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About 18 results for "reconstruction of financial assets"

JM Fin Asset raises stake in Hotel Leelaventure to 48.8%

JM Financial Asset Reconstruction Co has increased stake in Hotel Leelaventure to 48.80 per cent with allotment of 13.34 crore shares upon conversion of debt. DNA, 2 months ago

RBI meets top bankers on NPA resolution

After meeting officials from rating agencies, asset reconstruction companies, stressed asset funds and recovery specialists, the Reserve Bank of India (RBI) on Tuesday called a meeting with top bankers to further shape its plans on resolution of bad loans.
 The Financial Chronicle2 months ago

Allahabad Bank eyes 12.23 % business growth in FY 18

Kolkata : State run lender Allahabad Bank is looking to achieve a business growth of Rs 12.23 per cent in the current financial year and is also planning to raise capital up to Rs 2,000 crore, a top official said here on Wednesday. "The bank is looking to ...
 Sify1 month ago

5 Easy Steps To Become KYC Compliant

Posted by Equitymaster Know Your Customer (KYC) is a prerequisite for investing in mutual funds (and almost all financial instruments). It is vital compliance on the part of financial product manufacturers, to know their investor better. The Securities and ...
 Equitymaster.com2 months ago
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Banks may need 20% extra provisioning for 50 top bad debts: Study

New Delhi: Banks may require an incremental provisioning of 20 per cent against cumulative debt totalling over Rs 4.3 lakh crore of the 50 large bad debts or stressed assets in construction, power, metals, and other sectors, a study released on Thursday said.
 Sify1 week ago
Rediff.com

Bad loans: The bungling and farce continues

Bad loans continue to originate mainly from state-owned banks, where the top management’s responsibility is not linked to career prospects nor has legal consequences, says Debashis Basu. Just over a year ago in mid-May 2016 I had written a column pointing basic flaws in the new architecture set up to handle bad loans - a new huge bureaucracy (for insolvency), which only promised more legal complexities. Well, it appears that I had not anticipated something far worse — continued ...
 Rediff.com1 month ago
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RBI might take up NPAs worth Rs 8 lakh crore for resolution by 2019: Assocham

New Delhi: Industry body Assocham on Sunday said the Banking Regulation (Amendment) Ordinance has empowered the Reserve Bank of India (RBI) to take up "bad loans worth about Rs 8 lakh crore" for resolution by March 2019. According to an Assocham study, the ...
 Sify1 month ago 12 bank accounts and Rs 1.78 lakh crore bad debt  Rediff.com2 months ago

Reviving the Glorious past

NORTH INDIA Neemrana Hotels: Fakirs of the Heritage World “Heritage,” says Aman Nath, founder and co-chairman of Neemrana Hotels loftily, “has to be handled as a 'custodian', not as an owner. That would be taking it at the most obvious level of Maya - ...
 The Financial Chronicle1 month ago

32 firms file for bankruptcy

As the Reserve Bank of India (RBI) plans to direct banks on recovery of big corporate loans that have turned sour, at least 32 defaulters, including Kamineni Steel and Power, have declared bankruptcy in the National Company Law Tribunal (NCLT) under the ...
 The Financial Chronicle2 months ago

Central Bank of India put under ‘­­prompt corrective action’

Public sector Central Bank of India has been placed under the RBI's watchlist on Prompt Corrective Action (PCA) owing to high bad loans and negative return on assets. IDBI Bank, Indian Overseas Bank, UCO Bank and Dena Bank have already come under the PCA ...
 The Financial Chronicle2 months ago
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