Shares of IDBI Bank tumbled over 12 percent on Friday after the company reported widening of loss to Rs 3,800.84 crore for the June quarter
Days after submitting EoI for Jet Airways, Vedanta's Anil Agarwal says not interested in debt-laden airline
In April, Etihad had presented a conditional expression of interest to reinvest in Jet Airways as a minority stakeholder, with a partner, but it did not materialise.
Oriental Bank of Commerce, IDBI Bank cut MCLR up to 15 basis points; auto, home, personal loans become cheaper
Oriental Bank of Commerce and IDBI Bank on Thursday announced a cut in the range of 0.05 to 0.15 percentage point in the marginal cost of funds based lending rates (MCLR) for various tenors
Jet Airways extends deadline for submission of bids to 10 August; deadline extended on request of bidders
Jet Airways and its lenders have been searching for new investors since its planes were grounded and staff left unpaid
Jaypee Infratech promoters to pay creditors entire outstanding amount; says will complete pending projects in 3 years
Promoters of debt-ridden Jaypee Infratech on Monday proposed before the NCLAT that they will pay creditors entire outstanding amount without any hair cut and complete pending projects within three years
Punjab & Sind Bank reports about Rs 238 cr fraud by Bhushan Power; third instance after disclosures by PNB, Allahabad Bank
Bhushan Power and Steel has misappropriated bank funds, manipulated books of accounts to raise funds from a consortium of lender banks
All the 13 banks, which constitute 40.75 percent of CoC, voted against the bid by the state-run firm to acquire Jaypee Infratech.
SBI takes first cue from RBI governor, reduces key lending rates by 5 bps points to 8.40%; home loans to get cheaper
The new rates, effective from Wednesday, is the third reduction by SBI in this financial year
Jaypee Infratech homebuyers protest in Delhi, urge govt to direct IDBI Bank to vote in favour of NBCC's bid
The homebuyers have appealed to the government to direct IDBI Bank and NBCC to resolve their differences on the resolution plan
Life Insurance Corporation of India (LIC)-owned IDBI Bank Wednesday reduced its marginal cost of funds based lending rate (MCLR) by 5-10 basis points across various tenors, with immediate effect
The LIC-promoted bank had posted a net loss of Rs 5,662.76 crore during the corresponding January-March quarter of 2017-18
Jaypee Infratech insolvency: Adani Group offers Rs 500 cr upfront in fresh bid; creditors to meet on 30 May
Jaypee Infratech's financial creditors, which include bankers and homebuyers, will meet on 30 May to discuss bids by NBCC and Adani Group
Narendra Modi 2.0: Why landslide mandate, right conditions make it perfect time for govt to kick-start weak PSBs’ sell-off
To give a perspective, of the 18 PSBs now, at least eight have gross NPAs above 15 percent of their total advances. This means Rs 15 out of every Rs 100 they have lent have gone bad.
At present, bankers and NBCC are negotiating on the latter's bid to acquire Jaypee Infratech.
PNB could start the process of taking control of the banks in the next three months, according to the sources, who declined to be named, as they are not authorised to speak to the media.
Ten public sector banks in the dock for Antrix Diamond’s over Rs 450 cr NPA case; pre-sanction appraisal of firm not carried out
The company has filed a bankruptcy application with NCLT Mumbai, which has put a moratorium on any action by creditors against Antrix Diamond Exports till corporate insolvency resolution or approval of resolution plan by the bench.
Jaypee Infratech insolvency: Homebuyers want NBCC bid to be reconsidered; say no faith in private firms
Financial creditors and homebuyers of the Jaypee group realty firm are currently voting on the bid of Suraksha Realty, the lone player left in the race to acquire the company and complete over 20,000 flats.
In its earlier resolution plan, NBCC offered 1,400 acre land worth Rs 6,000 crore as well as Yamuna Expressway to lenders.
BoB, Dena and Vijaya Bank merger: India’s third-largest lender is here, but does this exercise make real sense?
This is a merger of two healthy banks with one weak, capital-starved, NPA-ridden candidate and it is easy to see who stands to gain the most