Lenders

Total fraud at banks soars 74% to Rs 71,543 cr in 2018-19, says RBI; PSBs account for bulk of cases

The number of fraud cases reported by lenders also jumped to 6,801 in 2018-19, compared to 5,916 cases in 2017-18

Jaypee Infratech insolvency: Lenders to meet on 18 November to comply with Supreme Court direction

Lenders of debt-ridden Jaypee Infratech will meet on 18 November to take forward the process of insolvency resolution after the Supreme Court directed early this month to complete the process within 90 days

Bank of America Merril Lynch is betting on banks slashing lending rates by 50 bps by March

RBI surprisingly cut its key lending rate by 0.25% to 6.25 as it sought to up the sagging growth amid a slowdown in inflation at its 7 February policy

Lenders invoke shares pledged by Bhushan Steel to raise Rs 300 cr

The stock has nosedived about 70 percent over the last one year, when financial stress on the company came to light

Investors continue to dump Jet Airways shares; tank 15% after lenders decide to move airline to NCLT

Jet Airways stock tumbled nearly 15 percent on Tuesday after State Bank of India-led consortium of lenders decided to send the grounded airline to the National Company Law Tribunal

Jaypee Infratech insolvency: NCLAT says banks can vote against NBCC proposal to acquire debt-ridden company

The National Company Law Appellate Tribunal (NCLAT) on Monday clarified that lenders can vote against the NBCC's proposal to acquire debt-ridden Jaypee Infratech and directed for the completion of the ongoing voting process

New RBI rules on NPA: Central bank must frame stronger guidelines to police borrowers, not just lenders

It is time the RBI looked hard at what needs to be done in the entire process chain of borrowing, including issues related to collaterals, cash flows and above all the expected conduct of borrowing entities.

Jaypee Infratech insolvency: Lenders put five conditions to state-owned NBCC for considering bid

Lenders of Jaypee Infratech have asked state-owned NBCC to sweeten its bid to acquire the debt-laden realty firm and have demanded that the public sector firm should offer 1,426-acre land instead of 950 acre besides taking onus of getting approvals from income tax and development authorities

NCLT begins bankruptcy process for Anil Ambani's Reliance Communications

The lenders to the crippled Reliance Communications (RCom) Tuesday moved NCLT to appoint a new resolution professional and form a committee of creditors, the first step to begin the bankruptcy process of the Anil Ambani group company that owes close to Rs 50,000 crore to 31 lenders led by State Bank of India

Jet Airways lenders working on revival, no final decision yet: PNB managing director Sunil Mehta

Lenders to the cash-strapped Jet Airways are committed to reviving the air carrier but nothing has been finalised yet, Punjab National Bank (PNB) Managing Director Sunil Mehta said on Tuesday