Coronavirus crisis: Major lenders revive idea of 'bad bank' to deal with high NPAs; 'this is right time to work it out', says SBI CMD Rajnish Kumar
Rajnish Kumar said that the idea of bad bank was not feasible three years ago, when talk began that banks should spin off bad assets into a separate company to unburden existing banks.
RCom insolvency: Lenders approve Rs 23,000 cr resolution plan; Chinese banks to get major share
With lenders approving a Rs 23,000 crore resolution plan for Reliance Communication, as much as Rs 5,500 crore will flow to Chinese banks, clearing about 55 percent of their principal dues, including of those lenders to whom firm's promoter Anil Ambani had allegedly given a personal guarantee
Economic slowdown: Around Rs 10.52 lakh cr of corporate debt at risk of default over next 3 years: Report
India Ratings and Research in a report said credit profiles of corporates are likely to remain under pressure as the economy grapples with a synchronised and prolonged economic slowdown.
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
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
Goyals' exit from Jet Airways: Sad day for Indian aviation; wake-up call for policymakers: SpiceJet chief Ajay Singh
Goyal and his wife will step down from Jet Airways' board under a resolution plan piloted by its lenders.
NCLAT directs Essar Steel to call CoC meeting to reconsider distribution of funds
The NCLAT on Wednesday asked the resolution professional of Essar Steel to call a fresh meeting of CoC to discuss the distribution of Rs 42,000 crore coming from ArcelorMittal's resolution plan
SEBI plans to put in place stricter norms for corporate debt restructuring; board to take up proposals in 1 March meet
Under the SEBI norms, an entity has to make an open offer in case its shareholding goes beyond a certain threshold.
Jaypee Infratech's promoter makes second attempt to settle Rs 10,000-cr dues with lenders
Crisis-hit Jaiprakash Associates has once again submitted a proposal to lenders of its subsidiary Jaypee Infratech for settling dues worth Rs 10,000 crore, amid bids for taking over the realty firm under the insolvency process
Zee stake sale: Essel Group promoters get three-month window from lenders, creditors to find a buyer
As of 31 December 2018, ZEE promoters owned 41.62 percent shares in the company of which 59.37 percent are pledged with lenders
Default rates among borrowers taking multiple loans from MSME lenders rise to 4.4% in three years: Report
The study shows that 45 percent of the sanctions showing loan stacking behaviour belong to loans sanctioned by NBFCs and 23 percent of the borrowers who have taken loans from NBFCs fall in this category.
Monetary Policy: RBI likely to raise repo rates by 25 basis points at Friday's review, say bankers; inflation expected to accelerate
The monetary policy committee will start its three-day meeting from 3 October to decide on the fourth bi-monthly monetary policy. After two successive hikes, the repo rate currently stands at 6.50 percent.
Punjab National Bank receives Rs 2,816 crore as part of government's capital infusion plan
The government has approved capital infusion in five public sector lenders, namely PNB, Allahabad Bank, Andhra Bank, Indian Overseas Bank and Corporation Bank.