Npa Resolution

Showing 1 of 19 from 19 results
Npa Resolution - Total results - 19
DHFL seeks Rs 15,000-cr lifeline from banks for on-lending to retail customers, project customers
Business

DHFL seeks Rs 15,000-cr lifeline from banks for on-lending to retail customers, project customers

DHFL has seen a rash of rating downgrades in June after it defaulted on Rs 1,150 crore to its bond-holders due on 4 June.

DHFL lenders meet bondholders, others on inter-creditor pact; agree to present resolution plan within 7 days
Business

DHFL lenders meet bondholders, others on inter-creditor pact; agree to present resolution plan within 7 days

DHFL owes nearly Rs 90,000 crore to banks and other financial institutions, according to its FY18 annual report

DHFL crisis: Lenders meeting today to cobble up a resolution plan, still in process of signing inter-creditor agreement
Business

DHFL crisis: Lenders meeting today to cobble up a resolution plan, still in process of signing inter-creditor agreement

The lenders, which had last met on 1 July, are still in the process of signing an inter-creditor agreement for the company

SC scraps 12 February NPA circular: Govt retains power to direct RBI for referring defaulters to NCLT
Business

SC scraps 12 February NPA circular: Govt retains power to direct RBI for referring defaulters to NCLT

The Supreme Court's order quashing the RBI's 12 February circular will give the government discretionary power to issue a direction to the apex bank for referring a defaulting company to the NCLT on case by case basis in public interest, official sources said

Supreme Court scraps NPA circular: Govt, RBI will have to bring new rules, says NITI Aayog CEO Amitabh Kant
Business

Supreme Court scraps NPA circular: Govt, RBI will have to bring new rules, says NITI Aayog CEO Amitabh Kant

The government and the Reserve Bank will have to bring in a new set of regulations to ensure that borrowers repay their debt on time following the Supreme Court striking down an earlier rule of the monetary authority, NITI Aayog chief executive Amitabh Kant said on Wednesday

SC scraps 12 February RBI circular: Legal fraternity divided over apex court order on NPA diktat
Business

SC scraps 12 February RBI circular: Legal fraternity divided over apex court order on NPA diktat

Legal experts have given mixed views on the Supreme Court judgement quashing the Reserve Bank's circular on bad loan recognition saying while the ruling is a "great" setback for banks, it also offers relief to the troubled companies

SBI managing director Arijit Basu says resolution soon on stressed power assets worth Rs 17,000 cr
Business

SBI managing director Arijit Basu says resolution soon on stressed power assets worth Rs 17,000 cr

There are about 34 stressed power projects and the combined value of their outstanding loans is about Rs 1.74 lakh crore.

NPA resolution: Sunil Mehta-led panel to issue operational guidelines for inter-creditor agreement
Business

NPA resolution: Sunil Mehta-led panel to issue operational guidelines for inter-creditor agreement

The inter-creditor agreement (ICA), under the Project Sashakt, seeks to resolve loans under Rs 50 crore or more which are under consortium lending but under Rs 500 crore

NCLAT upholds Bhushan Steel sale to Tata Steel, rejects issues over its ineligiblity
Business

NCLAT upholds Bhushan Steel sale to Tata Steel, rejects issues over its ineligiblity

An NCLAT bench headed by Chairman Justice S J Mukhopadhaya rejected the claims of its promoters Neeraj Singal that Tata Steel was ineligible to bid for Bhushan Steel under section 29 A of the Insolvency & Bankruptcy Code (IBC).

Bad loans crisis: Nearly 24 lenders sign new NPA resolution framework under Project Sashakt
Business

Bad loans crisis: Nearly 24 lenders sign new NPA resolution framework under Project Sashakt

ICA to aid banks, financial institutions fighting bad loans that are sniffing at 12 percent of the system, to take concerted efforts towards resolving dud loans under Rs 500 crore.

Project Sashakt: Banks finalise inter-creditor agreement to fast track non-performing asset resolution
Business

Project Sashakt: Banks finalise inter-creditor agreement to fast track non-performing asset resolution

The agreement, a part of Project Sashakt, will be taken to boards of respective banks and would be cleared in a couple of days, said PNB non-executive chairman Sunil Mehta

IBBI amends norms, notifies procedures for home buyers under insolvency proceedings
Business

IBBI amends norms, notifies procedures for home buyers under insolvency proceedings

With the amended norms, there is more clarity on procedural requirements for various classes of creditors, including home buyers.

Icra says 70 large accounts need NCLT resolution by September; pegs PSBs' pre-tax loss at Rs 1.2 lakh cr for FY19
Business

Icra says 70 large accounts need NCLT resolution by September; pegs PSBs' pre-tax loss at Rs 1.2 lakh cr for FY19

These accounts are mainly from the power, engineering, procurement, and construction (EPC) and telecom sectors.

Electrosteel allots shares worth Rs 7,400 cr to lenders; SBI gets largest chunk
Business

Electrosteel allots shares worth Rs 7,400 cr to lenders; SBI gets largest chunk

Electrosteel Steels, undergoing the insolvency resolution process, has allotted equity shares worth Rs 7,400 crore to lenders as loan conversion, with SBI getting the largest chunk -- about 37 percent

NPA resolution: Vedanta assumes control of stressed Electrosteel; deposits Rs 5,320 cr in an escrow account
Business

NPA resolution: Vedanta assumes control of stressed Electrosteel; deposits Rs 5,320 cr in an escrow account

The National Company Law Appellate Tribunal (NCLAT) had allowed Vedanta Ltd to make an upfront payment of Rs 5,320 crore to lenders for acquiring Electrosteel Steels.

Economic Survey 2017-18: Private investment to rise with NPA resolution, PSBs recapitalisation
Business

Economic Survey 2017-18: Private investment to rise with NPA resolution, PSBs recapitalisation

Private investment seems poised to rebound with efforts being made for expeditious resolution of bad loans and adequate recapitalisation of public sector banks (PSBs), the Economic Survey said

As bad loans pile up at banks, finance ministry seeks to extend RBI deadline on Basel III norms
Business

As bad loans pile up at banks, finance ministry seeks to extend RBI deadline on Basel III norms

As per the norms, banks have to maintain a minimum common equity ratio of 8 percent and total capital ratio of 11.5 percent by March 2019.

New NPA resolution process weakens our banks just as farm loan waivers do; here's why
Business

New NPA resolution process weakens our banks just as farm loan waivers do; here's why

By creating a culture of inertia when it comes to debt-servicing, the message sent out is that at the end of the day there will be support coming from the government in some form to ensure that the system does not collapse

RBI likely to announce guidelines to NPA ordinance within a fortnight
Business

RBI likely to announce guidelines to NPA ordinance within a fortnight

Banks have been reluctant to resolve NPAs through settlement schemes or sell bad loans with hair cut to asset reconstruction companies for fear of 3Cs -- CBI, CAG and CVC.