Npa Loans Case

N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.

SBI on Monday clarified that the assetwassold with "laid down process" in March 2014, much after Pratip Chaudhuri had retired in September 2013.

In a relief to stressed borrowers who are facing hardships due to the impact of COVID-19 pandemic, the apex court had passed the interim order on September 3.

The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis as the top court will hear final arguments in the loan moratorium case. Earlier this month, the Supreme Court had given the government two more weeks "to come up with something concrete" in the case related to an optional moratorium on r...

According to the current norms, an account slips into the NPA category if repayment is delayed by 90 days. India has more than 200 confirmed coronavirus cases, with several hundred people in isolation. Maharashtra has closed all shops and offices except those providing essential services in certain cities.

Chanda Kochhar: The ED said its probe had revealed that loans were refinanced and new loans aggregating to ₹1,730 crore sanctioned to Videocon Industries Ltd (VIL) and its group companies and these loans became non-performing assets (NPA) for ICICI Bank on June 30, 2017.

Minister of State for Finance Shiv Pratap Shukla told the Lok Sabha in a written reply that industry accounted for largest portion of these NPAs

The industry body said the PSBs are smarting under the alleged frauds running into thousands of crores of rupees even as the pressure of non-performing assets (NPAs), or bad loans, is increasing by the day.

As part of his fiery speech in parliament on Wednesday, the Prime Minister targeted the previous Congress government for worsening India's crisis of bank debt.

RBI's deadline to resolve identified NPA cases with a loan exposure of about Rs 4 lakh crore by banks ended two days ago.

CBI has alleged that the company had taken loans of over Rs 5,000 crore from a consortium led by Andhra Bank

The number of wilful defaulters increased to 8,915 at the end of March as against 8,167 in the previous fiscal year, according to data collated by the Finance Ministry.

Actor-businessman Sachiin Joshi bought the Kingfisher Villa for Rs. 73 crore in an auction conducted by the consortium of banks

Broadly, the policy should contain the processes relating to haircut and one-time settlement to be carried out by banks for faster resolution of high-value cases, the official said, adding that the big loan defaults constitute about 70 per cent of the total NPAs.

The finance minister made a case for change in the Prevention of Corruption Act 1988 to distinguish between the corrupt and the erroneous decisions to provide comfort to PSU bankers in settling non-performing assets.

N. Sundaresha Subramanian chronicles the travails of the IBC in each of the 'Big Twelve' cases in finding the resolution. In some instances, the journey becomes more important than the destination.

SBI on Monday clarified that the assetwassold with "laid down process" in March 2014, much after Pratip Chaudhuri had retired in September 2013.

In a relief to stressed borrowers who are facing hardships due to the impact of COVID-19 pandemic, the apex court had passed the interim order on September 3.

The government will present its plan today to help borrowers ease their EMI burden during the coronavirus crisis as the top court will hear final arguments in the loan moratorium case. Earlier this month, the Supreme Court had given the government two more weeks "to come up with something concrete" in the case related to an optional moratorium on r...

According to the current norms, an account slips into the NPA category if repayment is delayed by 90 days. India has more than 200 confirmed coronavirus cases, with several hundred people in isolation. Maharashtra has closed all shops and offices except those providing essential services in certain cities.

Chanda Kochhar: The ED said its probe had revealed that loans were refinanced and new loans aggregating to ₹1,730 crore sanctioned to Videocon Industries Ltd (VIL) and its group companies and these loans became non-performing assets (NPA) for ICICI Bank on June 30, 2017.

Minister of State for Finance Shiv Pratap Shukla told the Lok Sabha in a written reply that industry accounted for largest portion of these NPAs

The industry body said the PSBs are smarting under the alleged frauds running into thousands of crores of rupees even as the pressure of non-performing assets (NPAs), or bad loans, is increasing by the day.

As part of his fiery speech in parliament on Wednesday, the Prime Minister targeted the previous Congress government for worsening India's crisis of bank debt.

RBI's deadline to resolve identified NPA cases with a loan exposure of about Rs 4 lakh crore by banks ended two days ago.

CBI has alleged that the company had taken loans of over Rs 5,000 crore from a consortium led by Andhra Bank

The number of wilful defaulters increased to 8,915 at the end of March as against 8,167 in the previous fiscal year, according to data collated by the Finance Ministry.

Actor-businessman Sachiin Joshi bought the Kingfisher Villa for Rs. 73 crore in an auction conducted by the consortium of banks

Broadly, the policy should contain the processes relating to haircut and one-time settlement to be carried out by banks for faster resolution of high-value cases, the official said, adding that the big loan defaults constitute about 70 per cent of the total NPAs.

The finance minister made a case for change in the Prevention of Corruption Act 1988 to distinguish between the corrupt and the erroneous decisions to provide comfort to PSU bankers in settling non-performing assets.