800 Crore Loan
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Case Against J&K Bank's Former Chairman, 18 Others In Loan Case
The CBI has booked former J&K Bank chairman Mushtaq Ahmad Shaikh and 18 others for a Rs 800 crore loss to the bank caused due loans to REI Agro, which were issued in violation of guidelines, without tangible security and on fake documents
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Probe Agency Arrests Ambience Group Promotor In Money Laundering Case
The ED has arrested Raj Singh Gehlot, promoter of the Ambience group, in a money-laundering case linked to an alleged bank loan fraud of Rs 800 crore, officials said on Thursday.
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SBI-Led Consortium Gets Over Rs 5,800 Crore In Vijay Mallya Case
A State Bank of India (SBI)-led consortium that lent loans to Vijay Mallya received Rs 5,824.5 crore in its accounts after shares of UBL, earlier attached under the anti-money laundering law, were sold recently, the Enforcement Directorate said.
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Probe Agency Raids Delhi Realtor's 7 Premises In Rs 800 Crore Bank Fraud
The Enforcement Directorate raided seven premises of a Delhi-based realtor on Friday in connection with a money-laundering case against him and his company over an alleged bank loan fraud of Rs 800 crore and irregularities in the construction of a five-star hotel.
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Delhi Civic Bodies Yet To Pay Loans Amounting To Over 3,800 Crores: Auditor
Loans amounting to over Rs 3,800 crore were outstanding against the three municipal corporations in Delhi as on March 31 last year, according to a Comptroller and Audit General (CAG) report released on Monday.
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SBI To Auction Rs 700-Crore Stressed Assets This Month
SBI's fresh slippages nearly halved to Rs 8,800 crore in the quarter ended September 30.
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"Will Stay In Kanpur": Rotomac Owner Amid Reports Of Leaving Country
After billionaire jewellery designer Nirav Modi, another defaulter Vikram Kothari, the promoter of Rotomac Pen, has denied reports that he has left the country.
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PNB Plans Sale Of Assets Worth Rs 1,800 Crore To Recover Bad Loans
"Certain accounts are in the pipeline, may be assets around Rs 1800 crore, and these will be put on the block during the current fiscal," PNB Managing Director Usha Ananthasubramanian told PTI.
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RBI Eases Bad Loan Rules For Small Borrowers After Cash Crunch
Banks and other financiers will get an additional 60 days for recognising certain loans of up to Rs 1 crore ($146,800) as substandard, the RBI said in a notification.
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Ashok Leyland Wins Rs 800 Crore Order From Indian Armed Forces
Hinduja Group flagship firm Ashok Leyland on Tuesday said it has received orders worth Rs 800 crore from the Indian armed forces.
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PNB Shares Sink After Q4 Net Slumps 62% on Bad Loans
Silky Jain of Nirmal Bang Securities told NDTV that PNB has disappointed on all fronts, but the huge provision of Rs 3,800 crore (versus expectation of Rs 1,500 crore) is a real worry.
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Amtek Auto Gains 19% After Subsidiary secures Rs 1,800 Crore Funding
Amtek Global Technologies, a subsidiary of Amtek Auto, has secured long term debt financing of 235 million euro from Kohlberg Kravis Roberts (KKR). The amount would be used to pay back bridge loans which is of higher interest.
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Alok Industries Surges 8% on Export Credit Grant
The above loan sanctions will help Alok Industries avail of a long-term export advance of around Rs 9,800 crore, which will be used to repay its existing high-cost debt. This will save around 6 per cent interest on the domestic debt.
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Canara Bank to improve asset quality further: chairman
The No. 5 ranked state bank expects new bad loans to fall to about Rs 1,300 crore in the December quarter from Rs 2,800 crore in June, chairman and managing director R.K. Dubey told Reuters.
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Gammon India to convert Rs 14,800-crore debt into equity
Reeling under a huge debt, engineering firm Gammon India on Tuesday announced a major loan restructuring exercise under which it would convert debt totalling over Rs 14,800 crore into equity. The company said lenders would be issued fresh shares worth over Rs 4,500 crore.
-
Case Against J&K Bank's Former Chairman, 18 Others In Loan Case
The CBI has booked former J&K Bank chairman Mushtaq Ahmad Shaikh and 18 others for a Rs 800 crore loss to the bank caused due loans to REI Agro, which were issued in violation of guidelines, without tangible security and on fake documents
-
Probe Agency Arrests Ambience Group Promotor In Money Laundering Case
The ED has arrested Raj Singh Gehlot, promoter of the Ambience group, in a money-laundering case linked to an alleged bank loan fraud of Rs 800 crore, officials said on Thursday.
-
SBI-Led Consortium Gets Over Rs 5,800 Crore In Vijay Mallya Case
A State Bank of India (SBI)-led consortium that lent loans to Vijay Mallya received Rs 5,824.5 crore in its accounts after shares of UBL, earlier attached under the anti-money laundering law, were sold recently, the Enforcement Directorate said.
-
Probe Agency Raids Delhi Realtor's 7 Premises In Rs 800 Crore Bank Fraud
The Enforcement Directorate raided seven premises of a Delhi-based realtor on Friday in connection with a money-laundering case against him and his company over an alleged bank loan fraud of Rs 800 crore and irregularities in the construction of a five-star hotel.
-
Delhi Civic Bodies Yet To Pay Loans Amounting To Over 3,800 Crores: Auditor
Loans amounting to over Rs 3,800 crore were outstanding against the three municipal corporations in Delhi as on March 31 last year, according to a Comptroller and Audit General (CAG) report released on Monday.
-
SBI To Auction Rs 700-Crore Stressed Assets This Month
SBI's fresh slippages nearly halved to Rs 8,800 crore in the quarter ended September 30.
-
"Will Stay In Kanpur": Rotomac Owner Amid Reports Of Leaving Country
After billionaire jewellery designer Nirav Modi, another defaulter Vikram Kothari, the promoter of Rotomac Pen, has denied reports that he has left the country.
-
PNB Plans Sale Of Assets Worth Rs 1,800 Crore To Recover Bad Loans
"Certain accounts are in the pipeline, may be assets around Rs 1800 crore, and these will be put on the block during the current fiscal," PNB Managing Director Usha Ananthasubramanian told PTI.
-
RBI Eases Bad Loan Rules For Small Borrowers After Cash Crunch
Banks and other financiers will get an additional 60 days for recognising certain loans of up to Rs 1 crore ($146,800) as substandard, the RBI said in a notification.
-
Ashok Leyland Wins Rs 800 Crore Order From Indian Armed Forces
Hinduja Group flagship firm Ashok Leyland on Tuesday said it has received orders worth Rs 800 crore from the Indian armed forces.
-
PNB Shares Sink After Q4 Net Slumps 62% on Bad Loans
Silky Jain of Nirmal Bang Securities told NDTV that PNB has disappointed on all fronts, but the huge provision of Rs 3,800 crore (versus expectation of Rs 1,500 crore) is a real worry.
-
Amtek Auto Gains 19% After Subsidiary secures Rs 1,800 Crore Funding
Amtek Global Technologies, a subsidiary of Amtek Auto, has secured long term debt financing of 235 million euro from Kohlberg Kravis Roberts (KKR). The amount would be used to pay back bridge loans which is of higher interest.
-
Alok Industries Surges 8% on Export Credit Grant
The above loan sanctions will help Alok Industries avail of a long-term export advance of around Rs 9,800 crore, which will be used to repay its existing high-cost debt. This will save around 6 per cent interest on the domestic debt.
-
Canara Bank to improve asset quality further: chairman
The No. 5 ranked state bank expects new bad loans to fall to about Rs 1,300 crore in the December quarter from Rs 2,800 crore in June, chairman and managing director R.K. Dubey told Reuters.
-
Gammon India to convert Rs 14,800-crore debt into equity
Reeling under a huge debt, engineering firm Gammon India on Tuesday announced a major loan restructuring exercise under which it would convert debt totalling over Rs 14,800 crore into equity. The company said lenders would be issued fresh shares worth over Rs 4,500 crore.
