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Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
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.
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On Former Chief's Arrest In Asset Sale Case, SBI Says Due Process Followed
SBI on Monday clarified that the assetwassold with "laid down process" in March 2014, much after Pratip Chaudhuri had retired in September 2013.
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Loan Relief: RBI Urges Top Court To Lift Interim Order Banning Declaration Of Bad Loans
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.
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Government To Submit Loan Moratorium Plan In Top Court Today
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...
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As Coronavirus Derails Business, Banks Seek More Time For Bad Loan Classification
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.
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Enforcement Directorate Attaches ₹78.15 Crore Assets Of Chanda Kochhar, Family
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.
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Towering NPAs: December Figure Stands At Rs 8.41 Lakh Crore
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
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Aadhaar-Bank Account Linking Deadline Must Be Extended In Wake Of PNB Fraud, Says Assocham
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.
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Prime Minister's NPA Allegation Against Congress: Mystery Data, Deleted Tweet
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.
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Punjab National Bank Expects Resolution Of 4-5 Large NPA Accounts
RBI's deadline to resolve identified NPA cases with a loan exposure of about Rs 4 lakh crore by banks ended two days ago.
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CBI Files Fresh Case Against Gujarat Firm Over Rs 5,000 Crore Loan Default
CBI has alleged that the company had taken loans of over Rs 5,000 crore from a consortium led by Andhra Bank
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Nearly 9,000 Wilful Defaulters Owe Rs 92,000 Crore To Public Sector Banks
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.
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Mallya's Iconic Kingfisher Villa In Goa May Be Renamed
Actor-businessman Sachiin Joshi bought the Kingfisher Villa for Rs. 73 crore in an auction conducted by the consortium of banks
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Bad Loans Resolution Policy To Be Likely Announcement Early Next Month: Report
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.
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Stage Set For Banks To Take Effective Action On Bad Loans: Arun Jaitley
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.
-
Book Review | The Dirty Dozen: The Story Of India's 12 Biggest Corporate Defaulters
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.
-
On Former Chief's Arrest In Asset Sale Case, SBI Says Due Process Followed
SBI on Monday clarified that the assetwassold with "laid down process" in March 2014, much after Pratip Chaudhuri had retired in September 2013.
-
Loan Relief: RBI Urges Top Court To Lift Interim Order Banning Declaration Of Bad Loans
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.
-
Government To Submit Loan Moratorium Plan In Top Court Today
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...
-
As Coronavirus Derails Business, Banks Seek More Time For Bad Loan Classification
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.
-
Enforcement Directorate Attaches ₹78.15 Crore Assets Of Chanda Kochhar, Family
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.
-
Towering NPAs: December Figure Stands At Rs 8.41 Lakh Crore
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
-
Aadhaar-Bank Account Linking Deadline Must Be Extended In Wake Of PNB Fraud, Says Assocham
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.
-
Prime Minister's NPA Allegation Against Congress: Mystery Data, Deleted Tweet
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.
-
Punjab National Bank Expects Resolution Of 4-5 Large NPA Accounts
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 Files Fresh Case Against Gujarat Firm Over Rs 5,000 Crore Loan Default
CBI has alleged that the company had taken loans of over Rs 5,000 crore from a consortium led by Andhra Bank
-
Nearly 9,000 Wilful Defaulters Owe Rs 92,000 Crore To Public Sector Banks
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.
-
Mallya's Iconic Kingfisher Villa In Goa May Be Renamed
Actor-businessman Sachiin Joshi bought the Kingfisher Villa for Rs. 73 crore in an auction conducted by the consortium of banks
-
Bad Loans Resolution Policy To Be Likely Announcement Early Next Month: Report
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.
-
Stage Set For Banks To Take Effective Action On Bad Loans: Arun Jaitley
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.
