav Modi and Mehul Choski. But, the law would not cover earlier cases.  The government plans to issue the Fugitive Economic Offenders Bill as an ordinance before the monsoon session of Parliament.  If it is not passed in the Budget session, a senior government official told Business Standard, the ordinance will be then sought to be formalised as an Act in the monsoon session.    The ...
 Rediff.com3 weeks ago

Banks' NPAs may surge after RBI's new rules

The amount of loans that carry a high risk of slippage into the NPA category over the next few quarters is about Rs 2.8 trillion.  Over Rs 2.8 trillion worth of loans, where payments have remained outstanding for 60-90 days, carry the risk of slipping into the category of non-performing assets (NPAs) due to the revised framework for stressed loans.  Besides pushing up the tally of gross NPAs, this may add to the pressure on banks to make enhanced provisions.    In banking ...
 Rediff.com1 month ago
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